Money Banking and financial Markets‚ Interest Rates An interest rate is the rate at which interest is paid by borrowers for the use of money that they borrow from a lender. Specifically‚ the interest rate is a percent of principal paid a certain amount of times per period. Small companies often borrow capital from banks to buy new assets for its business‚ and in return the lender receives interest at a predetermined interest rate for deferring the use of funds and instead lending
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Tutorial Questions Introduction to Economics and Macroeconomics Discussion Questions 1 Explain why both nations with high living standards and nations with low living standards face the problem of scarcity. If you won $1 million in a lottery‚ would you escape the scarcity problem? You would not escape the scarcity problem even if you won $1 million in a lottery because the problem of scarcity will always be present. There will always be unlimited wants that cannot be satisfied due to limited
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Unit-1 Q1. Define micro and macro economics‚ Distinguish between them‚ and explain the scope‚ importance and its limitations Ans. modern economy analysis has been divided into two major branches that is micro and macro economics. Micro economics means the economics system which deals individual economics unit on the other hand macro economics means the economics unit which deals aggregate as a whole that is national income‚ general employment‚ and total out –put‚ general price level etc. These two
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Topic: analysis of economic indicators of oman INTRODUCTION Oman‚ officially called the Sultanate of Oman is an Arab state in southwest Asia on the southeast coast of the Arabian Peninsula. It is bordered by the United Arab Emirates (UAE) to the northwest‚ Saudi Arabia to the west and Yemen to the southwest. The coast is formed by the Arabian Sea on the southeast and the Gulf of Oman on the northeast. Oman is an absolute monarchy in which the Sultan of Oman‚ named Sultan Saeed bin Qaboos‚ exercises
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The national unemployment rate fell to 4.4 percent in October the lowest level of unemployment since May 2001. This is a sign of unexpected strength in the job market. [The unemployment rate is based on a survey of households‚ rather than the survey of employers used to calculate the payroll number. Unemployment does not include full-time students‚ the retired‚ children‚ or those not actively looking for a paying job.] The unemployment level is defined as the labor force minus the number of people
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India Economic Indicators Overall Rating: [0/5]Total Votes [ ] Rate this page: 1 2 3 4 5 The India economic indicators are essential as they given an accurate status of India’s economy at different points of time. Various types of Indian economic indicators are used for various periods of time. There are also indicators which are used for separate administrative divisions such as states. These help us to analyze the Indian economy. Gross Domestic Product of India The gross
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Effects of Raising Interest Rates If a central bank increases the base rate‚ this tends to increase all major interest rates in the economy. This means interest rates for both savers and borrowers will increase. Higher interest rates will have various economic effects: 1. Increases the cost of borrowing. Interest payments on credit cards and loans will be more expensive. Therefore this discourages people from borrowing and saving. People who already have loans will have less disposable income
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Definition of ’Macroeconomics’ The term Macro has been taken from the Latin word Macros which means big. The field of economics that studies the behavior of the aggregate economy. Macroeconomics examines economy-wide phenomena such as changes in unemployment‚ national income‚ rate of growth‚ gross domestic product‚ inflation and price levels. Macroeconomics Concerns Production Prices Income Employment National Production/Output Total Industrial Output Gross Domestic Product Growth of Output
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attend tutorial in week 12. 1. Topic: Saving‚ Investment and the Financial System Terms and definitions: * * Financial system * Financial market * Financial intermediaries * Market for loanable funds * Real interest rate * Investment tax credit * Budget deficit * Budget surplus * Balanced budget * National saving * Private saving * Public saving Questions 1. What is the role of the financial system? Name and describe two markets
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Version 111 THE UNIVERSITY OF WESTERN ONTARIO LONDON CANADA Jeannie Gillmore ECONOMICS 1022B-002/004 February 11‚ 2012 MIDTERM 1 INSTRUCTIONS: 1. The examination begins at 4:00 p.m. and ends at 6:00 p.m. 2. Check that your examination paper contains 14 pages. 3. Use a BLACK PENCIL to complete your Scantron Form. Print your NAME and complete your SIGNATURE. Enter your STUDENT NUMBER. Enter your SECTION NUMBER‚ which is either 002 or 004. 4. Please hand in Scantron Form only
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