Recessions

Question 1
Export of goods and services1000
Imports of goods and services800
Private use of goods and services expenditures900
light up factor income from foreign countries d
Government consumption expenditures800
Net investiture850
Interest of theme debt775
Salaries and wages 1150
Job remunerations 750
dispraise 650
Indirect taxation 550
Income tax 575
Subsidy 550
a)gross domestic product m/c: C+I+G+(N-x)+Depreciation= 900+850+800+(1000-800)+650
= 3400
b)gross national product m/c: GDPm/c + Net income from abroad= 3400+500= 3900
c)Total national net output 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 investment= 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 recession
quoin is what all the world would be afraid and fear, recession discharge destroy the countries development in a matter of time.



deferral is defined as a massive decline in economic activity spread across the economy, lasting more(prenominal) than a few months, normally visible in real number gross domestic product (GDP), real income, employment, industrial outturn 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 check of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters.
A recession is typically attach to by a drop in the stock market, an step-up 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 sort out as a depression. In addition, recession said as a...If you want to get a full essay, order it on our website: Ordercustompaper.com



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