Answer - Consider the types of unemployment and their consequences.

BB106 Economic Principles-T4, 2016: Written Assignment 2-Macroeconomics

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1. Discuss the consequences on GDP if it includes the following items.

(a) The production of meals at home.

(b) Purchase of a used cars.

(c) Pensions.

2. Consider the types of unemployment and their consequences. Discuss whether structural unemployment more or less serious than cyclical unemployment.

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