1. This document contains 10 subsections with multiple choice and structured questions related to microeconomics and macroeconomics concepts.
2. It asks the reader to answer 5 questions by selecting 2 from subsection A and 2 from subsection B. The questions cover topics such as economic systems, production possibilities curve, demand and supply analysis, costs and revenues, and national income accounting.
3. Detailed data and information is provided within some questions to calculate economic indicators like equilibrium price and quantity, average costs, GDP, and personal income.
Bus 475 final exam 5th set 100 questions with answers answers are hererenat88
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1) The document describes the circular flow model of the economy, which divides the economy into 4 sectors: individuals, businesses, government, and international trade.
2) It illustrates the circular flow of income between individuals and businesses, where individuals receive income from businesses for supplying labor, capital, and resources, and then spend that income on goods and services produced by businesses.
3) GDP can be measured using the production, income, or expenditure approaches, which should all equal the total value of final goods and services produced domestically in a given time period.
This document provides a summary of Roni Bhowmik's presentation on input-output analysis. The presentation was given on November 17, 2013 at the University of Chinese Academy of Sciences. It discusses the key concepts of input-output analysis developed by Wassily Leontief, including how input-output tables can be used to model interrelationships between sectors in an economy and estimate multiplier effects. The presentation also provides an example of an input-output table and calculations for direct requirements, total requirements, and type I, II and III multipliers.
Significance of working capital turnover ratio a case study of bhel and cromp...IAEME Publication
The document analyzes the working capital turnover ratios of BHEL and Crompton Greaves from 2002-2003 to 2011-2012. It finds that BHEL had an average working capital turnover ratio of 2.01 over this period, ranging from 1.61 to 2.59 annually. Crompton Greaves had a higher average ratio of 6.44, ranging from 5.24 to 8.69. The document compares the ratios between the two companies and uses a t-test to determine if there is a significant difference between their working capital efficiency.
Bus 475 guide 1 68) If the quote for a forward exchange contract is greater...jackkumaran
68) If the quote for a forward exchange contract is greater than the computed price, the forward contract is:
A. overvalued.
B. a good buy.
C. undervalued.
D. at equilibrium.
Read more: http://www.arabbank.com.au/trade-finance/forward-exchange-contracts
http://www.businessdictionary.com/definition/forward-exchange-contract.html
Este documento presenta los contenidos de la unidad 1 de física en primero medio sobre la materia y sus transformaciones, en particular el sonido. Los temas incluyen la producción, propagación y recepción del sonido como vibraciones, las características del tono, la intensidad y el timbre, y conceptos como la contaminación acústica, la reflexión, refracción y absorción del sonido. También cubre temas como la difracción, interferencia y pulsaciones del sonido, el efecto Doppler y clasificaciones de ondas.
Bus 475 final exam 5th set 100 questions with answers answers are hererenat88
click on the link, you will find what you were looking for:homeworkmye.com
Customer support is very important to us. Please use our online chat system in case you have any questions. Also, you can email them to us at homeworkmye@gmail.com. We will do our best to answer you!
1) The document describes the circular flow model of the economy, which divides the economy into 4 sectors: individuals, businesses, government, and international trade.
2) It illustrates the circular flow of income between individuals and businesses, where individuals receive income from businesses for supplying labor, capital, and resources, and then spend that income on goods and services produced by businesses.
3) GDP can be measured using the production, income, or expenditure approaches, which should all equal the total value of final goods and services produced domestically in a given time period.
This document provides a summary of Roni Bhowmik's presentation on input-output analysis. The presentation was given on November 17, 2013 at the University of Chinese Academy of Sciences. It discusses the key concepts of input-output analysis developed by Wassily Leontief, including how input-output tables can be used to model interrelationships between sectors in an economy and estimate multiplier effects. The presentation also provides an example of an input-output table and calculations for direct requirements, total requirements, and type I, II and III multipliers.
Significance of working capital turnover ratio a case study of bhel and cromp...IAEME Publication
The document analyzes the working capital turnover ratios of BHEL and Crompton Greaves from 2002-2003 to 2011-2012. It finds that BHEL had an average working capital turnover ratio of 2.01 over this period, ranging from 1.61 to 2.59 annually. Crompton Greaves had a higher average ratio of 6.44, ranging from 5.24 to 8.69. The document compares the ratios between the two companies and uses a t-test to determine if there is a significant difference between their working capital efficiency.
