This document provides instructions for completing 4 problems from chapters 11 and 12 of an economics textbook. The problems include 2 technical questions, 1 application question from chapter 11, and 2 technical questions and 1 application question from chapter 12. For the application question from chapter 12, the explanation must identify which component of GDP is affected by the changes described and whether each change will raise or lower GDP. All answers must be placed in a single Excel spreadsheet with each problem on a separate tab or sheet, with labels on inputs/outputs and the final answer highlighted in yellow. Graphs from questions must also be replicated in the spreadsheet.

1. ECN601 WEEK 6 CHAPTER 11 & 12 PROBLEM
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Details:
Complete the following:
1. Chapter 11, Technical Question 7 in the textbook.
2. Chapter 11, Application Question 3 in the textbook.
3. Chapter 12, Technical Questions 3 and 5 in the textbook.
4. Chapter 12, Application Question 1 in the textbook.
Your explanation for Application Question 1 should include (1) the component of GDP that is
affected by each of these changes and (2) whether the change indicated will raise or lower GDP.
Follow these instructions for completing and submitting your assignment:
1. Place all answers, both numerical and written, in a single excel spreadsheet.
2. Place each problem into a separate tab or sheet in an Excel file.
3. Place labels on spreadsheet inputs and outputs, and use the yellow highlighter on the top
menu bar to highlight your final answer.
4. If the question incorporates graphs, you must replicate the graph on your spreadsheet file.
5. Do not submit Word files or multiple files for a single assignment.
You are not required to submit this assignment to Turnitin.