Macroeconomics Answers

Assume that in an economy with taxes and imports, the MPC = 0.75, t=0.25 and m = 0.3. The multiplier is

Assume that as part of its 2018/2019 budget, the south African government has earmarked infrastructure development as one of its key focus area for the Fiscal year. Applying this information within the Keynesian framework, the unplanned increase in government spending will

If marginal propensity to save is 0.6 and the government decreases its spending by R50 billion, then south africa ' s real GDP or total income will

If marginal propensity to save is 3/4, then the marginal propensity to consume is

You are told that lebogang consumes half of every extra rand she receives. In addition, she receives R50 monthly as student living allowance from the south African government. The expression for consumption functions can be written as

The decision by a firm to invest is based upon the following, except

Tom is a full-time lecturer at a private higher education institution and is considering a career in carpentry. He wishes to pursue a career in carpentry (a childhood dream) which he has studied part-time and is now equipped to take on clients. In his current position he earns a rate of $1000 per day and if he were to pursue a career in carpentry he would earn $800 per day. Due to the flexibility of the employment conditions at the higher education institution he works for, Tom can negotiate the number of days he works at and will receive a rate of remuneration based on the number of days worked.
1. Construct a production possibility frontier to illustrate Tom’s earnings potential between the two careers if initially he was not working as a carpenter, then he worked one week per month, then two, then three and finally four weeks per month (assuming only four weeks in a month).

Given the following consumption function: C= 100+ 0.2y. If income is equal to R2000 consumption will be

Calculate GDP at factor given
Given NNP at market price=3200
NFIA =200
Depreciation =1000
Indirect tax=500
Subsidies=300

Given GDP at market price=12000, depreciation = 1500,subsidies =300
Calculate NDP at factor cost