Bus 475 guide 1 68) If the quote for a forward exchange contract is greater...jackkumaran
68) If the quote for a forward exchange contract is greater than the computed price, the forward contract is:
A. overvalued.
B. a good buy.
C. undervalued.
D. at equilibrium.
Read more: http://www.arabbank.com.au/trade-finance/forward-exchange-contracts
http://www.businessdictionary.com/definition/forward-exchange-contract.html
Este documento presenta los contenidos de la unidad 1 de física en primero medio sobre la materia y sus transformaciones, en particular el sonido. Los temas incluyen la producción, propagación y recepción del sonido como vibraciones, las características del tono, la intensidad y el timbre, y conceptos como la contaminación acústica, la reflexión, refracción y absorción del sonido. También cubre temas como la difracción, interferencia y pulsaciones del sonido, el efecto Doppler y clasificaciones de ondas.
ACCORDING to AG Lafley, CEO of Procter & Gamble, collaboration is a key ingredient in a company’s arsenal to help it innovate better and faster, and proactively
respond to the increased demand we face in a global and connected economy.
What is Social Networking?
The power behind the new communication paradigm exemplified by internet sites such as Facebook, Wikipedia and YouTube is that it promotes the flow of ideas — including
advice, feedback and criticism — all of it free of charge.
I think that AG Lafley puts it best when he says: “No company today, no matter how large or how global, can innovate fast enough or big enough by itself.
Este documento ofrece consejos y reflexiones a un estudiante que comienza un nuevo ciclo escolar. Le recuerda que ya no es un niño y que esta etapa es una oportunidad para progresar y convertirse en una mejor persona a través del estudio y el aprendizaje. También enfatiza la importancia de administrar bien el tiempo, respetar a los demás, no rendirse ante las dificultades y soñar en grande pero acompañando los sueños con acción.
Este documento presenta imágenes nocturnas de varias regiones del mundo vistas desde el espacio, incluyendo Europa, Brasil, Estados Unidos y Puerto Rico. Se destacan ciudades importantes y características geográficas como la plataforma continental brasileña. La imagen de Estados Unidos muestra grandes agrupaciones de luces que corresponden a ciudades como Boston, Nueva York, Filadelfia y Washington.
Este documento propone el juego simbólico como una estrategia para desarrollar competencias sociales en niños de 3er grado de preescolar. Presenta cuatro pilares para reconocer las emociones propias y de los demás, aceptar a otros, solucionar problemas en grupo, y fortalecer las relaciones interpersonales. Describe actividades como cuentos, canciones, collages y role play para trabajar en cada pilar a través de proyectos y unidades didácticas lúdicas.
A Grande Depressão de 1929 teve profundas consequências econômicas e sociais nos Estados Unidos e em todo o mundo. A crise foi causada por fatores como especulação no mercado de ações e má distribuição de renda, levando ao desemprego em massa e à pobreza generalizada. O New Deal implementado por Roosevelt nos EUA introduziu políticas keynesianas para estimular a economia e fornecer assistência social.
La adolescencia puede ser un tiempo difícil con problemas como embarazos no deseados, violencia, y conflictos con la familia, parejas y amigos. Sin embargo, existen varias maneras positivas de resolver estos problemas, como hablar con personas de confianza, expresarse a través del arte, y reflexionar sobre las propias decisiones para aprender de los errores. El arte puede ser una forma efectiva de lidiar con las crisis que se presentan en la adolescencia.
El documento proporciona 10 recetas de comida mexicana que incluyen: chilaquiles rojos con carne de cecina, espagueti con albóndigas, filetes empanizados con arroz blanco, caldo de mariscos, sopes de frijoles con ensalada, chuletas de res con salsa BBQ, enmoladas de pollo, arrachera marinada, quesadillas fritas con ensalada y detalles completos sobre los ingredientes y procedimientos para preparar cada platillo.
El documento describe la participación diversa de los maestros durante el movimiento armado en México. La mayoría continuó enseñando sin importar el gobierno, aunque algunos sufrieron retrasos salariales o despidos. Algunos maestros se unieron a facciones revolucionarias como ideólogos o líderes. También se intentó reorientar la enseñanza normal para comprometerla más con el pueblo y la revolución, por ejemplo introduciendo cursos técnicos o la educación mixta.
Este documento resume los usos potenciales de la nanotecnología en la medicina y también discute los posibles usos militares y de armas, como el desarrollo de armas químicas a pequeña escala y el control de insectos a través de nanobots. Plantea preocupaciones éticas sobre el enfoque de Estados Unidos en el desarrollo de aplicaciones militares de la nanotecnología en lugar de enfocarse en resolver problemas humanitarios.
