Macroeconomics Answers

Assignment 1
As a member of Ghana’s economic planning team for the 2020 fiscal year, answer the under
listed questions (a & b) given that:
Y = C + I + G + X - M....................................................... (1)
C = 0.8Yd............................................................................ (2)
M = 0.2Yd........................................................................... (3)
Yd = (1-t)Y.......................................................................... (4)
Additional information: t = 0.2Y (tax rate), G = 400 (government spending), X = 280
(exports) and I = 300 (investment)
(a) Solve for the equilibrium level of national income
(b) Assume a marginal propensity to import (my) of 0.3 and solve for the new
equilibrium national income

In 2010 Wisconsin went from a closed shop state to a right to work state. Teachers' unions disliked the change and protested violently. Paul Krugman, a Nobel Prize winner, Princeton economic professor, wrote an article against the change and in support of the unions. He looked at a study from the federal department of education that showed that k-12 average test scores in Wisconsin were higher than in Texas, a right to work state with non-unionized teachers. Two economists from the University of Chicago which has on the top economic departments in the country, broke the same data down by race and found that Asians in Texas had higher avg test scores than in Wisconsin, Caucasians in Texas had higher average test scores than in Wisconsin, African-Americans in Texas had higher average test scores than in Wisconsin and Hispanics in Texas has higher average test scores than in Wisconsin. Both sides made correct statements. How can they be reconciled and what does it say about Krugman's argument?

What were 3 of the most serious consequences of the shutdown, and why were they so serious?

A market for electricity is in equilibrium in bangladesh at a point where both supply and demand curves intersect each other. If the following events ( price factors or non price factor of demand or supply) take place into the market of electricity then how it will effect equilibrium point, equilibrium price and equilibrium quantity of electricity in bangaldesh. Use graphical representation for each case seperately to answer your question. Label and interpret each daigram

1. Electricity tarrifs are decreased by the government in bangladesh

A market for electricity is in equilibrium in bangladesh at a point where both supply and demand curves intersect each other. If the following events ( price factors or non price factor of demand or supply) take place into the market of electricity then how it will effect equilibrium point, equilibrium price and equilibrium quantity of electricity in bangaldesh. Use graphical representation for each case seperately to answer your question. Label and interpret each daigram

1.govt. of bangladesh has imposed ban on installation of solar pannels

A market for electricity is in equilibrium in bangladesh at a point where both supply and demand curves intersect each other. If the following events ( price factors or non price factor of demand or supply) take place into the market of electricity then how it will effect equilibrium point, equilibrium price and equilibrium quantity of electricity in bangaldesh. Use graphical representation for each case seperately to answer your question. Label and interpret each daigram

1.govt. of bangladesh is unable to protect investor's life in pandemic COVID-19

Why was the U.S. government partially shutdown for almost 5 weeks last year?

A market for electricity is in equilibrium in bangladesh at a point where both supply and demand curves intersect each other. If the following events ( price factors or non price factor of demand or supply) take place into the market of electricity then how it will effect equilibrium point, equilibrium price and equilibrium quantity of electricity in bangaldesh. Use graphical representation for each case seperately to answer your question. Label and interpret each daigram

1.During the new fiscal year, bangladesh govt. Has decided to decrease the proportion of direct personal tax

A market for electricity is in equilibrium in bangladesh at a point where both supply and demand curves intersect each other. If the following events ( price factors or non price factor of demand or supply) take place into the market of electricity then how it will effect equilibrium point, equilibrium price and equilibrium quantity of electricity in bangaldesh. Use graphical representation for each case seperately to answer your question. Label and interpret each daigram

1.Govt. of bangladesh opens up doors for research and development for all the firms to produce cheap electricity in bangladesh

A market for electricity is in equilibrium in bangladesh at a point where both supply and demand curves intersect each other. If the following events ( price factors or non price factor of demand or supply) take place into the market of electricity then how it will effect equilibrium point, equilibrium price and equilibrium quantity of electricity in bangaldesh. Use graphical representation for each case seperately to answer your question. Label and interpret each daigram

1.when the overall prices of the factors of electricity increase