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3. Draw a production function and the labour market for an economy. Indicate the full employment point in the diagram/s. Is the potential output achieved
3. Draw a production function and the labour market for an economy. Indicate the full employment point in the diagram/s. Is the potential output achieved equal to full employment? 4. Show with the help of the diagrams that you drew in Question 3 how an increase population will change the economy's full employment position. Explain. 5. Show with the help of the diagrams in [Q3] how an increase in productivity will contribute to an increase in potential output. Explain your answers
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