a. Analyse the effects of quarantine on GDP, employment and the unemployment rate. Which industries are likely to be most affected and which industries are likely to be least affected by quarantine measures?

b. Choose any country that introduced quarantine as an example. What was its GDP growth rate in 2018, 2019? (Indicate the source of information.) Is this country likely to be in recession this year? Refer to two definitions of recession.

c.  Are your answers consistent with (general) Okun’s law?

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a In quarantine citizens of a nation stay in their homes and avoid moving out of their places The tr... View the full answer