Tutorial 1 Chapter 2: Macroeconomic accounts Multiple choice questions Question 1 Ignoring errors and omissions in the balance of payments accounts‚ if official interventions (Off) are positive‚ what may we conclude? a. That at least one of the current account (CA) and the private financial account (FA) was a deficit. b. That both the current account (CA) and the private financial account (FA) were a deficit. c. That either the current account (CA) or the private financial account (FA)
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Analysis of Macroeconomic Indicators Of China Analysis: Macroeconomic Indicators along with values is provided in the below table Macro Economic Indicators | Value | GDP Growth Rate | 9.1% | IIP Growth Rate | 14% | Agricultural Growth Rate | 4.3% | Fiscal Deficit | 800 billion yuan | Interest Rates | 6.56% | Exports | 180.2 billion USD | Imports | 148.5 billion USD | Current Account Deficit | 59.8 billion USD | Inflation | 7.65% | Foreign Exchange Reserves | 3.24 trillion USD | GDP Growth
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| 2012 | | AIU ONLINE Giovanna Alyssa Garcia | [Macroeconomics week2] | | In this week’s assignment we are to evaluate two industries. The following paragraphs describe both industries and its characteristics. By defining these industries I will determine its effects on the other markets in that firm and whether or not other firms can or cannot succeed. If Industry A has twenty firms with a concentration ratio of thirty percent this is known as a monopolistic company with a low
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High budget deficits will certainly affect the overall economic growth and the debt that the U.S. has to struggle with. High budget deficits today will reduce the growth rate of the economy. Economic growth is defined in the text‚ Principles of Macroeconomics‚ as “an increase in the total output of an economy. It occurs when a society acquires new resources or when it learns to produce more using existing resources” (Case‚ Fair & Oster‚ 2009‚ Pg. 422). It is assumed that future generations will
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ECONTWO: EXERCISE 1 WINFRED M. VILLAMIL 3rd TERM‚ 2013-2014 --------------------------------------------------------------------------------------------------------------------------- I. Indicate to which the following items of GDP belong by writing C for personal consumption expenditure‚ I for gross capital formation‚ G for government spending‚ and EX for exports. Write O if it is excluded from current GDP. O 1. Payment by the government of social security benefits to a retired public
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GDP is expected to grow by 5.1% for both 2013 and 2014‚ driven by higher consumer and business spending. As the global recovery gathers speed in 2014‚ Malaysia’s external sector will increase its contribution to growth‚ offsetting the impact of tighter fiscal policies on the domestic economy. Malaysia’s recent economic performance and near term outlook owes much to the commodities sector‚ which includes crude oil‚ natural gas‚ rubber and palm oil. The sustainability of Malaysia’s favorable near-term
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Chapter 13 Fiscal Policy * Government funds many programs through tax revenues * Government transfers- payments by the government to households for which no good or service is provided in return * Social insurance programs- gov. programs (transfer payments) intended to protect families against economic hardship * Social security * Medicare * Medicaid * Gov. purchases- national defense and education are the biggest categories
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Compare the macroeconomic performance of your chosen country to that of the UK Relative levels of macroeconomic development Germany’s level of GDP per capita compared to that of the UK is higher‚ seeing as it was $39 100 in 2012 while the UK’s was $32 272. Germany’s HDI ranking compared to the UK is also higher; they come in at 5th while the UK comes in at 26th. Comparative rates of macroeconomic progress Germany’s GDP growth rate in comparison to the UK’s is higher‚ Germany’s is 0.9% and the UK’s
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Fundamentals of Macroeconomics Fundamentals of Macroeconomics Stafford M. McClendon ECO372 University of Phoenix Online Part 1 Describe the following terms in your word. • Gross domestic product (GDP) The Market value or measure of how strong a countries economy is. Also a measure of the dollar value or goods produced at a given time period. • Real GDP Real GDP represents the actual dollar value exercised for constant change. Market
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• An increase in money supply causes inflation. (positive statement). • Government budget deficits are higher during recessions. When the government spends more than it collects in revenues‚ recessions result. (association by causation). • Macroeconomics is the study of nation and global economics without assuming individuals are rational. • Increase in the income of consumers would result in an increase in the equilibrium price of iPods. • A market allocation system leads to the increase of
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