a) The figures below show a particular countrys nominal GDP for last year (all figures in $billion).

Private consumer expenditure = $1,205

Government consumption expenditure = $680

Gross domestic fixed capital formation = $1,150

Domestic exports of goods = $850

Imports of goods = $940

Domestic exports of services = $1,100

Imports of services = $1,700

Calculate the value of the countrys gross domestic product (GDP) at market prices.

b) To what extent does increased economic activity improve economic well-being at the cost of sustainability?

c) Humans have to work to live, but do not generally aspire to live to work. How can we know what true worklife balance really is?

d) Using an appropriate diagram, explain the impact of an increase in business taxes on short run aggregate supply

e) With the use of an appropriate ADAS diagram, explain the impacts on the domestic economy of an increase in net exports.

f)With the use of an appropriate ADAS diagram, explain the impact of a major global financial crisis on the domestic economy.

g)