Taller #1 institucion educativa las margaritasBoris Salleg
La institución educativa Las Margaritas fue creada en 1998 con el objetivo de impartir educación de alta calidad basada en valores éticos y morales. Sus valores institucionales incluyen la autonomía, el respeto, la honradez, el ingenio, la responsabilidad y el sentido de pertenencia. Su filosofía busca formar individuos aptos para la convivencia social mediante el pensamiento crítico. Su misión es formar personas con un desarrollo completo que cumplan un papel significativo en la sociedad.
Ofrecer una visión general del Programa Secundaria a Distancia para Adultos (SEA), a las personas mayores de 15 años que desean concluir su secundaria en Jalisco, México. .
The document discusses the benefits of exercise for both physical and mental health. Regular exercise can improve cardiovascular health, reduce symptoms of depression and anxiety, enhance mood, and boost brain function. Staying physically active helps fight diseases and conditions while improving quality of life.
Este documento presenta las normas de convivencia de un colegio. Establece reglas sobre comportamiento en fila, postura correcta al sentarse, atención en clase, puntualidad, respeto hacia los demás, limpieza e higiene personal. El objetivo es crear un ambiente ordenado y de respeto mutuo entre los estudiantes.
This document contains 7 questions related to economics. The questions cover topics such as IS-LM models, behavioral equations, monopoly profit maximization, supply and demand analysis, inflation, economic integration, economic growth, and comparative advantage. Specifically, the questions ask the reader to derive equilibrium values, calculate prices, profits and surpluses, explain concepts, and analyze economic models and diagrams.
This document contains 50 questions related to the subject of economics for class 12. The questions cover a wide range of topics including macroeconomics, indifference curves, costs, revenues, market structures, national income, banking, fiscal policy, monetary policy, consumption, production, equilibrium and elasticities.
This document provides information about solved assignments available for purchase at Rs. 150 per subject. It lists 5 management subjects - Accounting and Finance for Managers, Quantitative Analysis for Managerial Applications, Managerial Economics, Working Capital Management, and Operations Research. For each subject, it provides 3-5 sample questions that would be solved as part of the assignment purchase. The document encourages visiting the listed website or emailing to purchase solved assignments for management subjects.
This document contains the CBSE syllabus and sample question paper for Economics for class 12. It outlines the topics covered in Macroeconomics including national income and related concepts, money and banking, determination of income and employment, government budgets, and balance of payments. It provides the unit-wise breakdown with number of periods and marks allotted for each. The sample question paper format and types of questions are also outlined along with 20 multiple choice questions as examples.
This document provides information about an assignment solving service and lists sample assignments in management subjects like business communication, statistics, accounting, economics, and human resources. It includes definitions, explanations, calculations, and solutions related to concepts in these subjects. The document contains assignments on topics such as corporate strategy, management theories, planning, leadership, attitude, communication elements, probability, hypothesis testing, financial statements, cost analysis, inflation, monopoly, fiscal policy, demand analysis, training methods, career planning, job analysis, and grievance handling procedures.
ACCORDING to AG Lafley, CEO of Procter & Gamble, collaboration is a key ingredient in a company’s arsenal to help it innovate better and faster, and proactively
respond to the increased demand we face in a global and connected economy.
What is Social Networking?
The power behind the new communication paradigm exemplified by internet sites such as Facebook, Wikipedia and YouTube is that it promotes the flow of ideas — including
advice, feedback and criticism — all of it free of charge.
I think that AG Lafley puts it best when he says: “No company today, no matter how large or how global, can innovate fast enough or big enough by itself.
Este documento ofrece consejos y reflexiones a un estudiante que comienza un nuevo ciclo escolar. Le recuerda que ya no es un niño y que esta etapa es una oportunidad para progresar y convertirse en una mejor persona a través del estudio y el aprendizaje. También enfatiza la importancia de administrar bien el tiempo, respetar a los demás, no rendirse ante las dificultades y soñar en grande pero acompañando los sueños con acción.
Este documento presenta imágenes nocturnas de varias regiones del mundo vistas desde el espacio, incluyendo Europa, Brasil, Estados Unidos y Puerto Rico. Se destacan ciudades importantes y características geográficas como la plataforma continental brasileña. La imagen de Estados Unidos muestra grandes agrupaciones de luces que corresponden a ciudades como Boston, Nueva York, Filadelfia y Washington.
Este documento propone el juego simbólico como una estrategia para desarrollar competencias sociales en niños de 3er grado de preescolar. Presenta cuatro pilares para reconocer las emociones propias y de los demás, aceptar a otros, solucionar problemas en grupo, y fortalecer las relaciones interpersonales. Describe actividades como cuentos, canciones, collages y role play para trabajar en cada pilar a través de proyectos y unidades didácticas lúdicas.
