Question: Question 5 (7 Marks) (i) Use two (2) coincidental indicators to explain the conditions that are experienced in a nation during a recession. (2 Marks)

Question 5 (7 Marks) (i) Use two (2) coincidental indicators to explain the conditions that are experienced in a nation during a recession.

(2 Marks) ANSWER i): (ii) Examine the causes of business cycle fluctuations

in a nation. (2 Marks) ANSWER ii):(iii) Suppose the following information was

Question 5 (7 Marks) (i) Use two (2) coincidental indicators to explain the conditions that are experienced in a nation during a recession. (2 Marks) ANSWER i): (ii) Examine the causes of business cycle fluctuations in a nation. (2 Marks) ANSWER ii):(iii) Suppose the following information was published by the Australian Bureau of Statistics in 2017: Item Amount (AUD billion) Household consumption 5,029.81 Government consumption 20,340.92 Exports 1,386.39 Value of cocaine seized at Sydney Airport 20,500 Value of intermediate goods in tractor 502,003 manufacturing Gross private domestic investment 352.69 Imports 386.95 Components used in the manufacture of cars 40,000 Gifts 15,236 Government investment 38.19 Value of second-hand goods 500.00 Value of banned endangered species elephant tasks 600.00 seized at Melbourne Airport Use the information provided to calculate Australia's GDP in 2017 (3 Marks) ANSWER iii)

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