ou are a chief economic advisor for the federal government. You are asked economic policy recommendation to improve economic outcomes. Here is some information of the current economy; Last year This year Real GDP growth 1.3% 2.7% Inflation 1% 1.8% Unemployment 8% 10% Government debt (or national debt) has accumulated due to several years of tax cuts and spending increase. Lastly, there has been trade deficit for over five years. Explain your policy recommendations based on macroeconomic theory.

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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