Question: help number 2 and 3 2. Let's suppose that a new training program is introduced to help workers gain more and better skills to adapt

help number 2 and 3

2. Let's suppose that a new training program is introduced to help workers gain more and better skills to adapt to a challenging labor market. The execution of the program is planned to increase total factor productivity (A) through firm innovation. Explain how it might affect the overall production and labor and capital productivity. Use graphs and economic models to support your explanations. Explain thoughtfully. 3. Political turbulences and the pandemic significantly affected Singapore's consumer confidence in 2020 and 2021. Now, that the pandemic is under control in Singapore, the marginal propensity to consume has increased from 0.5 to 0.7. a. Use the consumption model to assess the effects of an increase in marginal propensity to consume (MPC) on operall consumption. Use the model (math) and the graphs. Explain. b. How it will affectbverall aggregate demand and income (Y)

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