Documents Business Cycle Peak Trough One Cycle Expansion [Real GDP per year] Peak: Peak: real GDP reaches its....

Business Cycle Peak Trough Expansion [Real GDP per year] Peak: real GDP reaches its maximum. Recession: real GDP declines 6 months. Expansion: an upturn - real GDP rises.…

Documents National Income

National Income Powerpoint produced by Rachel Farrell Sources of information: SEC Marking Schemes & newspaper articles Syllabus Determination of National Income and its…