4. to convert GNP at factor cost to GNP at market price it is necessary to add

a. indirect tax and subtract subsiders

b. expenditure on imports

c. gross trading profits of companies

d. current and capital expenditure by the central government

5. a four-sector economy is referred as

a. a closed economy

b. an open economy

c. a simple economy

d. an injection in economy

6. Cyclical unemployment exist because

a. some workers have lost their jobs during a recession

b. some workers have lost their jobs due to seasonal factors

c. some workers quit their job to look for another job

d. some workers lack marketable job skills

No copy paste answer