Questions -
Question 1 - Critically analyze and evaluate the importance of the Circular Flow model in an economy and use it to explain why the Gross Domestic Product equals Aggregate Expenditure and Aggregate Income. 800-1000 Words.
Question 2 - Critically analyze and evaluate the main economic function of banks and other depository institutions in your country and describe how and by whom they are regulated. 600-800 Words.
Question 3 - Critically analyze and evaluate the concept of money. In your answer you should define what money is, and what its functions are. You should also explain how money is created and by whom and explain how a market operation changes the quantity of money available in an economy. Make sure that you use examples in your submission to illustrate your answers. 500-700 Words.