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Given the following hypothetical data (in millions of naira):
1. gross private domestic investment N592. contributors for social insurance N83. interest paid by customers N34. personal consumption expenditures N2065. transfer payments N206. undistributed corporate profits N137. indirect business taxes N258. net exports of goods and services N49. capital consumption allowances N2110. government purchase or goods and services N5911. corporate income tax N2212. personal taxes non-tax payments N29Calculate
a) gross national productb) net national productc) national incomed) personal incomee) disposable income
The recessionary gap in a country is $1 trillion. The spending multiplier is 5. For every $50 billion borrowed, interest rates increase by 0.1 %. For every 0.1% increase in interes
What effect do non-tradable goods have on PPP? Answer: The consequence is quite substantial. In 1997 the production of non-tradable goods accounted for about 55% of U.S GNP.
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Q. Explain why under fixed exchange rate, monetary policy is ineffective whereas under floating exchange rate it is effective in rising output. Answer: In floating by purchasi
Why Adam Smith theory cannot be applicable?
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why is international trade important for south Africa?.
Q. A naïve implication of the DD - AA framework is that either fiscal or monetary policy can lead to full employment. Discuss why this view is naïve. Answer: 1. Inflation m
Q. What types of international transactions are recorded in the balance of payment accounts? Answer: Three kinds' transactions that involve exports and imports of goods and s
what is the publication of opportunity cost theory?
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