A Grande Depressão de 1929 teve profundas consequências econômicas e sociais nos Estados Unidos e em todo o mundo. A crise foi causada por fatores como especulação no mercado de ações e má distribuição de renda, levando ao desemprego em massa e à pobreza generalizada. O New Deal implementado por Roosevelt nos EUA introduziu políticas keynesianas para estimular a economia e fornecer assistência social.
La adolescencia puede ser un tiempo difícil con problemas como embarazos no deseados, violencia, y conflictos con la familia, parejas y amigos. Sin embargo, existen varias maneras positivas de resolver estos problemas, como hablar con personas de confianza, expresarse a través del arte, y reflexionar sobre las propias decisiones para aprender de los errores. El arte puede ser una forma efectiva de lidiar con las crisis que se presentan en la adolescencia.
El documento proporciona 10 recetas de comida mexicana que incluyen: chilaquiles rojos con carne de cecina, espagueti con albóndigas, filetes empanizados con arroz blanco, caldo de mariscos, sopes de frijoles con ensalada, chuletas de res con salsa BBQ, enmoladas de pollo, arrachera marinada, quesadillas fritas con ensalada y detalles completos sobre los ingredientes y procedimientos para preparar cada platillo.
El documento describe la participación diversa de los maestros durante el movimiento armado en México. La mayoría continuó enseñando sin importar el gobierno, aunque algunos sufrieron retrasos salariales o despidos. Algunos maestros se unieron a facciones revolucionarias como ideólogos o líderes. También se intentó reorientar la enseñanza normal para comprometerla más con el pueblo y la revolución, por ejemplo introduciendo cursos técnicos o la educación mixta.
Este documento resume los usos potenciales de la nanotecnología en la medicina y también discute los posibles usos militares y de armas, como el desarrollo de armas químicas a pequeña escala y el control de insectos a través de nanobots. Plantea preocupaciones éticas sobre el enfoque de Estados Unidos en el desarrollo de aplicaciones militares de la nanotecnología en lugar de enfocarse en resolver problemas humanitarios.
Taller #1 institucion educativa las margaritasBoris Salleg
La institución educativa Las Margaritas fue creada en 1998 con el objetivo de impartir educación de alta calidad basada en valores éticos y morales. Sus valores institucionales incluyen la autonomía, el respeto, la honradez, el ingenio, la responsabilidad y el sentido de pertenencia. Su filosofía busca formar individuos aptos para la convivencia social mediante el pensamiento crítico. Su misión es formar personas con un desarrollo completo que cumplan un papel significativo en la sociedad.
Ofrecer una visión general del Programa Secundaria a Distancia para Adultos (SEA), a las personas mayores de 15 años que desean concluir su secundaria en Jalisco, México. .
The document discusses the benefits of exercise for both physical and mental health. Regular exercise can improve cardiovascular health, reduce symptoms of depression and anxiety, enhance mood, and boost brain function. Staying physically active helps fight diseases and conditions while improving quality of life.
Este documento presenta las normas de convivencia de un colegio. Establece reglas sobre comportamiento en fila, postura correcta al sentarse, atención en clase, puntualidad, respeto hacia los demás, limpieza e higiene personal. El objetivo es crear un ambiente ordenado y de respeto mutuo entre los estudiantes.
This document contains 7 questions related to economics. The questions cover topics such as IS-LM models, behavioral equations, monopoly profit maximization, supply and demand analysis, inflation, economic integration, economic growth, and comparative advantage. Specifically, the questions ask the reader to derive equilibrium values, calculate prices, profits and surpluses, explain concepts, and analyze economic models and diagrams.
This document contains 50 questions related to the subject of economics for class 12. The questions cover a wide range of topics including macroeconomics, indifference curves, costs, revenues, market structures, national income, banking, fiscal policy, monetary policy, consumption, production, equilibrium and elasticities.
This document provides information about solved assignments available for purchase at Rs. 150 per subject. It lists 5 management subjects - Accounting and Finance for Managers, Quantitative Analysis for Managerial Applications, Managerial Economics, Working Capital Management, and Operations Research. For each subject, it provides 3-5 sample questions that would be solved as part of the assignment purchase. The document encourages visiting the listed website or emailing to purchase solved assignments for management subjects.
This document contains the CBSE syllabus and sample question paper for Economics for class 12. It outlines the topics covered in Macroeconomics including national income and related concepts, money and banking, determination of income and employment, government budgets, and balance of payments. It provides the unit-wise breakdown with number of periods and marks allotted for each. The sample question paper format and types of questions are also outlined along with 20 multiple choice questions as examples.
