Identify features of the economic business cycle. 1  Business cycles are identified as having four distinct phases: expansion, peak, contraction, and trough.  Business cycle fluctuations occur around a long-term growth trend and are usually measured by considering the growth rate of real gross domestic product.
Abstract: Rate of turn indicator for a nautical vessel, aircraft and the like indicating the rate of turn or swing in units such as degrees per unit of time from a particular course of travel.. Field of the Invention. The present invention relates to a navigational aid or nautical instrument, and more particularly, pertains to a rate of turn indicator for indicating the rate of turn from a course of travel for a vessel or other like vehicle.
Should you expect the price of a second-hand boat to be reduced if it doesnât have the appropriate paperwork? Thereâs no clear-cut answer to this. For many smaller lower value craft the vesselâs condition and level of equipment has a much greater bearing on its value than the 20 per cent VAT. On the other hand, itâs clear that a one-owner boat thatâs only a few years old will be reduced in value by the entire value of the VAT if the paperwork is not available. Unfortunately, there are also many cases in which the legal situation is not clear cut, especially as VAT on boats is a tax on a transaction â the sale or importation of goods or services â not on the vessel itself.