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Macro Economics Assignment Sample

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Added on  2021-06-16

Macro Economics Assignment Sample

   Added on 2021-06-16

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Macro Economics Assignment
Macro Economics Assignment Sample_1
Table of ContentsQ1...................................................................................................................................................3(a)GNP, GDP, NNP, NDP...............................................................................................................3(b) Calculation of net export & trade surplus or deficit in current account.....................................5(c) Relationship between national saving and current account balance..........................................6Explanation of balance of payment must be balanced.....................................................................6Q2....................................................................................................................................................6(a)Description of the macroeconomic indicators......................................................................6(b)Description of GDP gap(positive and negative) and impact on unemployment..................7(C) Impact of investing national output for stimulating the growth:...............................................7Q3....................................................................................................................................................7(a)Relation between full-employment rate of unemployment & frictional, structural, seasonaland cyclical unemployment.............................................................................................................8(b)Relation between Unemployment rate & Underemployment rate.......................................8Q4 ...................................................................................................................................................9(a)Slope of aggregate demand curve...............................................................................................9(b)Shifting of Aggregate Demand (AD) curves..............................................................................9(c)Shift of aggregate supply (SS) curve.........................................................................................11Reference:......................................................................................................................................14
Macro Economics Assignment Sample_2
Q1(a)GNP, GDP, NNP, NDPGDP =C+I+G+(X-M)C=HOUSEHOLD CONSUMPTIONC=services (education, medical visits, haircuts etc)+durable goods (cars, appliances, furniture)+non-durable goods (food, clothing, petrol)C=HOUSEHOLD CONSUMPTIONservices4000durable goods600non-durable goods 2000Total6600GDP ,Expenditure ApproachHOUSEHOLD CONSUMPTION6600Gross private domestic investment1000Change in business inventory50Government spending800Exports100Imports150GDP [C+I+G+(X-M)]8400GDP ,Income ApproachWages= Compensation of employees5000R= Rent = Rental income100I = Interest = Net interest500P = Profits = Corporate profit+ Proprietors’ income160
Macro Economics Assignment Sample_3
Costanza et al., (2009)0GDP [W+R+I+P]7200GDP [C+I+G+(X-M)]8400Capital depreciation950NDP7450Net national product (NNP) = NDP -Factor payments to the rest of the world(Musu, I., &Siniscalco, (2012))NDP7450Factor payments to the rest of theworld(interest & dividend paid to the overseasinvestors)300NNP7150GNP (Gross National Product) =GDP+ factor income received from abroad-factor income paidto abroadBalli et al., (2010).GDP [C+I+G+(X-M)]8400Factor payments from the rest of the world360Factor payments to the rest of the world300GNP7740(b) Calculation of net export & trade surplus or deficit in current account
Macro Economics Assignment Sample_4

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