a. Explain concisely whether the following statement is true or false: “The GDP of a country does provide an accurate indicator of the welfare of its citizens” (15 marks) (850–1000 words) b. In as...

a. Explain concisely whether the following statement is true or false:

“The GDP of a country does provide an accurate indicator of the welfare of its
citizens” (15 marks) (850–1000 words)

b. In as much detail as possible, explain the Circular Flow Diagram for a Four (4) sector
economy. (15 marks) (850–1000 words)

c. Explain three (3) costs of unemployment to society