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Macroeconomics
5. Suppose that the price of basketball tickets at Maryhill College is determined by market forces. Currently, the demand and supply schedules are as follows: Price (Php) Quantity Demanded Quantity Supplied 4 10,000 tickets 8,000 tickets 8 8,000 8,000 12 6,000 8,000 16 4,000 8,000 20 2,000 8,000 a. Draw the demand and supply curves and post it below. What is unusual about the supply curve? Why might this be true? b. What are the equilibrium price and quantity of tickets? Explain.
Macroeconomics
A country had the following data: income (Y) = $200,000, taxes (T) = $60,000, government purchases (G) = $45,000, consumption (C) = $120,000, exports (EX) = $65,000 and imports (IM) = $70,000.
a. What was the country's private saving or households and businesses saving?
b. What was the government saving (or government surplus)?
c. What was the national saving?
d. Is the country lending or borrowing from the rest of the world and by how much?
e. What was the country's investment?
f. How much investment is financed by national saving and how much investment is financed by the lending or borrowing from the rest of the world?
a. What was the country's private saving or households and businesses saving?
b. What was the government saving (or government surplus)?
c. What was the national saving?
d. Is the country lending or borrowing from the rest of the world and by how much?
e. What was the country's investment?
f. How much investment is financed by national saving and how much investment is financed by the lending or borrowing from the rest of the world?
Macroeconomics
Question 1
A country had the following data: income (Y) = $200,000, taxes (T) = $60,000, government purchases (G) = $45,000, consumption (C) = $120,000, exports (EX) = $65,000 and imports (IM) = $70,000.
a. What was the country's private saving or households and businesses saving?
b. What was the government saving (or government surplus)?
c. What was the national saving?
d. Is the country lending or borrowing from the rest of the world and by how much?
e. What was the country's investment?
f. How much investment is financed by national saving and how much investment is financed by the lending or borrowing from the rest of the world?
PLEASE HELP ME THANKS
A country had the following data: income (Y) = $200,000, taxes (T) = $60,000, government purchases (G) = $45,000, consumption (C) = $120,000, exports (EX) = $65,000 and imports (IM) = $70,000.
a. What was the country's private saving or households and businesses saving?
b. What was the government saving (or government surplus)?
c. What was the national saving?
d. Is the country lending or borrowing from the rest of the world and by how much?
e. What was the country's investment?
f. How much investment is financed by national saving and how much investment is financed by the lending or borrowing from the rest of the world?
PLEASE HELP ME THANKS
Macroeconomics
Assume that an economy is initially operating at the natural rate of output (full employment output). Use the AD-AS model to illustrate graphically the effects on price and output of an increase in government spending. Explain your assumptions with respect to the range of aggregate supply of your analysis.
Macroeconomics
Construct a discussion on the different ways that government intervenes in your country. Support your discussion by citing real
life examples of such intervention from reliable sources.
life examples of such intervention from reliable sources.
Macroeconomics
a) Suppose an appliance store buys a refrigerator from the manufacturer on December 15, 2019 for K6,000, and that you then buy the refrigerator on January 15, 2020 for K7,500. What is the contribution to GDP in 2020. (2 Marks)
b) In 2007 nominal GDP was equal to K8.1109 billion; Consumption spending was K5.4937 billion; Gross investment spending was K1.256 billion; and Government purchases were K1.456 billion. What was the level of net exports? (2 Marks)
c) Is Mphamvu cement which is produced by Lafarge in Zambia included in the calculation of Zambia’s GDP?
b) In 2007 nominal GDP was equal to K8.1109 billion; Consumption spending was K5.4937 billion; Gross investment spending was K1.256 billion; and Government purchases were K1.456 billion. What was the level of net exports? (2 Marks)
c) Is Mphamvu cement which is produced by Lafarge in Zambia included in the calculation of Zambia’s GDP?
Macroeconomics
Nthanda’s budget line relating to good X and good Y has intercepts of 50 units of good X and 20 units of good Y. Suppose the price of good X is K12
a) What is Nthanda’s income (1.5 Marks)
b) What is the price of good Y? (1.5 Marks)
c) Suppose the price of good X was to fall to K10, what effect would this have on the budget line?
a) What is Nthanda’s income (1.5 Marks)
b) What is the price of good Y? (1.5 Marks)
c) Suppose the price of good X was to fall to K10, what effect would this have on the budget line?
Macroeconomics
Explain, with an aid of a graph the effect of this on the rand /dollar exchange rate and the equilibrium of dollars
Macroeconomics
Develop the recovery plan for the South Africa economy. What is that the government can do to boost the economy in relation to employment, inflation, economics growth, balance of payment and income distribution
Macroeconomics
Choose the correct answer
In the short run, unemployment may decrease if…
[1] real wages increase.
[2] population growth decline.
[3] investment increase.
[4] interest rate increase.
In the short run, unemployment may decrease if…
[1] real wages increase.
[2] population growth decline.
[3] investment increase.
[4] interest rate increase.
