1) Explain key macroeconomic variables, their measurement and usefulness. 2) Describe the core concepts, definitions and classifications of National Accounting in Economics. Skills 3) Compile National Income Accounts, Indices and other reported economic statistics from raw data using various techniques. 4) Use the data published by the official and quasi-official agencies to analyze the economic process, so as to aid in economic planning. 5) Evaluate current global issues with the aim of understanding their impact on macroeconomic variables and world economies. Attitudes 6) Appreciate the need for the collection and compilation of social and economic national data. Question 1 a. Samantha is a disgruntled business owner of Lactid country. She thinks that the process of nationa accounting is not confidential and silly and there is no need for her to provide any information to the statistical department concerning her business. You are given the task to convince Samantha about 2 advantages and 2 disadvantages of providing accurate and timely information for National Accountin ourposes. Provide country examples per example (8 marks) o. GDP should not be used as the only measure of growth in an economy. Using three (3) reasons