Less than 1 week –
30+ hrs/week –
URGENT ,, kindly check the pdf attached for complete task
Table 1 reports data from the national accounts of a closed economy. The economy is limited to households, firms and a government sector, where total current government expenditure is equal to total current revenue (from taxation). Explaining your answers, calculate:
• i.government expenditure as a percentage of GDP
• ii.household savings as a percentage of GDP.
• b.Consider a collapse in household confidence, say due to the onset of ...