Distinguish between changes in money and real gnp what are

Question

1 Distinguish between changes in money and real GNP.

2 What are the main leakages and injections into the circular flow of income?

3 What is meant by the TIM and what determines its size?

4 Outline the main steps involved in constructing a tourism price index.

Answer 1

Properly read all the questions illustrated below and submit a paper in a comprehensive paper using the Times New Roman. Question 1: Differentiate between changes in money and real GNP. Question 2: Illustrate the main leakages and injections to the circular flow of income? Question 3: What do you meant by the term TIM and what determines its size? Question 4: Summarize the major steps comprised in constructing a tourism price index.