ECO100 Economics for Business – What does GDP stand for? GDP= C + I + G + X -M so C consumer…

a. How is a macro economy managed through its cyclical changes? b. How is this management currently set in 2019 in Australia and, c. What are the reasons behind these settings? How is a macro economy managed through its cyclical changes? The basic thing to include here is an analysis using the diagrams described below: 1. What does GDP stand for? GDP= C + I + G + X -M so C consumer spending I investment spending G government spending and X exports sold overseas are the main sources of growth in an economy. G GROSS (total) D DOMESTIC. P PRODUCT It is the $ value of all products produced in one country in one year The trade cycle diagram shows the causes, Consequences and Policy Cures for changes in the macro-economy

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