List the key simplifying assumptions of the traditional macro model concerning: 1. The forms of capital included in the model 2. The sectors of the economy 3. Who in the economy produces and invests

In a business cycle , what are the features of stages of expansion ? a ) Rise in national output , Rise in consumer expenditure , Bank advances grow rapidly . b ) Rise in national output , Rise in capital expenditure , Bank advances grow rapidly . c ) Rise in national output , Rise in consumer and capital expenditure , Bank advances grow slowly . d ) Rise in national output , Rise in consumer and capital expenditure , Bank advances grow rapidly .

Distinguish between the following concepts as they apply to Elements of Macroeconomics. Give examples to support your answers a. Nominal GDP and Real GDP b. Procyclical variable and Countercyclical variable

define macro economic

Draw the circular flow diagram of 4 main components (Agents) of macroeconomics and clearly show the interaction among them.

The following abstract appeared in gultnews.com on January 14th, 2019. "The UAE is forecast to achieve an annual average real GDP growth rate of 3.89% between 2019 and 2023, supported by an increase in investment Nows and private consumption A Would the nominal rate be less, the same or more than 3.8% Explain your answer discussing the difference between nominal GDP and8 GDP is used up by FOUR ultimate users Who are they? C Discuss whether the method that you use to calculate GDP influence the final result

What is this business cycle all about in Macroeconomics? 1. Consumers/households 2. Business/Enterprises 3. Employees 4. Government

explain how the circular flow method can be used to illustrate relationship between key participant in the economy

Write down an equation of motion which takes into consideration technological advancement and what condition must be true if the economy is in the steady state. Be sure to label what the components are.

Consider the simple Circular Flow model, shown below. Use it to answer the next several questions. Factor Market € Product Market Firms/Businesses Households What does the Product Market represent? The flow of items (resources and final good/services) around the economy O The flow of money Where the value of inputs are determined Where the value of final goods and services are determined O The role of the government in the economy