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Macroeconomics
5. Which of the following statements regarding the balance of payments are correct?
a. When the South Africans export their financial and insurance services, this transaction
is entered in the financial account.
b. A current account surplus implies that the exports exceed the imports.
c. An appreciation of the rand will worsen the deficit on the current account of the balance
of payments.
[1] a and b
[2] a and c
[3] b and c
[4] b
[5] All the statements are correct.
a. When the South Africans export their financial and insurance services, this transaction
is entered in the financial account.
b. A current account surplus implies that the exports exceed the imports.
c. An appreciation of the rand will worsen the deficit on the current account of the balance
of payments.
[1] a and b
[2] a and c
[3] b and c
[4] b
[5] All the statements are correct.
Macroeconomics
Which one of the following regarding the demand for money is correct?
[1] The speculative demand for money is a function of the income level and the interest
rate.
[2] The transactions demand for money is inversely related to the interest rate.
[3] The position of the money demand curve is determined by the income level.
[4] An increase in interest rate will result in a decrease in the precautionary demand for
money.
[1] The speculative demand for money is a function of the income level and the interest
rate.
[2] The transactions demand for money is inversely related to the interest rate.
[3] The position of the money demand curve is determined by the income level.
[4] An increase in interest rate will result in a decrease in the precautionary demand for
money.
Macroeconomics
With reference to the extract debate if Herzberg's Two Factor Theory can be effective at increasing the Meaning Quotient (MQ) of work.
Macroeconomics
Assume that the cyclical unemployment rate in a country is 6% whereas the structural unemployment rate is 8%. What is the number of unemployed persons given that labour force in this country amounts to 100 million ?
Macroeconomics
In economics, the short run means a time period
Select one:
a. during which new firms are prohibited from entering the industry.
b. during which the firm is unable to change its plant size.
c. that is between one and five years.
d. during which firms are not allowed to change the amount of imported resources they use.
Select one:
a. during which new firms are prohibited from entering the industry.
b. during which the firm is unable to change its plant size.
c. that is between one and five years.
d. during which firms are not allowed to change the amount of imported resources they use.
Macroeconomics
How do you include human capital in the Variable Elasticity of Substitution (VES) production function? Should human capital have its own coefficient?
This is the VES function with capital and labour as the only factors of production:
Y=〖AK〗^(ωφ ) [L+ ηωK]^((1-ω)φ)
This is the VES function with capital and labour as the only factors of production:
Y=〖AK〗^(ωφ ) [L+ ηωK]^((1-ω)φ)
Macroeconomics
What is neoclassical economics
Macroeconomics
Bring out the sailent feature of ramsey model for decentralization households ( your answer should include the assumption, important equations, phase diagram annutd its interpretation).
Macroeconomics
1-Define the business cycle. Why is reducing the severity of the business cycle a common
goal of policy makers?
-
2-What is the connection between long-run economic growth and a country’s standard of
living? Give at least three examples of living standard indicators and their development.
goal of policy makers?
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2-What is the connection between long-run economic growth and a country’s standard of
living? Give at least three examples of living standard indicators and their development.
Macroeconomics
EXPLANATION FOR GNP?
