Question 2 [20] 2.1. Define the following concepts or terms: 2.1.1. Gross domestic product 2.1.2. Labour force 2.1.3. The GDP deflator 2.1.4. Financial intermediaries 2.2. Differentiate between the following concepts: 2.2.1. Cyclical unemployment versus seasonal unemployment 2.2.2. The CPI versus the PPI - use a table format (3) 2.3. Despite advantages, every government takes steps to protect domestic firms and control the volume of imports. Define and discuss the economic impact of tariffs as a trade policy measure available to countries to limit imports. (5) 2.4. Like markets, governments can also fail. What are the three (3) major reasons for government failure? (3) 2.5. Discuss the ability-to-pay principle as a criterion for a good tax. (3)