1) The official unemployment rate published by the Australian Bureau of Statistics increased by just 1 percentage point in April 2020 (compared to the previous month), despite the high number of jobs lost and the expectation of many economists. How is this possible? Reflect on the statement above and interpret it using your knowledge on unemployment and labour force participation rates' calculations.

2) Is there a silver bullet to end world poverty? What types of interventions can be used in this area? Refer to Esther Duflo's TED Talk (on Moodle) and explain how economics/social sciences research can help in this debate.

TED Talk link: https://www.ted.com/talks/esther_duflo_social_experiments_to_fight_poverty

Note: Don't need too many words for each question.