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Macroeconomics is the study of economy as a whole. What are the variables that figure in the study of economy as a whole? How do these variables interact?
suppose that in given year in closed economy with goverment,private and public sector enterpries produced goods and services worth 10 lakhs i.e aggregate GVA in the given year was rs 10 lakhs . they sold in th same year goods and service of rs 8 lakhs to households and rs 5 lakh to goverment administration and defence . besides goverment administration and defence paid rs 10 lakhs in wages and salaries and rs 1 lakh in interest to households. what is the aggregate gross investment of the firms in the given year? calculate GDP of the economy by the expenditure method.
Use the IS-LM-BP model (assuming perfect capital mobility) to show that under fixed exchange rates, monetary policy does not work.
"The global crisis that had its roots in the 2007 meltdown in the U.S. mortgage market is a good case study in fiscal policy." This is partly because of the way government tax revenues and expenditures adjusted to make the recession less severe. Discuss.
how are borrowers and lenders affected when the nominal rate is 9%, the inflation premiums on loans is 3% and the actual rate of inflation is 4%
What is equilibrium
Assume that the demand for capital is determined by the equation K* = 0.25 Y /rc. The
nominal interest rate is %12, the inflation rate is %6 percent, and
capital depreciates at %10 percent per year.
a. Initially, income is $16,000. What is the desired capital stock?
b. Now income doubles. What is the new desired capital stock?
c. Given the simple accelerator model of investment, what is the rate of net investment?
Gross investment?
The chart below illustrates the cumulative confirmed deaths by COVID-19 just before what looks to be a potential third wave of the pandemic in South Africa. There have been 56 363 confirmed deaths in South Africa alone from COVID-19 as of 30 May 2021. Use specifically the Solow growth model to discuss the implications of this pandemic on the prospects of long-run economic growth for South Africa.
Use specifically the Solow growth model to discuss the implications of this pandemic on the prospects of long-run economic growth for South Africa.
The chart below illustrates the cumulative confirmed deaths by COVID-19 just before
what looks to be a potential third wave of the pandemic in South Africa. There have
been 56 363 confirmed deaths in South Africa alone from COVID-19 as of 30 May
2021.
Use specifically the Solow growth model to discuss the implications of this pandemic
on the prospects of long-run economic growth for South Africa.
