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Question 5 Fred has two (2) businesses. The economic slowdown in 2020 decreased sales in his new car dealership but the sales in his fruit

Question 5

  1. Fred has two (2) businesses. The economic slowdown in 2020 decreased sales in his new car dealership but the sales in his fruit and vegetable shop remained steady. Explain, using business cycle terminology, why are Fred's businesses affected differently. 2 Marks

What indicator does the government use to predict economic changes over the coming six months? In your answer, explain two (2) variables used in this indicator.

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