It is important to program your Python code efficiently. Efficient code manages errors and

It is important to program your Python code efficiently.
Efficient code manages errors and exceptions and cleans up memory after it ends.
The try-except statements are helpful in handling errors that are detected during execution. 

Respond to the following in a minimum of 200 words: 
What are the 2 categories of errors when debugging code?
How can the try-except statements handle errors in Python?
Provide a code example that supports your comments.