fb
$20 Bonus + 25% OFF
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
Add File

Error goes here

ECON1010 Introductory Microeconomics

tag 0 Download8 Pages / 1,842 Words

Questions:

Consider a closed economy in which GDP equals $20 billion, consumption equals $13 billion, government purchases equal $3 billon and tax revenue equals $1 billion. Use this information to answer the following questions:

What is private savings equal to in this economy?

What is public savings equal to in this economy?

How would the level of public savings impact the supply of loanable funds?

What is national saving equal to in this economy?

What are net exports equal to in this economy?

What is investment equal to in this economy?

Explain how labour productivity is determined. In your answer address why human capital is considered to be so vital to lifting labour productivity levels. To illustrate your understanding provide an example. Your answer should be between ½ page and a full page.
 
When Hans Rosling talks about China ‘catching up’ with the United States, explain in more detail what he means by this? Your answer should be around ¼ of a page.
 
How can free trade help middle income countries or emerging economies ‘catch up’ with the high income or developed economies? Your answer should be ½ a page and include a relevant example.
 
On the y-axis of the visualisation Hans Rosling presents in the Gapminder video, income per person is shown. What is an alternative label or term that we have used in the course that means the same as income per person?
 
The income per person referred to in part c. above is ‘inflation adjusted’. Why is it necessary to adjust this for inflation? Your answer a should be no longer that ¼ of a page

Having read the Report answer the following questions:

The report identifies one the forces shaping the future as automation. Discuss how automation may impact unemployment in years to come. In your discussion be sure to identify the type(s) of unemployment it may lead to and comment on what policy makers can do to address this. Your answer should be around ½ a page.
 
Globalisation is a dominant economic force that creates new opportunities but also presents some challenges. Provide an example from Australia of an industry or sector of the economy that has suffered job losses as a result of globalisation. In your answer explain why globalisation can create unemployment in some industries or sectors of a national economy.  Your answer should be around ½ a page.
 
Comment on something you have found interesting from reading the Report (that differs from your answers in parts a and b). Your answer should be in one long or two shorter paragraphs.
Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Upload
Unique Document

Document
Under Evaluation

Get Money
into Your Wallet

Total 8 pages, 1 USD Per Page

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2021). ECON1010 Introductory Microeconomics. Retrieved from https://myassignmenthelp.com/free-samples/econ1010-introductory-microeconomics/investment-equal-to-in-this-economy.html.

My Assignment Help (2021) ECON1010 Introductory Microeconomics [Online]. Available from: https://myassignmenthelp.com/free-samples/econ1010-introductory-microeconomics/investment-equal-to-in-this-economy.html
[Accessed 27 October 2021].

My Assignment Help. 'ECON1010 Introductory Microeconomics' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/econ1010-introductory-microeconomics/investment-equal-to-in-this-economy.html> accessed 27 October 2021.

My Assignment Help. ECON1010 Introductory Microeconomics [Internet]. My Assignment Help. 2021 [cited 27 October 2021]. Available from: https://myassignmenthelp.com/free-samples/econ1010-introductory-microeconomics/investment-equal-to-in-this-economy.html.


Whether you find it hard to write your assignments or cite the sources, MyAssignmenthelp.com has got everything covered for you. Our citation experts are familiar with all formats such as MLA, APA, Oxford, Vancouver, Harvard, etc. We charge nothing for the citations when you get urgent assignment help from us and let our experts write your entire paper.

Latest Economics Samples

BU1003 Economics For Sustainable Business

Download : 0 | Pages : 5

Answer: Introduction On the subject of implementing the Goods and Services Tax (GST) in India, the study identifies the impact of lowering the GST levy on batteries from 28 percent to 5 percent on the Indian battery market in terms of price, quantity demanded, consumer and producer surplus (Mishra, 2017). Also, the study evaluates the impact of the same on Electric Vehicle market as well as the petrol vehicle market in India. Lastly, the infl...

Read More arrow Tags: Singapore Management University of Singapore 

ECON 3041 Managerial Economics

Download : 0 | Pages : 3

Answers: Question 1: Water is not scarce as gasoline in America. However, according to Americans bottled water has more value than gasoline and that is why they are willing to pay more for the water that is a renewable resource than for gas that is a non-renewable resource. Question 2: Water itself Culture When the Americans purchase bottled water at a higher price, it is because they are paying for the water itself and also for the l...

Read More arrow Tags: Australia Marilao Management Marketing Professional University of Queensland MBA 

ECON1008 Principles Of Economics

Download : 0 | Pages : 5

Answers: 1. This news article talks on the new 10% GST levied on Netflix services which has led to a rise in the price of Netflix plans. There has also been a hike in price of its plans by Netflix, to support the introduction of new content. The combined effect of tax hike due to GST and Netflix’s own price hike is an increase in the price of Netflix services. This rise ranges from $1 to $9.99 per month for the basic plan, while the fou...

Read More arrow Tags: Australia Sydney Management Business Economic Concepts University of Sydney MBA 

MPE 781 Economics For Managers

Download : 0 | Pages : 16

Answers: Introduction:  Over the last few decades one of the most bothering and disturbing issues in a global level have been the drastic climatic changes and the phenomenon of global warming. Global warming in simple words means an increase in the overall average temperature of the earth, at a pace, which is faster than normal. This phenomenon, though not accepted by a few, is mostly perceived to be occurring in the recent times and has...

Read More arrow Tags: Australia Box Hill South Economics MPE 781- Economics for Managers University of Queensland MBA 

ECO511 Economics For Business

Download : 0 | Pages : 5

Answer: Introduction The governments often employ both monetary and fiscal instruments to stabilize the economy. During seasons of depressed demand, expansionary policies such as reduction in the interest rates, tax cuts and increase in government expenditure are employed. On the other hand, when the economy is overheating, the governments deploy contractionary policies (Sloman, Wride, & Garratt, 2015). Therefore, this article examines how t...

Read More arrow
Next

5% Cashback

On APP - grab it while it lasts!

Download app now

*Offer eligible for first 3 orders ordered through app!

ribbon
callback request mobile
Have any Query?