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The extent to which the traditional approach is an adequate model of exchange rate determination.
Discuss the extent to which the traditional approach is an adequate model of exchange rate determination.
What are the special properties of the Cobb-Douglas production function, and how might the function be used to calculate the sources of growth?
Harrod asked a number of fundamental questions for the understanding of the growth performance of any country, be it developed or underdeveloped, namely: if changes in income induce investment, what must be the rate of growth of income for plans to invest to equal plans to save in order to ensure a moving equilibrium in a growing economy through time? In static Keynesian theory, if growth equilibrium is disturbed, will it be self-correcting or self-aggravating? And will this equilibrium rate be equal to the maximum rate of growth that the economy is able to sustain given the rate of growth of productive capacity? Analyse the various ways in which Harrod considered these questions?l
economy of Ghana to answer the questions that follow:
Year Price of Milk Quantity of Milk Price of Honey Quantity of Honey
2011 Ghc1 100 Ghc2 50
2012 Ghc1 200 Ghc2 100
2013 Ghc2 200 Ghc4 100
Base year: 2011
Required:
a. Compute for each year the
i. nominal GDP, (3marks)
ii. real GDP, (3marks)
iii. the GDP deflator. (3marks)
b. Compute for 2012 and 2013 from the respective preceding years the percentage change in
i. nominal GDP, (2marks)
ii. real GDP, (2marks)
iii. the GDP deflator (2marks)
B. Pass the Following Entries in Osaka Corporation. (5 Marks)
1. Capital Introduced in organization in Bank Rs. 1,00,000/- & in Cash Rs. 55,000/- on 1st April 2021. 2. Cash Deposited in bank on 2nd April 2021 Rs. 25,000/-.
3. Purchase of Rs. 45,000/- on 1st May 2021 from XYZ Inc.
4. Sales to ABC & Co. of Rs. 38,000/- on 31st May 2021.
5. Rent Paid Rs. 15,000/- by Cheque on 2nd June 2021.
6. Commission receivable dues Rs. 6,000/- on 1st July 2021.
7. Commission received in bank Rs. 5,000/- on 31st July 2021.
8. Cash withdrawn from Bank Rs. 9,000/- on 2nd August 2021.
9. Debit Note Sent to XYZ Inc. For Rs. 2,500/- on 1st Oct 2021.
10. Debit Note issued by ABC & Co. for Rs. 2,000/- on 1st Nov 2021. (You have to pass Credit Note.)
The Costs curves of good X are given below, Marginal Cost (MC) « 25 + 300 - 9Q2 Total Fixed Cost (TFC) = 55 Base on above information: i. Find the total cost function.
