Explain how microeconomics differs from macroeconomics. Which of the following headlines, taken from the various issues of The Daily Graphic, deal with 5A. microeconomics: a. “Nestle Ghana posted a 18% increase in sales" b. “GRIDCO plans to slash more jobs" c. “Ghana's Output Grew by 5.8%" d. “Housing starts soared 10% in September" e. “Ghana to Breach key Deficit Target it helped to create" Explain each issue why it is a microeconomic issue Justina owns the Just's Sobolo Store. She charges sobolo. You, the economist calculated the elasticity of demand for sobolo in her be 2.5. If she wants to increase her total revenue, Be able to explain 5.B GHS10 per bottle for her handmade town to what advice will you give her and why? your answer.

Hello: Which of the following best describes a microeconomic question? (A) What is the value of US dollar in terms of other foreign currencies? (B) Should a particular firm enter a market? (C) Is the company of Japan in a recession? (D) What is the value of the goods and services that the United States produces every year? (E) What is the aggregate price level in an economy?

Which of the following situations is not a macroeconomic objective? a. economic efficiency b. economic growth c. balanced budget deficit d. equitable distribution of income 2. Which of the following is an essential factor for the continuous growth process in the economy? a. government planning for what the country will produce b. the absence of private property c. research and development of new technologies and investment in new capital d. government intervention in economic activity 3. Which of the following alternatives measures the standard or standard of living? a. real gross domestic product b. per capita gross domestic product c. gross national product d. disposable income

1. Write a sentence or two defining the following terms in your own words. Give examples of each. a. Planned System b. Public Goods c. Recession

Macroeconomic models focus on the behavior of .A. individual households, business firms, and government agencies . B. individual nations in the foreign trade sector . C. the entire economy . D. large industrial sectors, such as manufacturing . E. individual business firms and government agencies

nciples of Macroeconomics Spring20 fall20 stion 16 Activities that encourage faster growth are yet wered Select one: ked out of a. taxes on saving that serve to encourage more spending and less saving. O b. high levels of consumption and low levels of savings. Flag question O c. developing trade barriers to protect national industries. O d. investment in new capital and human capital. evious page

Consider the macroeconomics process/perspective.    1). Do you think it helps the economy to implement macroeconomic theories, ideas? Why? Why not?   2). Do you think that the macroeconomic theories and ideas are relevant to you? why? why not?   3). Do you think that macroeconomic ideas produce an economy that is more unequal across citizens? Why? Why not?   4). Do you think macroeconomic theories and ideas are too old fashioned for our current economy? Why? Why not?

this question is for macronomics but on bartleby does not show any opiton for macronomics it just show economics     Table 20.4.4   Quantities 2013 2014 Bananas 1,000 bunches 1,100 bunches Coconuts 500 bunches 525 bunches       Prices 2013 2014 Bananas $2 a bunch $3 a bunch Coconuts $10 a bunch $8 a bunch   5) Refer to Table 20.4.4 above. The table provides data on the economy of Tropical Republic that produces only bananas and coconuts.    a) Calculate the Nominal GDP in 2013.  b) Calculate the Real GDP in 2014.  c) Calculate the GDP Deflator in 2014.

Explain the central problem of “how to produce” in economics

True or false? Economic change during the Civil War was part of Charles and Mary Beard meant when they called the war a second American revolution. The textbook makes a case that while the war accelerated prewar trends of innovation in modernization, it was hardly revolutionary in terms of changing the fundamental direction of the economy. And while statistically the war neither accelerated nor retarded long-term economic growth, it did Ladik we alter the section of the tribulation of wealth and output, very much to the advantage of the north