Search & Filtering
What are the three approaches to measuring economic
activity? Why do they givethe answer
Let’s consider following choices that a policy maker face between the policy platforms – (3marks) i. A – (0, 250) ; B (250, 0) ; C (250, 350) - Discuss and compare the policy choices that policy maker is facing. Can you advocate any one of them over the other? Give reasons in support of your answer. ii. X – (0, 500) ; Y (500, 0) ; Z (700, 0) – Discuss and compare the policy choices that policy maker is facing. Can you advocate any one of them over the other? Give reasons in support of your answer. iii. If the policy maker is utilitarian, then combining the policy options of part i. and ii., what should have been the chosen policy? Explain your answer.
the Almighty offered Bruce to become as powerful as the Almighty himself, giving Bruce the right to make decisions about not only for his own life but also giving him the power to choose outcomes for the rest of the world. Considering that there are more than 2 individuals in this world including Bruce, the Almighty asked Bruce to choose amongst the following states of the world - one, where Bruce is the only person who is better off by 100 units, while everyone in the world is worse off and are getting an allocation of 10 (call this state of the world as ‘self-interest’); two, where everyone in the world is better off and each one of the individual is getting 100, except Bruce who has been made worse-off and is getting an allocation of 10 (call this state of the world as ‘philanthropy’). Bruce chose latter over former. Comment over the entire situation that Bruce is facing. Also, comment over Bruce’s choice and giver reasons explaining the rationale behind that choice.
2. Sam (20 years old) and Peya (30 years old), starts to work at UNAM today. Sam invests N$ 2500 per month and Peya invest N$ 3500 per month in a retirement fund. Suppose both have to retire at the age of 65, and assume the fund give returns of 9% per annun, compound monthly. (a) Find the value of their investment when they retire. [6] (b) If Peya is to accumulate the same amount as Sam on the retirement date, how much should Peya contribute per month to the fund to achieve that?. [3] (c) Peya decide to invest N$ 4500 per month in the fund. At what age Peya will accumulate the same amount as Sam? [3] (d) Suppose Sam invest N$ 3000 per month only for the first ten years and to leave the final amount in the fund for the remaining years until his retirement. Find his final value of retirement when he retires.
Bruce had a rare encounter with the Almighty. The Almighty offered him 3 wishes of
his preference. Bruce very shrewdly chose these 3 things in that order – lots of wealth,
a popular life and never have to work again. The Almighty happily granted his three
wishes to Bruce. Few weeks down the line, with the spread of coronavirus, Bruce found
him to be affected by it. He has gone extremely pale and week, has lost his smell, has
lost his taste, can barely walk by himself. Not happy with what he has been going
through, he started blaming the Almighty for all this. Do you think that Bruce was
acting as a rational being? Why or why not, explain your answer.
Which one of the following statements regarding taxation is correct?
A. Administrative simplicity in the tax system ensures neutrality and equality.
B. The aim of taxes is to distort relative prices and change the behaviour of taxpayers.
C. In a good tax system, various taxpayers with different income are taxed the same.
D. Taxes which induce taxpayers to change their behaviour are not neutral.
Using a case study, explain Jared Diamond’s collapse thesis. (10)
Using a case study, explain Jared Diamond’s collapse thesis. (10)
Your consulting firm has been asked to carry out a valuation exercise to determine the willingness to pay for the restoration of a degraded and polluted length of beach at a small coastal town that is a popular holiday destination and day visits. a. Using a case study, explain what valuation method you would use, and why? (10)
