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Macroeconomics
Explain how the inflation rate, that is usually reported every month in the media, is obtained.2
Macroeconomics
Statistics South Africa reported the following data for 2012. Labor force. 17 948 000. Employment, 13 422 000, working age population, 32 786 000.
(a) Calculate unemployment?2
6. UK’s real GDP was 1 360 trillion pounds [£] in 2009 and 1 434 trillion pounds in 2010. UK’s population was 191.5 million people in 2009 and 193.3 million in 2010.
Calculate.
(a) Economic growth.3
(a) Calculate unemployment?2
6. UK’s real GDP was 1 360 trillion pounds [£] in 2009 and 1 434 trillion pounds in 2010. UK’s population was 191.5 million people in 2009 and 193.3 million in 2010.
Calculate.
(a) Economic growth.3
Macroeconomics
Statistics South Africa reported the following data for 2012. Labor force. 17 948 000. Employment, 13 422 000, working age population, 32 786 000.
Macroeconomics
Describe in detail the externality that arises from a plastic bag
Macroeconomics
Do you think it is the right thing to do to charge industries that pollute the air?
Macroeconomics
Explain the difference between expenditure on gross domestic product (GDP) and gross domestic expenditure (GDE) using the formula.
Macroeconomics
Consider the following numerical example of the simple Keynesian model with no government spending, taxes, or a foreign sector (all figures in R millions):
C = 100 + 0,9Y
I = 50
Answer the following questions.
(a) What is the value of the marginal propensity to consume (MPC) in this model?
(b) Use a graph to illustrate the equilibrium level of output.
(c) Calculate the equilibrium level of output.
(d) In equilibrium, what is the value of consumption spending? Use this number to verify that the sum of C and I in equilibrium equals the value for equilibrium output you obtained above.5
(e) What is the value of the multiplier in this economy?
(f) Suppose the level of output that creates full employment in the economy is 1 800. Using the multiplier, determine the level of investment spending that would create full employment in this economy.
C = 100 + 0,9Y
I = 50
Answer the following questions.
(a) What is the value of the marginal propensity to consume (MPC) in this model?
(b) Use a graph to illustrate the equilibrium level of output.
(c) Calculate the equilibrium level of output.
(d) In equilibrium, what is the value of consumption spending? Use this number to verify that the sum of C and I in equilibrium equals the value for equilibrium output you obtained above.5
(e) What is the value of the multiplier in this economy?
(f) Suppose the level of output that creates full employment in the economy is 1 800. Using the multiplier, determine the level of investment spending that would create full employment in this economy.
Macroeconomics
Consider the following numerical example of the simple Keynesian model with no government spending, taxes, or a foreign sector (all figures in R millions):
C = 100 + 0,9Y
I = 50
Answer the following questions.
(a) What is the value of the marginal propensity to consume (MPC) in this model?
(b) Use a graph to illustrate the equilibrium level of output.
(c) Calculate the equilibrium level of output.
(d) In equilibrium, what is the value of consumption spending? Use this number to verify that the sum of C and I in equilibrium equals the value for equilibrium output you obtained above.5
(e) What is the value of the multiplier in this economy?
(f) Suppose the level of output that creates full employment in the economy is 1 800. Using the multiplier, determine the level of investment spending that would create full employment in this economy.
C = 100 + 0,9Y
I = 50
Answer the following questions.
(a) What is the value of the marginal propensity to consume (MPC) in this model?
(b) Use a graph to illustrate the equilibrium level of output.
(c) Calculate the equilibrium level of output.
(d) In equilibrium, what is the value of consumption spending? Use this number to verify that the sum of C and I in equilibrium equals the value for equilibrium output you obtained above.5
(e) What is the value of the multiplier in this economy?
(f) Suppose the level of output that creates full employment in the economy is 1 800. Using the multiplier, determine the level of investment spending that would create full employment in this economy.
Macroeconomics
Q5 Consider the following data on Malaysia's GDP :
Year Norminal GDP (in billion) GDP deflator
2005 495,239 189
2006 546,343 197
a) what is the growth rate of norminal GDP between 2005 and 2006 ( note: the growth rate is the percentage change from one period to the next )
b) what is the growth rate of the GDP deflator between 2005 and 2006?
Year Norminal GDP (in billion) GDP deflator
2005 495,239 189
2006 546,343 197
a) what is the growth rate of norminal GDP between 2005 and 2006 ( note: the growth rate is the percentage change from one period to the next )
b) what is the growth rate of the GDP deflator between 2005 and 2006?
Macroeconomics
Q1. What components of GDP ( if any) would each of the following transactions effect? explian.
a) a family buys a new refrigerator
b) aunt jorah buys a new house
c) proton sells a perdan from its inventory
d) you buy a roti canai
e)PLUS repaves North-South highway
f) your parents buy a bottle of French wine
g) Toyota expands its factory in Shah Alam, Selangor
a) a family buys a new refrigerator
b) aunt jorah buys a new house
c) proton sells a perdan from its inventory
d) you buy a roti canai
e)PLUS repaves North-South highway
f) your parents buy a bottle of French wine
g) Toyota expands its factory in Shah Alam, Selangor
