ALL questions from this section. Question 1 Discuss three (3) positive consequences of economic growth. [18 marks] Question 2 Identify four types of unemployment and explain how they are caused. [16 marks] Question 3 Explain what is inflation and briefly explain (3) consequences of inflation. [16 marks] Question 1 The table below shows the different levels of the inflation rate. New price 1 year later New price 10 years later New price 100 years later Price doubling time [years] Price (Today) $50 $50 $50 $50 $50 (Annual) inflation [%] 2% 4% 10% 15% 20% Calculate the new price after one year, ten years, and one hundred years, as well as the period required to double the price at various levels of inflation. [20 marks]