Recessions

Question 1 Export of goods and work1000 Imports of goods and services800 Private use of goods and services expenditures900 light up factor income from foreign countries d political sympathies consumption expenditures800 sack investiture850 Interest of theme debt775 Salaries and wages 1150 assembly line remunerations 750 dispraise 650 Indirect taxation 550 Income tax 575 Subsidy 550 a)gross municipal product m/c: C+I+G+(N-x)+Depreciation= 900+850+800+(1000-800)+650 = 3400 b)gross national product m/c: gross domestic productm/c + Net income from abroad= 3400+500= 3900 c)Total national net product f/c= GNP m/c depreciation= 3900-650= 3250 d)Net national product m/c= GDPm/c+Net part income from foreign countries+subsidy-depreciation= 3400+500+550-650= 3250 e)Gross investiture= net investment + depreciation= 850+ 650= 1500 f)National income f/c= GNP m/c depreciation= 3900-650= 3250 Question 2(a) What are the characteristics and causes of a recess ion corner is what all the world would be afraid and fear, recession use up destroy the countries development in a matter of time.

hold is defined as a massive decline in economic activity spread across the economy, lasting more(prenominal) than a few months, normally visible in real subject gross domestic product (GDP), real income, employment, industrial output and wholesale-retail sales. More specifically, recession is defined as when businesses cease to expand, the GDP diminishes for two consecutive quarters, the rate of unemployment rises and housing prices decline. A blockage of general economic decline; ty pically defined as a decline in GDP for two ! or more consecutive quarters. A recession is typically cast up to by a drop in the stock market, an erupt in unemployment, and a decline in the housing market. A recession is generally considered less severe than a depression, and if a recession continues long enough it is often then distinguish out as a depression. In addition, recession give tongue to as a...If you want to get a full essay, target it on our website: OrderCustomPaper.com

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