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T. Why some country prefer higher gdp ? Clo marks) 2. what is difference between gdp...
4. What does it mean if country A has a higher GDP than country B, but...
4. What does it mean if country A has a higher GDP than country B, but country B has higher GDP per capital? 5. Why do economist adjust international statistics based on purchasing power?
Question 1 What is the difference(s), if any, between the unemployment rate and the natural rate...
Question 1 What is the difference(s), if any, between the unemployment rate and the natural rate of unemployment? Discuss. Question 2 The expenditure approach (the sum of all spendings) to measuring the value of the nation's output (GDP) is equivalent to the income approach (the sum of all payments to factors). Discuss and illustrate with examples(s) where necessary. Question 3 Real GDP is the same as nominal GDP? If yes, why? If no, why? Discuss Question 4. Does GDP provide...
1. What a difference between GDP and GNP? 2. If I sale a house that is...
1. What a difference between GDP and GNP? 2. If I sale a house that is 5 years old. Should the transaction be counted in the GDP or the GNP or both? Why or Why not?
1. Explain why we can measure the GDP or output of a country by adding up...
1. Explain why we can measure the GDP or output of a country by adding up either the market value of production in that country or by adding up the income earned by people in that country. (Helpful hint: Remember when I used the example in class about two shoemakers, one who can produce 4 pairs of shoes per day and another who can produce 5 pairs per day. All the pairs of shoes are identical in quality.) 2. What...
2.What does mean a PBR much higher than 1 ? 3.Does a “high”P/E necessarily mean that...
2.What does mean a PBR much higher than 1 ? 3.Does a “high”P/E necessarily mean that the company is experiencing a high growth ? 4.Do you prefer to buy liquid stock ? 5.What are the two components of a stock return ?
What are the main two differences between the Free market and Command Market? (2 Marks) ...
What are the main two differences between the Free market and Command Market? (2 Marks) Calculate the values in this table (5 Marks) Quantity Price FC TVC TC MC TR MR AFC AVC ATC 1 30 10 10 X X 2 25 15 3 20 18 With a 30% change in a product price, the demand for the product changes by 60%. What is the price elasticity of demand for this product? (Show Formula) (3 Marks) Define the following...
QUESTION TWO a) What is the difference between Absolute Purchasing Power Parity (APPP) and Relative Purchasing...
QUESTION TWO a) What is the difference between Absolute Purchasing Power Parity (APPP) and Relative Purchasing Power Parity (RPPP)? (5 Marks) b) Consider a world that only co mprises 3 goods (Good 1, Good 2, Good 3) and 2 countries (Fra nce and Japan). A (0.50, 0.25,0.25). ssume that consumption weights of these goods for both countries be The price of the goods at time t are listed below- France EUR) Japan(Yen) 20 40 80 60 Good 1 Good 2...
(a) What is the difference between ‘commodity money’ and ‘fiat’ money? Give examples of each. (2...
(a) What is the difference between ‘commodity money’ and ‘fiat’ money? Give examples of each. (2 marks) (b) Explain the ‘classical dichotomy’. (2 marks) (c) Use a diagram showing the relationship between the ‘value of money’ and the ‘price level’ to explain the effect on the price level and the value of money of an increase in money supply. (2 marks) (d) “If a government decides to pay for their spending by printing money they are said to levy an...
1. Do you agree or disagree with the following statements a. Balanced trade is the difference...
1. Do you agree or disagree with the following statements a. Balanced trade is the difference between exports and imports b. If country A can out produce country B, then country A has no reason to trade c. Every country in the world experiences free trade d. There is no connection between Foreign direct investment and trade flows e. An accurate way to measure imports is to assign the value of a final good 2. Trade distortion effects increase estimates...
1. What is the difference between "nominal" and "real" national income? 2. Explain the "business cycle"...
1. What is the difference between "nominal" and "real" national income? 2. Explain the "business cycle" and its relevance to macroeconomics 3. Explain the concept of "full employment". Does this mean there are no unemployed persons in the economy? Why? How does the "consumer price index" measure inflation and why is this important? What is the difference between "growth" and "fluctuations" and why is this important? 4.
4. What does it mean if country A has a higher GDP than country B, but country B has higher GDP per capital? 5. Why do economist adjust international statistics based on purchasing power?
1. What a difference between GDP and GNP? 2. If I sale a house that is 5 years old. Should the transaction be counted in the GDP or the GNP or both? Why or Why not?
1. Explain why we can measure the GDP or output of a country by adding up either the market value of production in that country or by adding up the income earned by people in that country. (Helpful hint: Remember when I used the example in class about two shoemakers, one who can produce 4 pairs of shoes per day and another who can produce 5 pairs per day. All the pairs of shoes are identical in quality.) 2. What...
QUESTION TWO a) What is the difference between Absolute Purchasing Power Parity (APPP) and Relative Purchasing Power Parity (RPPP)? (5 Marks) b) Consider a world that only co mprises 3 goods (Good 1, Good 2, Good 3) and 2 countries (Fra nce and Japan). A (0.50, 0.25,0.25). ssume that consumption weights of these goods for both countries be The price of the goods at time t are listed below- France EUR) Japan(Yen) 20 40 80 60 Good 1 Good 2...
1. What is the difference between "nominal" and "real" national income? 2. Explain the "business cycle" and its relevance to macroeconomics 3. Explain the concept of "full employment". Does this mean there are no unemployed persons in the economy? Why? How does the "consumer price index" measure inflation and why is this important? What is the difference between "growth" and "fluctuations" and why is this important? 4.
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