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Macroeconomics
Using an appropriate diagram, discuss the economic effects of a tariff
Macroeconomics
When is a supply curve most elastic in nature? Discuss why this is the case?
Macroeconomics
Which one of the following is not a demand factor in economic growth?
1) Investment
2) Consumption
3) Exports
4) Technology
1) Investment
2) Consumption
3) Exports
4) Technology
Macroeconomics
Which one of the following is NOT one of the problems associated with GDP?
1) Negative externalities
2) Commercial farming
3) Illegal trade
4) Prostitution
1) Negative externalities
2) Commercial farming
3) Illegal trade
4) Prostitution
Macroeconomics
Inward industrialisation involves......
1) The increase in domestic demand with the view to enable an economy to export goods that were previously imported
2) The use of import tariffs to encourage the local production of goods that were previously imported
3) The increase in domestic demand with the view to provide the basic consumer goods to the underprivileged members of the society
4) The substitution of local industries with foreign industries i order to reduce the costs of production in the economy
1) The increase in domestic demand with the view to enable an economy to export goods that were previously imported
2) The use of import tariffs to encourage the local production of goods that were previously imported
3) The increase in domestic demand with the view to provide the basic consumer goods to the underprivileged members of the society
4) The substitution of local industries with foreign industries i order to reduce the costs of production in the economy
Macroeconomics
In the business cycle, an economic contraction occurs....
1) At the peak
2) Between the peak and the trough
3) At the trough
4) Between the trough and the peak
1) At the peak
2) Between the peak and the trough
3) At the trough
4) Between the trough and the peak
Macroeconomics
Real GDP per capita growth is calculated by...
1) Real GDP divided by the population
2) Rate of change in nominal GDP
3) Nominal GDP multiplied by the population growth rate
4) Rate of change in real GDP per capita
1) Real GDP divided by the population
2) Rate of change in nominal GDP
3) Nominal GDP multiplied by the population growth rate
4) Rate of change in real GDP per capita
Macroeconomics
The phillips curve shows that a decrease in aggregate demand will result in....and....
1) A decrease in unemployment rate; a decrease in inflation rate
2) An increase in unemployment rate; a decrease in inflation rate
3) An increase in unemployment rate; a decrease in inflation rate
4) A decrease in unemployment rate; an increase inflation rate
1) A decrease in unemployment rate; a decrease in inflation rate
2) An increase in unemployment rate; a decrease in inflation rate
3) An increase in unemployment rate; a decrease in inflation rate
4) A decrease in unemployment rate; an increase inflation rate
Macroeconomics
What will happen to the unemployment rate and the inflation rate if the SARB decides to increase the interest rate?
1) The unemployment rate will decrease and the inflation rate will increase
2) The unemployment rate will increase and the inflation rate will decrease
3) Both the unemployment rate and the inflation rate will increase
4) Both the unemployment rate and the inflation rate will decrease
1) The unemployment rate will decrease and the inflation rate will increase
2) The unemployment rate will increase and the inflation rate will decrease
3) Both the unemployment rate and the inflation rate will increase
4) Both the unemployment rate and the inflation rate will decrease
Macroeconomics
During an upswing phase, cyclical unemployment will...and inflation will...
1) Increase; decrease
2) decrease; decrease
3) decrease; increase
4) increase; increase
1) Increase; decrease
2) decrease; decrease
3) decrease; increase
4) increase; increase
