8 marks for each question

A1. A headline news in February 2021 states: \"The UK economy shrank by a record 9.9% last year as coronavirus restrictions hit output, the Office for National Statistics (ONS) says.\" What is the measure used by the ONS to claim the UK. economy shrank by 9.9%? List one method for how they measure this. Explain briey why the economy shrank by so much. A2. According to the Malthusian theory of growth, what happens to income per capita after many lives are lost during a war? Discuss the effects in the short run and in the long run. In your answer, compare the levels of population and income per capital to the pre-war level. How do the effects compare to the case when the economy experiences an improvement in technology? A3. A headline news in January 2021 states: \"The UK unemployment in January 2021 has risen to 5% for the first time since 2016\". Some economists argue that this is not surprising, and they argue that the labour market status is actually worse than what the unemployment gure reveals. Dene unemployment rate. Explain the logic behind their argument