During the current COVID-19 pandemic many countries have imposed quarantine on their populations in order to limit/ stop the spread of the disease and avoid overload on the health system. While these measures are justified from the health perspective, they have major economic consequences. In this assignment you are asked to analyse different economic aspects related to the COVID-19 pandemic.

a)Analyse the effects of quarantine on GDP, employment and the unemployment rate.Which industries are likely to be most affected and which industries are likely to be least affected by quarantine measures?

b)Choose India introduced quarantine as an example.What was its GDP growth rate in 2018, 2019? (Indicate the source of information.) Is this country likely to be in recession this year?Refer to two definitions of recession.

c)Are your answers consistent with (general) Okun's law?