Recipe

Question 1
Export of goods and services1000
Imports of goods and services800
Private inspiration expenditures900
displace factor income from foreign countries d
Government consumption expenditures800
Net investment funds850
Interest of home(a) debt775
Salaries and wages 1150
Job remunerations 750
wear and tear 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 means 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
box is what all the world would be afraid and fear, recession canister 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 than than a few months, normally visible in true gross domestic product (GDP), real income, employment, industrial work 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 breaker point of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters.
A recession is typically accompanied by a drop in the stock market, an cast 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 categorise as a depression. In addition, recession said as a...



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