(i) Total output of goods and services (GNP).
• What determines the GNP level?
• Why is it that GNP grows at a lower rate in some years than in others?
(ii) Total employment and unemployment levels.
• What proportion of total population is unemployed?
• What determines levels of unemployment?
(iii) General price level.
• Shows cost of purchasing by a typical consumer
• Estimates inflation and anticipated effects
(iv) Balance of payment problem.
(v) Exchange rates.
Kavungya answered the question on August 10, 2021 at 05:30