This document provides information about an assignment solving service and lists sample assignments in management subjects like business communication, statistics, accounting, economics, and human resources. It includes definitions, explanations, calculations, and solutions related to concepts in these subjects. The document contains assignments on topics such as corporate strategy, management theories, planning, leadership, attitude, communication elements, probability, hypothesis testing, financial statements, cost analysis, inflation, monopoly, fiscal policy, demand analysis, training methods, career planning, job analysis, and grievance handling procedures.
Get the best quality preparations for your class 11 exams with studymate. Our economics sample paper class 11 covers all the topics and helps the students in clearing their concepts and perform well in their exams. Visit https://bit.ly/2mlSjJf
The document contains instructions and questions for a summer exam on business laws for the corporate sector. It includes 10 questions covering various topics:
1. Appointment and remuneration of auditors.
2. Circumstances and process for altering a company's memorandum.
3. Defining alternative dispute resolution and listing mechanisms.
4. Defining terms related to companies.
5. Requirements for annual general meetings and advising a member.
6. Rights and liabilities regarding revocation of an offer.
7. Rights of an indemnity holder.
8. Responsibility for a partner's wrongful act and defining partnership at will.
9. Nature of a contract for
Edexcel Practise AS Paper - Theme 2 Mark Schememattbentley34
The document is a practice exam paper for Economics (AS) from Edexcel. It contains 4 multiple choice questions and short answer questions about topics such as GDP, inflation, investment, and unemployment.
Some key details extracted from the summary are: GDP per capita in the UK fell by around 5% between 2008 and 2011 according to the table provided. An increase in the rate of VAT would cause the equilibrium level of real national output to fall and the average price level to rise. Business confidence was lowest in the last quarter of 2011 based on the chart shown. The total addition to an economy’s capital stock taking into account the level of depreciation of capital is the definition of net investment.
This document contains 10 multiple choice questions related to accounting budgets and variances. The questions cover topics like operating vs financial budgets, standard costing, overhead cost variances, and inventory and sales budgeting.
This document provides instructions for a Business Studies exam, including:
- The exam contains 34 questions worth a total of 80 marks.
- Answers should be brief and to the point, ranging from 50-75 words for 3-mark questions to 200 words for 6-mark questions.
- The exam consists of multiple choice, short answer, and long answer questions testing concepts from the Business Studies curriculum.
This document appears to be an exam paper for a first semester MBA degree in quantitative methods. It contains 8 sections (A-D and 7-8) with multiple choice and descriptive questions. Section A asks students to define key terms. Section B involves calculating statistics from data provided. Section C asks students to interpret statistical results in scenarios. Section D is a case study asking students to analyze data and calculate probabilities. Overall, the summary assesses students' understanding of basic statistical concepts, calculations, and ability to analyze data and scenarios in business and research contexts.
Here are the key similarities and differences between microeconomics and macroeconomics:
Similarities:
- Both use basic economic concepts like supply and demand
- Microeconomic decisions and behaviors aggregate to impact macroeconomic outcomes
Differences:
- Scope - Micro focuses on individual agents/markets, macro looks at the overall economy
- Units of analysis - Micro examines prices, macro examines metrics like GDP, unemployment
- Goals - Micro aims to understand pricing and resource allocation, macro aims to achieve full employment, stable prices, economic growth
- Tools - Micro uses supply/demand, macro uses models like IS-LM and AS-AD curves
So in summary, while they use some similar foundations, microeconomics
Toyota Motor Company is facing challenges positioning its Etios and Liva brands in the low-cost segment dominated by Maruti Suzuki in India, while its Innova SUV is selling well. Toyota wants to launch its Camry and Lexus premium luxury brands to compete with Mercedes, BMW and Audi. Key strategies for Toyota include emphasizing quality, cost efficiency and supply chain management. For Etios and Liva, strategies are needed to better position them against Maruti. For Camry and Lexus, strategies are needed to succeed in the premium segment.
Econ 3022 MacroeconomicsSpring 2020Final Exam - Due A.docxtidwellveronique
Econ 3022: Macroeconomics
Spring 2020
Final Exam - Due April 24th 11:59pm
1 Multiple Choice Questions (5 points each)
Question 1 What is Ricardian Equivalence?
(a) The economic hypothesis that agents’ decisions are una↵ected by the timing of taxation
and government spending
(b) The economic hypothesis that agents’ decisions are a↵ected by the timing of taxation
and government spending
(c) The economic hypothesis that taxation must be equal every period.
(d) The economic hypothesis that it is impossible to individually identify taxation today
and taxation tomorrow.
Question 2 Consider the consumer problem from the microeconomic foundations we dis-
cussed in class. Suppose the wage decreases. What do we expect to happen to house-
hold labor supply?
