Convincing Features
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Question 1
Analyze and explain the shape of the business cycle of your chosen country. At each inflection point, explain the factors that contribute to changes in the economic landscape. (25 marks)
Question 2
An economic cycle is something that is unavoidable by any country by any means. Explain the importance of knowing the economic cycle and the related impact. Also, explain measures that are generally employed to overcome unintentional expansion or recession phase of the economic cycle. (25 marks)
Question 3
While GDP is a widely used indicator for measuring the overall economic activity of a nation, it is not a perfect measure for economic well-being. Using illustrations and samples, explain why GDP is not the perfect measure for economic well-being.
Question 4
If the GDP isn’t the perfect measure, suggest one indicator or index in your view that can measure economic well-being. Do explain the rational of you choosing the said indicator to replace GDP as a measure of economic well being.
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