State whether each of the following statement is TRUE, FALSE OR UNCERTAIN and defend your answer. No marks would be awarded for a correct answer for true, false or uncertain response without the correct defence. Write vividly to explain your answer. Required : 1. The COVID-19 pandemic has shown that human capital is the most important factor affecting gross domestic output (GDP) growth 2. During this period of COVID-19 pandemic, there is no need for the government to worry about how it would finance his budget. He can print as much money as it wants in the economy or borrow as much as it wants from the commercial banks and other financial institutions to finance his expenditure on the COVID-19. 3. The COVID-19 pandemic will cause more structural and frictional unemployment than cyclical unemployment.
State whether each of the following statement is TRUE, FALSE OR UNCERTAIN and defend your answer. No marks would be awarded for a correct answer for true, false or uncertain response without the correct defence. Write vividly to explain your answer.
Required :
1. The COVID-19 pandemic has shown that human capital is the most important factor affecting gross domestic output (
2. During this period of COVID-19 pandemic, there is no need for the government to worry about how it would finance his budget. He can print as much money as it wants in the economy or borrow as much as it wants from the commercial banks and other financial
institutions to finance his expenditure on the COVID-19.
3. The COVID-19 pandemic will cause more structural and frictional
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