Economics Answers

Different user group are interested in an entit's financial statement for different reasons.identify any four potential user group and briefly describe the information which they May be interested in

An increase of the marginal propensity to spend out of national income will cause a parallel shift of AE curve”. Is this statement true or false? Please explain if it is false.

Explain the effects of ageing population on
a) Firm
b)Economy/Government

Different user group are interested in an entity's financial statement for different reasons.identify any four potential users groups and briefly describe the information which they may be interested in

Suppose the price of Doritos fall from R12.50 to R8.50. As a result, the quantity of peanuts increases from 50 to 200. Calculate the cross-price elasticity using the arc formulae and interpret your answer.

With the aid of a diagram, discuss the welfare effects of such a policy if the wage rate set is above the market clearing wage rate (assuming this is R12 per hour).

Which of the following is not a source of economic growth
1)capital widening
2)imports
3)government spending
4)natural resources

In a basic Keynesian macroeconomic model, it is assumed that
Y = C + I
Where;
I = 250 and C = 0.75Y.
What is the equilibrium level of Y? What increase in I would be needed to cause Y to increase to 1,200?

One of the critical conclusions of economics is that price is equal to value is equilibrium. But if we value equal price then we’re no better off buying something than if we’d just not bothered. What’s wrong with this sentiment?