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What is demand? What does it mean supplier-induced demand? What makes this type of
demand different from other types of demand? Explain the reasons why supplier induced
demand is common in the health care market.
The following abrideged statement of financial position of kudu CC as at 31 December 2020 2020 2019 ASSETS Non-current assets 220 000 220 000 current assets 123 000 77 000 352 000 297 000 CAPITAL AND LIABILITIES members contribution: 180 000 180 000 Berry (50%) 70 000 70 000 Rita (35%) 50 000 50 000 Tom (15%) 60 000 60 000 Retained earnings 90 000 65 000 Non-current liabilities 45 000 45 000 Current liabilities 37 000 7 000 352 000 297 000. Required to: 1) Calculate the new members interest and show the statement of changes in net membership investments and membership interest in each of the following instances separately. (a) Berry decided to sell 1/5 of his current interest to Rita. The interest is valued at 25 000 of which 15 000 has been deposited into the bank account of the CC as a loan from Berry. The balance of the amount has been paid to Berry as his own funds. (b) The CC buy back the interest of Tom for 50 000.
5. Summarize the behavior of U.S. federal government budget deficits and U.S. merchandise trade deficits since 1953. Does this behavior suggest a relationship between the two defi cits? Perhaps at some times and not at others?
4. Explain how inflation rate is calculated. Summarize the behavior of inflation rates during
the period from the 1980s onward.
3. There were several shifts in the output-inflation relationship over the 1953-2010 period. Explain the nature of these shifts.
ment of these rates over this period more closely resemble those of the 1970s or those of the 1950s and 1960s?
1. Provide examples of the types of policy questions that macroeconomists ask. Why would macroeconomists disagree on these questions?
9. Suppose a worker's income was $15,000 in 1960 and $45,000 in 2010. Using the GDP deflator as a price index, calculate whether the worker's real income had increased or decreased over this period.
8. Explain the concept of potential output. Why is potential output difficult to measure?
What do you think is the most important indicator in the current targeting approach of inflation followed by the South African Reserve Bank (SARB)? How does the SARB monitor this indicator?
