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The following table shows real GDP from 1991 through 1999 for a hypothetical economy.On a graph that measures real GDP on the vertical axis and time on the horizontal axis,plot real GDP using the data in the table.Draw in potential GDP and show the peak,recession,trough,and recovery phases of this business cycle.
Capital
It refers to financial assets or the financial value of assets, such as funds held in deposit accounts and/or funds obtained from special financing sources.
Revenue
The total income generated from normal business operations, including sales of products and services before any expenses are subtracted.
Liabilities
Debts or obligations of a business that arise during the course of its operations.
Withdrawals
Refers to the act of taking money out of a bank account, or in the context of partnerships, amounts taken out by partners for personal use.
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