1. (a)Section 2 of the UK ONS's "Guide to the National Accounts" noted that the economy

was broken into a number of "institutional sectors". What were some of these, and how do you think they might have been affected differently by the pandemic and lockdowns?

(b)What is another way in which the ONS breaks down the economy? Comment on how you think the components of this breakdown have been affected by the pandemic and lockdowns.

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please search online for this, thanks

"The Economic Lives of the Poor" by Abhijit Banerjee and Esther Duflo. o https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.21.1.141 "Taking the Pulse of the Economy: Measuring GDP" by J. Steven Landefeld, Eugene P. Seskin, and Barbara M. Fraumeni. o https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.22.2.193 The UK ONS's "Guide to the National Accounts (sections 1 - 12). o https://www.ons.gov.uk/economyationalaccounts/uksectoraccounts/metho dologies/aguidetotheuknationalaccountsmarch2020