Suppose the Australia Bureau of Statistics indicated that the Consumer Price Index (CPI) increased to 103.2 in 2019 from 104.5 in 2018. Use this information to answer the following questions: Calculate Australia’s inflation rate in 2018. Suppose Singh borrowed money from a bank in 2017. Identify the party who would gain from the financial situation in Australia.   The Department for Jobs and Small Business of Australia published the following information in 2020: Total population 24 million Labor force 75% of the total population Unemployment Population 890,750   Use the information provided to answer the following questions: Calculate the population that was employed in Australia in 2020. Calculate Australia’s unemployment rate 2020.

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