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Assignment Finalterm Mba

This document contains instructions for assignments on various economics topics for a final term macroeconomics course. It includes definitions of key terms like GDP, GNP, NI; explanations of how to calculate GDP using different approaches and how to calculate inflation rates and GDP deflator; descriptions of aggregate demand and supply, money functions, monetary policy tools, and motives for money demand. Students are asked to define terms, distinguish concepts, calculate economic indicators from data, illustrate economic models, and explain banking and monetary policy concepts.

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Kazi Shafiqul Azam
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© Attribution Non-Commercial (BY-NC)
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Download as DOC, PDF, TXT or read online on Scribd
96 views

Assignment Finalterm Mba

This document contains instructions for assignments on various economics topics for a final term macroeconomics course. It includes definitions of key terms like GDP, GNP, NI; explanations of how to calculate GDP using different approaches and how to calculate inflation rates and GDP deflator; descriptions of aggregate demand and supply, money functions, monetary policy tools, and motives for money demand. Students are asked to define terms, distinguish concepts, calculate economic indicators from data, illustrate economic models, and explain banking and monetary policy concepts.

Uploaded by

Kazi Shafiqul Azam
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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ASSIGNMENT FOR FINAL TERM Economics for Managers (MACRO) Last date of submission !

ate of Fina" E#amination


$% & a. Define the following terms: i) Gross National Product (GNP) ii) Gross Domestic Product (GDP) iii) Net Domestic Product (NDP) iv) National Income (NI) v) Personal Income (PI) vi) Disposable Personal Income (DPI) b. Distinguish between GNP and GDP. C. how how calculate from GDP to Disposable Personal Income (DPI) with an e!ample. $% ' a. "!plain the value added method of GDP measurement. b. #hat is the e!penditure approach of GDP measurement$ "!plain the e!penditure components of GDP. c. #hat is the income approach of GDP$ "!plain the income components of GDP. $% ( a. #hat is circular flow model$ Illustrate the circular model of an open econom%. b. Compare the e!penditure and income approach of GDP measurement. $% ) a. Distinguish between nominal GDP and real GDP$ uppose a countr% is produced the following goods and services in the different %ears that are given in the below table: &ear 'ood helter Cloths ()*unit +uantit% ()*unit +uantit% ()*unit +uantit% ,--. /0,-0,-10/0-,--2 10/-0/-0,,-0/,--1 0-,--,--02/ ,/,-i. Calculate the Nominal GDP for each %ear3 ii. 'ind the 4eal GDP for each %ear ta)ing ,--. as base %ear3 iii. 'ind the GDP deflator for ,--2 and ,--1. b. #hat steps are followed for constructing CPI$ uppose a mar)et bas)et consists of the following consumption goods which are shown in the table below &ear ,--/ ,--. ,--2 #heat 5anana Chic)en +uantit% Price +uantit% Price +uantit% Price (6g) (()*6g) (Do7en) (()*Do7en) (6g) (()*6g) 0,8,/0/ 90,:,.0/ 0,0,:/ ,2/ 0/ 0/i) Compute the CPI in ,--.. ii) Calculate the inflation rate for the %ear ,--2 and interpret %our result.

c. Distinguish between GDP deflator and CPI$ Consider the following data on e!penditures for the Countr% ; in the %ear ,--2 (Data are in millions of dollars.) (8</) Consumption "!penditures..................=8>:-Government Purchases.........................=01/Investment pending (gross).................=9:"!ports................................................... =./Imports????????????... =1:Calculate GDP deflator assuming that 4eal GDP for ,--2 @ =:---. $% * a. #hat does indicate aggregate demand (AD) and aggregate suppl% (A )$ b. uppose a two sector closed econom%> the consumption and investment functions are given as follows: C + &,,, - ,./, 0 and I + ',,, i. ii. iii. iv. v. 'rom the consumption function> find the autonomous consumption and marginal propensit% consume (BPC) and interpret the BPC. 'ind the level of eCuilibrium income and the value of the multiplier. 'ind out the saving function and Barginal Propensit% to ave (BP ). #hat will be the effect on eCuilibrium level of income if I increase b% 0--- units$ Draw a diagram indicating the eCuilibrium points.

$% 1 a. Define mone%. Describe the functions of mone%. b. #hat is B0 and B, mone%$ c. #hat is fractional reserve ban)ing s%stem$ Dow a ban) can create suppl% of mone% through fractional reserve ban)ing s%stem$ "!plain with e!ample. $% 2 a. #hat are the maEor functions of central ban)$ "!plain the )e% instruments of monetar% polic% for controlling the mone% suppl% of the econom%. b. #hat does mean demand for mone%$ #hat are the different motives of demand for mone%$ "!plain.

EN!

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