1. Which phase of the business cycle in Spain in during August 2013? Why? (3 marks)2. According to the following the equation Y= C+I+G+(X-M) how have the components of real GDP changed over 2012/2013? (3 marks)3. What is the unemployment rate in Spain in August 2013? (3 marks)4. What is the Labour Force Participation Rate in August 2013? (3 marks)5. How does this compare with August 2012? What has happened to employment in Spain? (4 marks)6. What is the inflation rate in Spain over 2012/ 2013? Can you explain this?(4 marks)