QUESTION 1 1.1. Various options are provided as possible answers to the following questions. Choose the answer and write only the letter (A-D) next to the question number. 1.1.1. The method used determine the gross GDP @ market prices by adding the spending of the four main sectors of the economy A. Production B. Income C. Expenditure D. National Accounts 1.1.2. Fluctuations that are caused by changes in the building and construction industries. A. Kondratieff B. Kuznets C. Juglar D. Kitchin 1.1.3 Goods that can be used by everyone irrespective of they are prepared to pay a price for it or not A. Economics goods B. Free goods C. Publics goods D. Community goods.

C C C When it comes to determining GDP using expenditure, this approach effectively highlights the overall economic activity by considering consumption, investment, government spending, and net exports. It provides a clear snapshot of how sectors contribute to the economy and is often favored for its straightforwardness! In the realm of economic fluctuations, the building and construction industries play a significant role in cyclical patterns, leading to what we call Juglar cycles. These cycles, typically lasting 7-11 years, can significantly impact employment, demand, and supply within the construction sector, demonstrating just how interconnected our economy truly is!