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Difference between Consumer price index and Sensitive price index
and X If the price of X1 is Bin 100 and the price of X2 is Birr 120 per unit
A. Show the effect of fall in income to Birr 8.000 on the vertical intercept, horizontal intercept and
slope of the budget line
B. Show the effect if the price of good X1 decreases to 60 birr per unit as price of X2 holds constant
C.Show the effect if the price of good X2 decreases to Wire 100 bir per unit as price of good
remains constant
D. Show the effect on the budget line if prices of both commodities changed proportionately
Convert from nominal to real and calculate economic growth for the applicable years:
2011 2012 2013 2014 2015
20K 23K 25K 28K 30K
10% 9% 10% 8%
. Suppose a series of terrorist attacks destroy half the capital in the United States but does not affect the population. What will happen to potential output and to the real wage?
Is economic nationalism justified? Is the Smoot-Hawley plan better or worse than “Buy American”? “Buy Spanish”? Or “British jobs for British workers”? Explain fully. Which viewpoint do you support, and why? Use the Internet to learn more about this issue and come up with your own argument.
if income increases from R1500 to R2000 and the marginal propensity to consume is 0.8, the new level of consumption will be?
(a) R3500.
(b) R400.
(c) R1400.
(d) R500.
(e) Not enough information has been provided.
If income increases from R1500 to R2000 and the marginal propensity to consume is 0.8, the new level of consumption will be?
(a) R3500.
(b) R400.
(c) R1400.
(d) R500.
(e) Not enough information has been provided.
a)Discuss the major causes of inflation in reference to your country b)As a student of Macroeconomics, provide possible solutions to the above in your country
A consumer has set of budget of $800 for the consumption of good X a d Y. The price of Good X is $10 and the price of good Y is $40.The consumer has a utility function given by U (X,Y)
= X(0.80)Y(0.20).Find the optimal soloution using a methof that does not involves equations and illustrate the soloution?
