Draw a labour market diagram to illustrate demand-deficient unemployment. (2) P Briefly explain a policy designed to reduce a Current Account deficit. (3) . . ........ . . ........a Explain three characteristics of a recession. (3) [Uh Explain two factors that could lead to an increase in UK exports. (2) N} Explain two potential costs 0! economic growth. (2) Distinguish between 'structural unemployment' and 'cyclical unemployment'. (2) . . . . . . . . .. ... . . . . . . . . . ... . . .. .... E Explain two possible explanations for the occurrence of the 'economic cycle'. (2) . . . ..... . . . . .. ... . . . . . . .. ... . . ......... F) Categorise the following occurrences into whether they will contribute inflationary or deflationary pressures to the economy. (3) (1) A fall in the exchange rate INF/DEF (2) A fall in the price of oil INF/DEF (3) Increased pressure by trade unions to improve worker conditions INF/DEFDraw an AD/AS diagram to illustrate how a decrease in consumer spending can lead to an increase in Keynesian unemployment. (4) Define the term 'negative output gap'. (2) . . . .. . The table below shows a summary of the balance of payments on current account for an economy in 2017. Em Exports of goods 128 Exports of services 45 mports of goods 134 Imports of services 41 Net primary income (18) Net secondary income (5) Calculate the overall balance on the current account of the balance of payments. (2) .. ..... ... ... ........W 0112 . A\\ Define the term 'the trend rate of economic growth'. (2) C) Draw an ADIAS diagram to illustrate the effect of a sudden large increase in the price of oil on the UK economy. (3) G Draw an AD/AS diagram to illustrate cost-push inflation. (3) Distinguish between 'primary income flows' and 'secondary income flows' in the current account of the balance of payments. (2)