question archive The business cycle model shows short-term fluctuations in the level of economic activity along a long-term trend
The business cycle model shows short-term fluctuations in the level of economic activity along a long-term trend
Subject:EconomicsPrice: Bought3
The business cycle model shows short-term fluctuations in the level of economic activity along a long-term trend. Examine the two business cycle phases that can occur in a nation
a) Suppose the Following information was published by Happy land Republic in 2017:
Item
Amount (AUD billion)
Household consumption
1029.81
Government consumption
340.92
Exports
386.39
Gross private domestic investment
352.69
Imports
386.95
Government investment
88.19
Use the information to calculate Happy land Republic's GDP in 2017. If necessary use the table below. (5 Marks)
