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Exam (elaborations)

ECONOMICS CHAPTER 8 QUESTIONS WITH CORRECT ANSWERS 2025

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ECONOMICS CHAPTER 8 QUESTIONS WITH CORRECT ANSWERS 2025

Institution
Business Finance
Module
Business finance








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Institution
Business finance
Module
Business finance

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Uploaded on
November 11, 2024
Number of pages
3
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

  • economics chapter 8 questions with correct answers

Content preview

BusinessGCycleG-GcorrectGanswer-AlternatingGPeriodsGofGeconomicGexpansionGandGeconomicGrecession.



RecessionG-GcorrectGanswer-
AGperiodGofGaGbusinessGcycleGduringGwhichGtotalGproductionGandGtotalGemploymentGareGdecreasing.




ECONOMICS CHAPTER 8 QUESTIONS
WITH CORRECT ANSWERS 2025
EconomicGgrowthG-GcorrectGanswer-
TheGabilityGofGanGeconomyGtoGproduceGincreasingGquantitiesGofGgoodsGandGservices.



InflationGRateG-GcorrectGanswer-TheGpercentageGincreaseGinGtheGpriceGlevelGfromGoneGyearGtoGanother.



GrossGDomesticGProductG-GcorrectGanswer-
TheGmarketGvalueGofGallGfinalGgoodsGandGservicesGproducedGinGaGcountryGduringGaGperiodGofGtime,Gtypicall
yGoneGyear.



FinalGgoodGorGserviceG-GcorrectGanswer-aGgoodGorGserviceGpurchasedGbyGaGfinalGuser.



intermediateGgoodGorGserviceG-GcorrectGanswer-
AGgoodGorGserviceGthatGisGanGoutputGintoGanotherGgoodGorGservice,GsuchGasGaGtireGonGaGtruck.



2GwaysGtoGmeasureGGDPG-GcorrectGanswer-
eitherGbyGcalculatingGtheGtotalGvalueGofGexpendituresGonGfinalGgoodsGandGservicesGorGbyGcalculatingGtheGv
alueGofGtotalGincome.



Y=C+I+G+NXG-GcorrectGanswer-GDPGequation?



valueGaddedG-GcorrectGanswer-marketGvalueGaGfirmsGaddsGtoGaGproduct
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