Economics Question 1 According to the central forecast, UK real GDP is set to decline by 11.3% in 2020. Unemployment will rise from 3.9% in 2019 to a peak of 7.5% in mid2021, after the furlough scheme and other support for employers is withdrawn. Government expenditure during the pandemic has risen sharply through measures such as the furlough scheme, the SelfEmployment Income Support Scheme and various business loans, combined with falling tax revenue, as income and consumer expenditure have declined. Source: Deeper in debt, 28 November 2020 (a) Based on the statement above, explain the relationship between growth rate and unemployment (2 marks)