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Macroeconomics
15. Which industry was the largest contributor to the decline in GDP for first quarter of 2017?
Macroeconomics
Explain, using the AD‐AS model, how the South African Government can use
fiscal policy as a tool to recover from the negative effects of this COVID‐19
pandemic.
fiscal policy as a tool to recover from the negative effects of this COVID‐19
pandemic.
Macroeconomics
b. Analyze how much Pakistan’s GDP and each of its components is affected by the following transactions? Explain your answers (2.5 Marks, Maximum 200 words).
i. Toyota Motors issues new shares to finance the construction of an automobile plant in Pakistan.
ii. Your friend wins Rs.2 million in the lottery in Dubai
iii. Rabia spends Rs.1500 to buy her husband dinner at the finest restaurant in Karachi
iv. General Motors builds Rs.40 million worth of cars, but consumers only buy Rs. 38 million worth of them.
i. Toyota Motors issues new shares to finance the construction of an automobile plant in Pakistan.
ii. Your friend wins Rs.2 million in the lottery in Dubai
iii. Rabia spends Rs.1500 to buy her husband dinner at the finest restaurant in Karachi
iv. General Motors builds Rs.40 million worth of cars, but consumers only buy Rs. 38 million worth of them.
Macroeconomics
b. In each case of following cases, does the increase in prices affect CPI, GDP deflator, or both in Pakistan? Analyze and Justify your answer. (3 Marks, Maximum 150 words)
i. The price of imported Belgian chocolate has increased.
ii. The price of imported equipment used in industrial level ice-cream production has increased.
iii. The price of Millat Tractors has increased.
i. The price of imported Belgian chocolate has increased.
ii. The price of imported equipment used in industrial level ice-cream production has increased.
iii. The price of Millat Tractors has increased.
Macroeconomics
Before June 2020, the labor market in Pakistan was at equilibrium with an equilibrium wage (W
E) of Rs. 15,000 and equilibrium quantity of labor (LE) 10 million. In the last week of June, 2020, government of Pakistan imposed a minimum wage Act raising the minimum wage to Rs. 20,000. Using a graph, explain the effect of imposition of minimum wage on unemployment in labor market of Pakistan
E) of Rs. 15,000 and equilibrium quantity of labor (LE) 10 million. In the last week of June, 2020, government of Pakistan imposed a minimum wage Act raising the minimum wage to Rs. 20,000. Using a graph, explain the effect of imposition of minimum wage on unemployment in labor market of Pakistan
Macroeconomics
Explain and analyze different government policies which affect the unemployment rate in Pakistan?
Macroeconomics
a. Suppose the number of employed people in Pakistan is 20.5 million. The unemployment rate in this economy is 8.8 percent, and the labor force participation rate is 65 percent. (1.5 Marks)
i. What is the size of the labor force and working-age population?
ii. How many people are unemployed?
Macroeconomics
Graphical illustration of the demand pull inflation and provide any three of your own examples/scenario that might cause the demand pull inflation and recommend the policy tools to use in order to curb each type of inflation
Macroeconomics
Consumption function :C=200+0.9yd
Investment function :1=100
Government spending: G=250
Exports X=200
Imports 2= 50+0.12Y
Tax rate : T=20%
Calculate total autonomous expenditure
2.Hence using multiplier approach, calculate the equilibrium level of income Graphically illustrate it
3. Does government's budget exhibit a deficit or surplus? assume that the government collects income by means of taxes only
Investment function :1=100
Government spending: G=250
Exports X=200
Imports 2= 50+0.12Y
Tax rate : T=20%
Calculate total autonomous expenditure
2.Hence using multiplier approach, calculate the equilibrium level of income Graphically illustrate it
3. Does government's budget exhibit a deficit or surplus? assume that the government collects income by means of taxes only
Macroeconomics
'There is a high cross elasticity of demand between new and old cars'. Discuss the statement by explaining the features of cross elasticity of demand , also compare and contrast elasticity with other types of elasticities of demand
