Macroeconomics Answers

Suppose that the monetary base increased by $1.1 billion. If Required reserve ratio and currency deposit ratio called by the public was 20% and 15% respectively. Calculate the increase in money supply.

According to the Keynesian consumption function, a decrease in income will cause in savings and_______in consumption.

Assuming that tax revenues are $7 Billion and Consumption is $60 Billion How much is the level of savings? (5mks)

Suppose a woman marries her chief manservant. After they are married, her husband continues to wait on her as before, and she continues to support him as before (but as a husband rather than as an employee): How does marriage affect GDP?

Assume that the rand/dollar exchange rate is above the equilibrium exchange rate. This will lead to a

Provide a brief explanation on how the South African economic growth had been performing

since 2000. Further, what conclusions can be drawn from fuel tax increase effects on the

economic growth and public social welfare.

Discuss the fuel tax increase impact the economic growth of S.A

Discuss the fuel tax increase impact the public social welfare

Briefly discuss the relationship between increase on fuel taxes and public social welfare as

well as economic growth in South Africa, make reference to other studies/literature