Economics Answers

Detailed explanation on How can the following be measured:
Gross Domestic Product
State Budget Deficit
Fixed Assests
Consumption
Personal Walfare

Clearly explain the price discrimination a utility provider such as Eskom in South Africa will practice. Discus how this would be different from the type of discrimination that can be applied to flea markets.

The core elements of the Growth Employment and Redistribution (GEAR) strategy of the South
African government in 1996, under the leadership of the then finance minister Trevor Manuel were
amongst other things:
 budget reform to strengthen the redistributive thrust of expenditure
 monetary policy to prevent a resurgence of inflation
 a reduction in tariffs to contain input prices and facilitate industrial restructuring,
compensating partially for the exchange rate depreciation
1.1 With reference to the above, identify the macroeconomic objectives in these elements?

Which of the following statements regarding the import tariff is/are correct? a. A specific import tariff benefits the domestic producers by reducing both the domestic price and the quantity of imports. b. A specific import tariff increases the domestic supply of a good and reduces its domestic price. c. An introduction of the tariff reduces the quantity demanded of a good and increases its domestic price. [1] Only a and b [2] Only a [3] Only c [4] Only b [5] None of the statements are correct

A decrease in the demand for USA dollar ($) in the South African foreign exchange market would result if there is [1] a decrease in the South African exports to the USA. [2] a decrease in the gold price in South Africa. [3] a decrease in the South African tourists to the USA. [4] a decrease in the USA tourists to South Africa.

How do management accountants support strategic decisons?

Why effects of inflation leads to inflationary recession

Provide a detailed explanation on how macroeconomic variables can be measured

Maximum Production of Bananas

Maximum Production of Coconuts

Alpha

100 bananas/day

200 coconuts/day

Beta

150 bananas/day

100 coconut


Using this information, what is Alpha’s opportunity cost of producing 1 banana in terms of coconuts?