Learning Goal: I’m working on a macro economics exercise and need guidance to he

Learning Goal: I’m working on a macro economics exercise and need guidance to help me learn.Part ICalculation of Consumer Price Index and Rate of Inflation:In Hampston, there are only 3 goods: popcorn, movie shows, and diet drinks. The following table shows the prices and quantities produced of these goods in 1980, 1990, and 1991:A “market bundle” for a typical family is deemed to be 5 popcorn, 3 movie shows, and 3 diet drinks. Q.1. Compute the consumer price index (CPI) for each of the three years, using 1980 as the base year (4 points)Q.2. what was the rate of inflation from 1990 to 1991, using the CPI you calculated in (Q.1.)? (4 points)Q.3. Now compute the CPI for each of the three years, using 1990 as the base year instead of 1980 but using the same “market bundle.” (4 points)Q.4. what was the rate of inflation from 1990 to 1991, using the CPI you calculated in (Q.3.)? Is it the same as your answer to (Q.2.)? (4 points)Q.5. Now suppose that a new market bundle is defined; the “market bundle” is now 6 popcorn, 2 movie shows, and 4 diet drinks. Compute the CPI for the three years, using this “market bundle” and using 1980 as the base year. (4 points)Q.6. what was the rate of inflation from 1990 to 1991, using the CPI you calculated in (Q.5.)? Explain why it is different from your answer to (Q.2.)? (4 points) Part II1.The country of Macedonia has following employment situation:Total adult population = 10 millionAdult population out of work actively searching for work = 210 thousandPopulation retired, institutionalized, homemakers, and fulltime students = 2.9 millionCitizens listed with Macedonian military = 100 thousandAssuming the Macedonian ministry of statistics uses the same unemployment formula as the U.S. Bureau of Labor Statistics, what is Macedonia’s current unemployment rate? (4 points)2.Following are the statistics for Orange County :Total population = 5000Aged 16 and above = 4000Currently employed= 1000Unemployed reported= 100a.What is the Orange County’s current labor force participation rate ? (4 points)b.What is current percentage out of the labor force? (4 points)

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