I need it as soon as possible. Even tonight if possible. I need it tomorrow morning at 8 oclock


Question Description:

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I need it as soon as possible. Even tonight if possible. I need it tomorrow morning at 8 oclock 1 answer below » please see in the attached file Document Preview: BUECO5903 BUSINESS ECONOMICS
MACROECONOMICS ASSIGNMENT
Semester 2, 2013

The due date is provided in the Course Description.

Part B – Macroeconomics – Worth 10% of total assessment:
Answer any five (5) of the following nine (9) questions. Each question is worth 10 marks;

Question 1:

An economy is currently in equilibrium and the following figures refer to elements in its national accounts:

$ Billion
Consumption (total) 80 View complete question » please see in the attached file Document Preview: BUECO5903 BUSINESS ECONOMICS
MACROECONOMICS ASSIGNMENT
Semester 2, 2013

The due date is provided in the Course Description.

Part B – Macroeconomics – Worth 10% of total assessment:
Answer any five (5) of the following nine (9) questions. Each question is worth 10 marks;

Question 1:

An economy is currently in equilibrium and the following figures refer to elements in its national accounts:

$ Billion
Consumption (total) 80
Investment 7
Government expenditure 9
Imports 12
Exports 8

What is the current equilibrium level of GDP? (1 mark)

What is the level of injections? (1 mark)

What is the level of withdrawals? (1 mark)

Assuming that tax revenues are $7 billion, what is the value of savings? (1 mark)

If GDP now rises to $80 billion and, as a result, the consumption of domestically produced goods rises to $58 billion, what is the MPCd? (i.e. marginal propensity to consume domestic goods) (2 marks)

What is the value of the multiplier? (2 marks)

Given an initial level of GDP of $80 billion, assume that spending on exports rises by $4 billion, spending on investment rises by $1 billion, while government expenditure falls by $2 billion. By how much will GDP change? (2 marks)

Question 2:

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)

A new bulldozer to be used by a construction company;

A windscreen purchased by a motor vehicle spare parts supplier;

A home call car tuning service as a franchise of large national chain;

Coking coal

An economy produces final goods and services with a market value of $900 billion in a given year, but only $875 billion worth of goods and services is sold to domestic or foreign buyers.
Is this nation’s GDP $900 billion or $875 billion? Explain your answer. (2 marks)

Explain why a new truck sold for use by a transport company is… Attachments: BUECO5903-Mac….doc View less » Oct 07 2013 01:05 PM

Answer

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