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Macroeconomic Length 2,500 words Please note that this question requires substantial research (see the assessment criteria below)

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Macroeconomic Length 2,500 words Please note that this question requires substantial research (see the assessment criteria below).

(a) Explain how inflation and unemployment are measured in Bangladesh. Provide real life examples. (6 marks)

While your textbook is your first point of reference, you should consult other references in order to receive full marks. Use real life examples (with references) to support your discussion.

(b) Explain the macroeconomic effects of COVID-19 pandemic on Bangladesh using economic theory, real life data and illustrate them on appropriate diagrams. (10 marks) This is your case study that you need to describe in details, provide relevant information, use table, diagrams where appropriate. You should use real data as much as possible. Refer to the textbook for the theoretical framework.

(c) Using your home country Bangladesh as a case study outline two main macroeconomic measures government applied to the national economy due to COVID-19 pandemic. Analyse the effect of such measures on inflation, GDP and employment using economic theory. What measures would you suggest and why? Explain using theory and real data. (15 marks) Use economic theory and real data to analyse the issues. Explain whether the measures are based on fiscal policy and/or monetary policy.