Give typing answer with explanation and conclusion to all parts    A) Explain the main indicators of economic performance and analyse the limitations of the real GDP per capita when assessing living standards.   B) Evaluate the view that low unemployment is best achieved through the use of demand-side policies.

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A: Economic development takes place when the country and it's citizens prosper.

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A: Which of the below is NOT a NECESSARY condition for economic development.

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Q: Problem 20 a) In simple words explain the human capital theory.

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A:

Q: As an employer wants to reduce the production cost during the economic recession, he/she could…

A: Recession: - it is an economic condition where the overall economic activity declines in an economy.

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Q: Unemployment

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Q: Question 14 Microeconomics focuses on: The workings of the whole economy or large sectors of it…

A: The field which studies the decisions of firms and individuals for allocation of the resources of…