(a) Unclear
(b) Increase
(c) Decrease
(d) Stay constant
1
Question 3 Consider the consumer problem from the real intertemporal model. Which of
the following conditions must be satisfied at the solution?
(a) MRSl,c = w
(b) MRSc0,l0 =
1
w0
(c) MRSl,l0 =
w(1+r)
w0
(d) All of the above
Question 4 If total factor productivity tomorrow, z0, increases. What should happen to
investment?
(a) Unclear
(b) Increase
(c) Decrease
(d) Stay constant
Question 5 Consider the standard Solow model from class where the production function
is zF (K, N) = zK↵N1�↵. What is the golden rule savings rate?
(a) sgr = 1 � ↵
(b) sgr = ↵
(c) The savings rate that leads to a steady state with the highest level of income per capita
(d) The savings rate that leads to a steady state with the lowest level of income per capita
2
2 Economic Growth (20 points)
Consider the Solow Growth Model seen in class where the production function is Cobb-
Douglas and given by:
Y = zK↵ (N)
1�↵
where 0 < ↵ < 1 and z is a constant. Let s be the savings rate of this economy, so that
aggregate savings is just a constant fraction of aggregate output: S = sY . Let n be the rate
of population growth, so N
0
N
= 1 + n. Finally, let d be the depreciation rate, and assume the
law of motion for aggregate capital is given by:
K
0 = (1 � d) K + I
(a) (5 pts) Find an expression for the steady state level of capital per capita (k⇤) that only
depends on parameters of the model. Clearly show your work.
(b) (5 pts) Discuss how per capita variables (consumption and income) as well as aggregate
variables (consumption, capital stock, output, and savings) behave in steady state.
Now, suppose that we have a linear production function given by
Y = zK
where z is a constant. Let s be the savings rate of this economy, so that aggregate savings
is just a constant fraction of aggregate output: S = sY . Let n be the rate of population
growth, so N
0
N
= 1 + n. Finally, let d be the depreciation rate, and assume the law of motion
for aggregate capital is given by:
K
0 = (1 � d) K + I
(c) (5 pts) Find an expression for the level of per capita capital stock today as a function
of per capita capital stock tomorrow. Clea.
Answer anyfive (5) of the following questions.Each.docxspoonerneddy
Answer
any
five (5
) of the following questions
.
E
ach
question
is
worth 10 marks
.
Question
9
:
[Parts (a) to (g), ½ mark each; parts (h) and (i), 1 mark each; parts (j), (k) and (l), 1.5 marks each]
Suppose the following are National Accounts data for a given year for some particular country:
Measure / Variable
Amount
(Billions of Dollars)
Consumption of fixed capital
320
Gross private fixed capital formation
785
Government consumption expenditures
585
Government investment expenditures
210
Imports of goods and services
565
Exports of goods and services
690
Household consumption expenditure
3115
Net property and other income paid overseas
34
Returns to labour
2651
Firm profits
1687
Other factor rentals
482
(a)
Calculate GDP using the Income method:
(b)
Calculate GDP using the Expenditure method at market prices:
(c)
Calculate Gross National Expenditure (GNE):
(d)
Calculate Net Domestic Product (NDP):
(e)
Why might NDP be a better measure of economic performance that GDP:
(f)
Calculate Gross National Product (GNP):
(g)
Calculate Net National Product:
(h)
Calculate Current Account Balance:
(i)
Calculate Gross National Savings:
(j)
If tax revenues are $17 Billion for the fiscal year, then what is the value of national savings?
(k)
If
mpc
d
remains at 0.63 and GDP changes to $4873 billion; then what will the new level of domestic consumption be?
(l)
If exports then increase by $4 billion, private sector investment decreases by $3 billion; and government consumption and investment decrease and increase by $3 billion and $4 billion respectively; by how much will GDP change and what will its new value be?
Question 10:
(a)
Which of the following are
final goods and services and which are intermediate goods and services? Please explain why in your answer.
(4 marks – 1 mark each)
(i)
A windscreen purchased by a motor vehicle spare parts supplier;
(ii)
A new bulldozer to be used by a construction company;
(iii)
A household cleaning service purchased by a family from a domestic cleaning service company;
(iiii)
Coking coal
(b)
An economy produces final goods and services with a market value of $8
7
0 billion in a
given year, but only $72
0 billion worth of goods and services is sold to domestic or foreign buyers.
Is this nation’s GDP $870 billion or $72
0 billion? Explain your answer.
(2 marks)
(c)
Explain why a new truck sold for use by a
mining
company is a final good, even though it is a fixed investment (capital) used to produce other goods.
