Quelpr

Other parts of this question

  1. 7(a)Define the term 'recession'.[2 marks]
  2. 7(b)Identify TWO withdrawals from the circular flow of income.[2 marks]
  3. 7(c)List THREE types of unemployment.[3 marks]
  4. 7(e)(i)Calculate the real output.[3 marks]
  5. 7(e)(ii)State what the retail price index implies about inflation.[2 marks]

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