Group "A"
Brief Answer Questions
Attempt ALL questions.
1
Prepare a list of limitations of macroeconomics.
[2 marks]
2
How is unemployment rate computed?
[2 marks]
3
What are the components of labour market equilibrium?
[2 marks]
4
Derive foreign trade multiplier.
[2 marks]
5
Write any four objective determinants of consumption function.
[2 marks]
6
Differentiate between nominal GDP and real GDP.
[2 marks]
7
What are the importance of macroeconomics?
[2 marks]
8
Write any two assumptions of Say's law of market.
[2 marks]
9
What are the determinants of effective demand?
[2 marks]
10
Value-added method avoids double counting. Why?
[2 marks]