(2 marks)
Should the value of this truck then be added to GDP or should only the goods it transports be included in GDP?
Explain your an
swer.
(2 marks)
Question
11
:
(a)
Illustrate
and explain
with diagrams the difference between
demand-pull and cost-push
inflation;
(
5 marks total - 1.25
marks for
each diagram and 1.2
5 marks for the explanation)
;
(b)
Provide (describe) two (2)
causes
of each type of inflation
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1. 1 | P a g e
Answer five questions only selecting two questions from sub section A and two questions from sub
section B
SUB SECTION A
1.
a.
i. What are the main functions of micro economics? (02 Marks)
ii. What are the main institutional features of economic system? (02 Marks)
b. Do you agree with the following statements? Explain with reasons
i. What to produce question is the question related to the relative profitability
ii. How to produce question is the question related to relative cost
iii. Whom to produce question is the question relative to purchasing power
iv. Price at free market provide incentives to both producers and consumers
(1*4 Marks)
c. What are situations can reasonable the intervention of government in free market?
(04 Marks)
d. Basic economic questions are common to all societies. Why different economic
systems create to solve them? (04 Marks)
e. According to the nature of the resources used in the industry the factor mobility and
opportunity cost is differ. Do you agree? Explain with reasons. (04 Marks)
2.
a. Why does all the goods not consider as economic goods even though they satisfy the
human wants? (03 Marks)
b. In a society the resources are limited relative to the wants and this result creation of
scarcity problem. Why does the choice should be made when there is scarcity?
(02 Marks)
c.
i. What are the basic economic questions solved by the economic system?
ii. Why does all the societies faced these problems? (03 Marks)
d.
i. It is practical to use concave PPC to explain opportunity cost concept. Do you
agree? Explain. (03 Marks)
ii. How does PPC can be used to explain the micro economic problems?
(03 Marks)
e. Following information has provided related to a hypothetical economy in a certain
situation
Model Paper 05
General Certificate of Education (A/Level) Examination 2015
Economics-Part 02
Time: Three Hours
2. 2 | P a g e
Resources are fully utilized and produce 450 million computers. When computer
production is zero, 500 million motor cycles can be produced. When motor vehicles
increase by 500 million computer production decrease by million 200,300,1000,1400
and 1600 accordingly
i. Construct a PPC using above information (03 Marks)
ii. Explain the shape of PPC and mention the reasons. (03 Marks)
3.
a. Suppose the demand and supply equations for X good in certain market are given
below.
Qd=900-9P
Qs=50+10P
i. Find the equilibrium price and quantity
ii. Suppose government impose minimum price as Rs.80 for this good
government should incur higher cost for purchase excess supply or deficiency
payment system?
iii. If the government selects the lower cost method how much save by the
government? (05 Marks)
b. “Maximum price always benefit to consumers” Do you agree? Explain. (04 Marks)
c. “The main reason for law of demand is price effect”. Explain the main factors.
(04 Marks)
d. “ the reasons for the law of demand impact on expansion of demand” Explain the
reasons using hypothetical example. (04 Marks)
e. What do you meant by “ Equilibrium Price? Explain the salient features. (03 Marks)
4.
a.
i. Explain the difference between “factor market” and “ good market”
(02 Marks)
ii. What are the main factors that determine the size of price elasticity of
demand? (02 Marks)
b.
i. Derive the two demand equations for the following graph. (02 Marks)
ii. Calculate the point elasticity at point “ A” and “B”. (02 Marks)
c.
i. Why does the supply curve slope upwards from left to right? . (02 Marks)
ii. The elasticity of supply at all points on a linear supply curve starts from origin
always equals to one. Do you agree? Explain. (02 Marks)
3. 3 | P a g e
d. Following table illustrates the demand quantities purchased by Y good by a
household with an increase in income levels
Income(Rs.Million) Quantity purchased by Y Good
2000 50
4000 200
6000 300
8000 350
10000 385
12000 395
14000 350
16000 250
Explain which income ranges this good considered as luxury, essential or inferior goods with
reasons. (04 Marks)
e. Explain the economic impacts at a minimum pricing when policies used price support
policy and excess supply purchasing policy briefly. (02 Marks)
5.
a.
i. What do you meant by returns to scale?
ii. Why does the economies of scale created? (02 Marks)
b. What are the alternative approaches that can be followed by perfect competitive firm
when outputs decide to achieve profit maximization in short run? (02 Marks)
c. Why does the Mahaweli paddy farmer consider as a supplier of perfect competitive
firm? (04 Marks)
d. Explain the difference between following concepts
i. Factor productivity
ii. Economic profit
iii. Economic cost (03 Marks)
e. In a certain economy following information has published. Answer the questions
using them.
