DUE: MAY 25, 2023 BY 9:15PM
1. (Types of Unemployment) Determine whether each of the following
would be considered frictional, structural, seasonal, or cyclical
unemployment: (1 Mark Each)
Just put the option next to the statement. Eg Frictional

a. Workers are laid off because the season for harvesting mangoes
came to a close.

b. A company operating in Antigua and Barbuda relocates overseas
because taxes are lower in the other country.

c. An employer wishes to hire an accountant. However he does not
hire the first person who applied for the job because he wishes to
see what other talent and experience is available.
d. Workers in a country are laid off due to a severe economic
recession.

2. (Inflation) Here are some recent data on the consumer price index:
Year CPI
Year CPI
2007 127.8
2017 140.3
2008 126.9
2009 128.7
2010 129.5
2011 133.4
Year CPI
2002 136.2
2013 135.4
2014 133.5
2015 135.8
2016 137.9
2018 142.6
2019 145.5
2020 144.5
2021 148.8
Compute the inflation rate for each year 2008 to 2021 and determine
which years were years of inflation? In which years did disinflation
occur? In which years did deflation occur? (10 Marks)