Discuss the change in price level and real GDP based on the events occurring in the scenario.

Choose three from four available tasks below, and write an economic report using at least 200 words for each task. The essay will be graded based on the grade rubric which you can find in week 8 learning activities. Make sure you provide biblical perspectives in your report.

Suppose you are a junior macroeconomists working for an economic consulting firm in California. Recently you are assigned to tasks with four important economic issues.

Categorize the following groups of people by different types of unemployment and report it to the BLS in a month. The document you receive has the following information:
“There are 330,000 people reside in Riverside. Among them, 40% of the population is civilian labor force. The 15% of civilian lost their jobs because their job skills are not required any longer. 30% of civilian workers are unemployed because the economy is busted. 55% of remaining civilian workers are actively looking for jobs.”
Classify civilian labor force in Riverside into one of the following unemployment types: structural, cyclical, and frictional unemployment and explain why
Calculate how many of civilian labor force in Riverside would fall into each type of unemployment

You were notified by researchers from the BEA that a recent growth in consumer’s confidence index decreased by 20%, while recent technological breakthrough in medical and cell phone industries led to a cost savings and an increased productivity across the nation.
Discuss the change in price level and real GDP based on the events occurring in the scenario.