principles of Economics

Question a. Define une Toldment and distinguish between different types of unemployment. (4 marks) b. Define the conceit of full employment. What are the major costs of unemployment? (3 marks) c. Using the circular low model, explain the effects of an increase in exports on the level of i) GDP; ii) net taxesand iii) imports. (3 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). I US Paragraph V Arial V 14px v Ev A v 2