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Topic is on macroeconomics:

Due to the COVID19 pandemic, it is predicted that there will be major economic fallout. These are some points will be using listed below. Please


Defined these terms for me and give examples if necessary and also resources:-

  1. GDP
  2. Decreased consumption due to unemployment
  3. Unemployment due to less consumption (less income for firms. Therefore have to lay off staff or close down = job loss)
  4. Volatile exchange rates/investment
  5. Decreased international trade due to shut downs
  6. Increased investment due to lower interest rates/lower cost of borrowing
  7. Decreased exports due t lack of tourism
  8. Decrease demand of currency due to less citizens travelling overseas.

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