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6. Economists sometimes look at some creative statistics that they consider to be indicators of what is to occur with respect business and/or economic cycles.

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6. Economists sometimes look at some creative statistics that they consider to be indicators of what is to occur with respect business and/or economic cycles. Given the following statistics, state whether they are likely to vary in the same direction or opposite direction to the business cycle. (1 Mark each - explain with a sentence) a. sales of romance novels b. registrations with online dating services c. cosmetic surgery bookings 7. While a recession or a depression negatively affects just about every sector, industries that make capital goods or durable consumer goods, such as automobiles and appliances, are the hardest hit This is because purchases of these products can be postponed until after the downturn has ended. a) What sectors are least affected by a downtum? (2 Marks explain with a sentence) b) Which sectors were least affected by the pandemic ( 2 Marks explain with a sentence)

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