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Question 1 Export of goods and services1000 Imports of goods and services800 Private inspiration expenditures900 unsettle factor income from foreign countries d Government consumption expenditures800 give the sack investment funds850 Interest of home(a) debt775 Salaries and wages 1150 Job remunerations 750 wear and institutionalise 650 Indirect taxation 550 Income tax 575 Subsidy 550 a) stark(a) domestic production m/c: C+I+G+(N-x)+disparagement= 900+850+800+(1000-800)+650 = 3400 b)gross field product m/c: GDPm/c + solve income from abroad= 3400+500= 3900 c)Total national net output f/c= GNP m/c derogation= 3900-650= 3250 d)Net national product m/c= GDPm/c+Net mover 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 in all the world would be afraid and fear, recession canister terminate the countries development in a matter of time.

deferral is defined as a massive decline in frugal 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 than specifically, recession is defined as when businesses cease to expand, the GDP diminishes for ii consecutive quarters, the rate of unemployment rises and accommodate prices decline. A breaker slur of general economic decline; typ ically defined as a decline in GDP for two o! r more consecutive quarters. A recession is typically attended by a drop in the stock market, an jog 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 thusly categorise as a depression. In addition, recession say as a...

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