Direct wages 15000
Raw materials 40000
Interest payments 20000
Fuel 5000
Rent 16000
Normal profit 25000
Administrative expenses 19000
Additional information is provided
Unit price Rs.750
Units produced 200
i. Average variable cost and Average Cost (03 Marks)
ii. Total Revenue and Total cost (03 Marks)
iii. Unit Profit (03 Marks)
4. 4 | P a g e
SUB SECTION B
6.
a. What do you meant by “production cost” in economics? How it differs from
“Accounting Cost”? Explain (04 Marks)
b. Explain the relationship between” Average Variable Cost” , “Average Cost” and “
Marginal Cost” using graph. (04 Marks)
c. What is the shape of demand curve faced by the perfect competitive firm? Explain
using a graph including reasons (04 Marks)
d. How does the production level determined by a perfect competitive firm to achieve
the maximum profit? (04 Marks)
e. Compare the monopolistic competition and perfect competition using appropriate
criteria. (04 Marks)
7.
a. What is meant by ‘Equilibrium national income’? Explain using a suitable graph.
(05 Marks)
b. “ An Economy could be achieved the equilibrium with or without an inflation or
unemployment according to the Keynesian income expenditure analysis” Explain this
statement using a diagram. (04Marks)
c. You are given the following data relevant to a certain economy. All statistics are in
Rs.millions.
Consumption Expenditure C=40+0.8Yd
Investment Expenditure I=200
Government Purchases G=100
Taxes T=50
i. What is the equilibrium output level? (02 Marks)
ii. What is the consumption expenditure at equilibrium output level? (02 Marks)
d. Calculate Average Propensity to Consume(APC) and Average Propensity to
Save(APS) at the equilibrium output level? (02 Marks)
e. The economy decide to increase government expenditure by Rs.15 million by cutting
down taxes by Rs.20 million.
i. By which policy a higher expansionary effect is occurred from these policies?
(03 Marks)
ii. What is the amount of effect to the equilibrium output by implementing this
policy? (02 Marks)
8.
a. What are the expenditure not included under the expenditure approach when
calculating GDP? (04 Marks)
b. How does circular flow of income can be used to estimate the total product value in
the economy? (04 Marks)
c. “When trade balance is zero GDP equals GDE” Do you agree? Mention your ideas
(04 Marks)
5. 5 | P a g e
d. Following information provided related to a hypothetical economy
Net foreign factor income 300
Net investment 400
Consumption 500
Government Expenditure 200
Wages 550
Net interest 400
Changes in inventory 150
Capital formation 300
Trade deficit 180
Budget deficit 50
Calculate following
i. Net National Product
ii. Gross domestic Savings (04 Marks)
e. Explain the importance of national account data (04 Marks)
9.
a. Explain the approaches which determine macro-economic equilibrium in national
income? (06 Marks)
b. State the difference between “ Autonomous Consumption” and “ Induced
Consumption” (04 Marks)
c. What are the withdrawals which make contraction on aggregate expenditure in
circular flow of national income of an open economy? (04 Marks)
d. Some macro economic data which are related to a hypothetical economy are given
below.
Consumption Expenditure C=200+0.75Yd
Investment Expenditure I=400billions
Government Purchases G=800billions
Net Exports NX=200billion
Calculate the following
I. What is the autonomous expenditure in this economy? (02 Marks)
II. What is the equilibrium income level? (02 Marks)
III. What is the consumption expenditure at equilibrium income level?
(02 Marks)
10.
a. Mention the three methods of national income estimation in Sri lanka. Why does three
approaches used? (04 Marks)
b. What are the main components included under the GDP estimated at market price?
(03 Marks)
c. What do you meant by value added? What are the main components? (03 Marks)
d. What is the impact on GDP by following?
i. Salaries paid for the government workers
ii. Purchase shares of domestic company by foreign investor
6. 6 | P a g e
iii. Purchase book by pensioner
iv. Pay direct tax to the government y company
v. Cleaning house by house wife (05 Marks)
e. Some information related to national accounts is given below, all are in Rs.millions.
Household consumption 400
Government purcahses 250
Corporate Gross profit( Depreciation 20) 100
Net foreign factor income -50
Net investment 60
Private income tax 100
Net indirect tax 80
Imports 150
Government transfer payments 120
Payments of dividends 20
Net exports -50
Corporate taxes 40
Other income not received by households 70
Calculate following
I. Gross Domestic product
II. National Income
III. Personal Income
IV. Disposable Personal Income
V. Personal Savings (05 Marks)