Answer type please! please define the following, (a) what scientific discoveries fostered the industrial revolution in Europe? (b) What countries benefitted from it? (c) In terms of GDP and GDP per capita, what region of the world concentrates the most wealth and why? (d) Do developing nations grow as fast as developed nations and why?

2. Exercise Two: Based on our in-class discussion, please define the following, (a) what is the unemployment rate and how is it defined? (b) Does the unemployment rate take into account discouraged workers? (c) Jessica decided to quit her job because she did not like the working conditions, what type of unemployment does this represent? (d) Sam lost his job because of outsourcing, and a restructuring of the firm, what type of unemployment does this represent? (e) During the pandemic, millions of individuals lost their jobs due to the recession, what type of unemployment does this represent? (f) using the link provided below, what is the current level of unemployment? (g) In your view, how long is it going to take to reduce unemployment close to its natural rate and why?