Physical quality of life index
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
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(a) Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero? Why or why not should this be the case?
If the MPC is .70 and investment increases by $3 billion, the equilibrium GDP will:
Illustrate whether output generated for self consumption is comprised or not comprised in the value of output? Answer: The output generated for self consumption is
Why the value of MPC is not greater than 1? Answer: This is because change in consumption can never be more than change in income.
Which of the following lists includes only capital resources (and ther Which of the following lists includes only capital resources (and therefore no labor or land resources)?
Define fiscal policy? Answer: Fiscal policy is the revenue and expenditure policy of government with a view to combat the state of inflationary or deflationary gap
Use economic theory to explain the inflation movements and factors influencing it. Use relevant models to explain the impact of changes in fiscal and monetary policies in curtailing inflation.
Analyze at least 3 possible regions for the industry which could lead to transaction costs, explaining each in detail.
Describe any two measures by which a Central Bank can attempt to decrease the gap. Answer: Central bank can decrease this gap by adopting two measures illustrated b
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