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Suppose 60 000 000 people are in the labour force, 23 000 000 people are employed in the public sector and 20 000 000 people are employed in the private sector. How many people are unemployed?


The idea of indicator dashboard was for you to develop an interest in macroeconomics news and to start following what is going on in the real world.


As an assessment, you need to submit a report, that would be a document with tables and graphs and some interpretations of what your indicator say about how the economy is doing


In the early 1970's the price of oil in the country rose by 176% and the quantity demanded fell by 25 %. What conclusion can you make about its demand?


Compute the equilibrium price of buko pie given the following equations :                              Qd = 750 - 15P Qs = -150 + 30P


1. Millicent is planning to travel to the United States of America in 3 years time. She 

estimated that her vacation would cost $1,236,000. Given the existing interest rate of 6%, 

how much money should she invest now?

A. $999,769.43

B. $1,027,869.53

C. $1,037,769.43

D. $1,250,869.53


Analytically discuss a theory that describes contemporary international trade


Assume that ABC Company has fixed production costs of $70 per unit, and marginal cost of production is $0.4 per unit. ABC sells for $0.5 per unit. a) Write down the associated cost, revenue, and profit functions. b) What profit (or loss) results from the sale of 500 units of products? c) How many units of output should be produced and sold in order to break even?


during which step of the planning process would alternative plans be developed


Answer True or False, then justify your response with practical economic examples:                                             

a.      Macroeconomics is a subject matter that can easily be subsumed and studied under applied microeconomics.                                                                (5 Marks)