Salma Ahmed
English Lit. GCSE Student
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which is ONLY spending on final goods and services (e.g. wages and
- Words:
- 776
- Submitted:
- Mon Jun 06 2005
Have a little read: ... Data response: The Japanese government approves a plan of economic recovery valued at nearly 8 billion pesetas A. i) The meaning of economic recovery is to say that the Japanese government intended to bring the economy back to equilibrium level of income, by using fiscal policy, in this case they were using government spending to stimulate the economy. ii.) GDP is a measure of national income before property income from abroad and depreciation have been accounted for. It is the total value of final goods and services consumed within a country in a year. GDP counts income according to where it is earned rather than who owns the factors of production. One common measure of individual wealth is GDP per capita, which is total GDP divided by population. iii.) Injections comprise of Government spending which is ONLY spending on final goods and services (e.g. wages and salaries, and building maintenance etc.), Investments which is the
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