Explain how investment tax credit and employment tax credit can be used to address unemployment. Outline and discuss the effects of unemployment. In your discussion you should include benefits and costs of unemployment to unemployed persons and the society. Explain two (2) limitations of GDP as an indicator of performance and social welfare of an economy

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A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

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A: d. what is not produced is lost forever and future economic growth will be less.

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A: GDP deflator can be calculated by using the following formula.

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