Macroeconomics Analysis CA (GBAP3203)
Agribusiness Technology - ABT
Semester: Second Semester
Level: 300
Year: 2015
UNIVERSITY OF BAMENDA
COLLEGE OF TECHNOLOGY
DEPARTMENT OF AGRIBUSINESS TECHNOLOGY
MACROECONOMICS CONTINUOUS ASSESSMENT
1. How do economists define macroeconomics?
2. What does macroeconomics focus on in the overall economy?
3. List the main goals of macroeconomics.
4. List two differences and two similarities between macro and micro economics
5. With examples differentiate between GNP and GDP?
6. What are the components of the income approach of measuring GDP?
7. What are the differences between real and nominal GDP?
8. What are the problems of the output approach in measuring GDP?
9. What are the components of aggregate demand?
10. What is the difference between induced investment and autonomous investment?
11. How can von determine national income equilibrium in an economy with lumpsum taxes?
12. Why does government tax its citizens?
13. Describe the two main parts of a tax.
14. What do you understand by fiscal policy? Monetary policy?
15. How can one use an expansionary fiscal policy to combat recession?
167 How can the central bank control the supply of money in the economy?
17. With a typical example, explain how banks create money.
18. List the benefits of international trade.
19. List 5 types of trade restrictions with examples.
20. Explain the beliefs of mercantilism
21. What are the institutional structures that promote growth?
22. What are the basic assumptions of absolute and comparative advantages?
23. What do you understand by the terms ‘crowding out and ‘crowding in’ effects
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