17.

Over the last decade, European unemployment rates have been much higher than those in the US. This is partially due to the fact that European countries have

A) laws that make the costs of firing workers lower for European firms than for US firms

B) more generous unemployment benefits

C) a higher incidence of work sharing

D) a much lower share of young people in the labour force

18.

If real GDP in a small country in 2015 is $8 billion and real GDP in the same country in 2016 is $8.3 billion, the growth rate of real GDP between 2015 and 2016

A) is 3.0%.

B) is 3.6%.

C) is 3.75%.

D) cannot be determined from the information given.

Give explanation also