enr Min, Teer 2.
hace 1aBee 1aBre Lac (oye sae
Question?
‘The table below shows the Gross Domestic Produet (GDP) ofa hypothetical economy fr the
years 2002 and 2014 Use 2002 as your base year to answer the questions below
Average pics in Suan sid
Yeu ‘oz 2002 moi
Tod 1 « 5
housing 3. 3 3
fun 4 3 4
machines [29 2 2
rss Domestic Product (GDP).
a
ue ofall inal goods and services produced within a country ia given
a
ou
es ae fly
i)
‘employed. Graphically iustrate and explain fully the effect of increase in goverment
expenditre inthe two types of counties,
AND
Inflation increases
Real GDP increases RGDP doesnot change“
Inflation doesnot inrease 77 vas
Ta, P te, Q
ct,