Part B (Answer any two questions) 3. a. What do we mean when we say the the BOP in Total is in Deficit or The BOP in Total is in Surplus? b. what two important international institutions were created by the Bretton Woods System: 1945-1972

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Unemployment and Cost of Unemployment

Unemployment is the state of being unemployed, even when an individual is actively seeking work opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed.