Search & Filtering
The relationship between the price level and the real output of goods and services in the economy without full adjustment or full information is represented by
If we produce the same output with more labour hours then Productivity relates to
) Prepare a table and line graph showing the unemployment and economic growth rate for Barbados and developed country Canada for the last 5 years. Examine the relationship observed between the two countries.
b) Identify THREE public policies that can stimulate employment and facilitate economic growth in an economy.
Use examples to clearly illustrate how EACH policy can stimulate employment and facilitate economic growth in your country.
(a) Explain the criticism of life cycle theory of consumption. (5 marks)
(b) Macroeconomic models are simplified explanations or theories of how the economy works.
Discuss the importance of economic models. (5 marks)
Suppose you are given the following information about some hypothetical economy
and its national income accounts. Use this information to answer the questions that
follow. (Amounts are in millions of Kshs.)
Indirect Business Taxes 459.50
Corporate profits 604.45
Corporate profits taxes 234.70
Retained earnings 165.40
Proprietors' income 519.20
Rental Income 31.05
Net Interest 585.55
Exports 842.85
Imports 1190.20
Income Receipts from rest of world 427.8
Income Payments to rest of world 377.45
Net National Product 6190.4
Government expenditures for Goods and Services 1358.25
Personal current Transfer receipts 871.15
Social Security Taxes (employee & employer) 490.75
Personal Consumption expenditures 4892.85
Gross Private Domestic Investment 1082.45
Disposable personal income 5128.75
a. Find GDP (3 marks)
b. Find GNP (2 marks)
c. Find depreciation (capital consumption allowance) (2 marks)
d. Find National Income (3 marks)
In Keynesian macroeconomic framework, how do factors other than income affect consumption and investment? Can multiplier effect be significant if Keynesian Psychological Law is violated under some circumstances?
Medical billing must be done according to the procedures of the insurers. If the billing is not submitted following the codes and considerations of the insurers, it is possible that the doctor will not receive the corresponding payment for the services provided. For this reason, doctors hire the services of people who have received training in how to do medical billing. A general practitioner located in San Juan sees an average of 84 patients a day on a daily basis. He has set his AQL at 0.040%. The normal sampling plan that was designed to audit patient records at the end of the day is as follows:
Letter E, n = 13, ac = 0, re = 1
Letter E, n = 84, ac = 0, re = 1
Letter F, n = 20, ac = 0, re = 1
Letter M, N = 84, ac = 0, re = 1
Distinguish between economic growth and economic development. Why economic growth is necessary but not a sufficient condition for economic development
Which of the following statements describes the effect of the South African Reserve Bank selling government bonds?
I.The money supply decreases and the interest rate increases.
II.The money supply increases and the interest rate decreases.
III.There is a decrease in equilibrium output in response to the increase in the interest rate.
IV.There is an increase in equilibrium output in response to the decrease in the interest rate.
Group of answer choices
(I) and (III) only.
(II) and (IV) only.
II) only.
(II) and (III) only.
To counteract a recession, the SARB could:
Group of answer choices
Sell government securities on the open market and raise the repo rate.
Buy government securities on the open market and lower the required reserve ratio.
Buy government securities on the open market and raise the required reserve ratio.
Raise the required reserve ratio and lower the repo rate.
