a. Explain the difference between real GDP and Nominal GDP and how can you calculate inflation through this data by presenting a real or fictional example built on your own (20%)
b. Describe how public policies can influence economic growth and give a real example of measures practiced by a country. (20%)
c. What types of unemployment do you know? Explain how to calculate unemployment rate and the impact of Minimum-wage laws in the labour market. (20%)
d. Explain how savings and investment in the national income accounts can contribute for the production factores and help on economic growth. What could be the role of savings and investment for dealing with a debt crisis? (40%)
