Macroeconomics Answers

1.      What is the relationship between the mpc, the mpc_d and the mpw?

2.      At national income of $20B. how much would be consumed if the MPC is ¾?

If the MPM is 60%, how much is consumed domestically

what are the savings and investment when the GDP is $1,000 consumption is $600 taxes are $100 and the government purchases is $200?

Calculate the rate the infilation rate of the economy if the consumer price index for 2019 is 100.

Is energy commodity an essential good? Why

demonstrate mathematically the rule of atomistic competition for energy commodity that each supplier determines its production according to the marginal cost equals price .

Afterwards,

Explain the demand side of the energy market situation

1.Define nominal exchange rate and real exchange rate.

2.What are the two main types of exchange-rate systems?

3.What explains the behavior of net exports represented by the J curve?

4.How does real exchange rate affect net exports? Explain and give one example.

Explain the fallacies of the following statement GNP is always greater than GDP

Which of the following is likely to cause Jamaica’s consumption function to shift upwards?

Which of the following is likely to cause Jamaica’s consumption function to shift upwards?

Use the Keynesian-cross diagram of desired demand and output to illustrate and explain the impact on the IS curve of a down in taxes