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Resource: Figure 3-1 in Ch. 3 of Macroeconomics. Part 1 Describe the following terms in your words. · Gross domestic product (GDP) · Real GDP · Nominal GDP · Unemployment rate · Inflation rate · Interest rate Part 2 Consider the following examples of economic activities: · Purchasing of groceries · Massive layoff of employees · Decrease in taxes Describe how each of these activities affects government, households, …