Question

Preferred e-mail address! - Answer each of the following, equal weighed questions. 1. List all of the following which are typically concerns of macro-economics. a. Growth of Gross Domestic Product b. Imperfect competition, i.e., monopolies and oligopolies. c. Deflation. d. The distribution of income. e. The tax treatment of capital gains. f. Nominal interest rates. 2. Indicate whether each of the following data series are treated as endogenous or exogenous in the economic models presented in Chapters 1 through 12 of Mishkin's Macroeconomics textbook. Data Series Endogenous/Exogenous a. Gross Domestic Product b. Size of the Labor Force c. Size of the Workforce d. Capital/Labor Ratio e. Depreciation Rate f. Savings Rate 3. Indicate the relative sizes of the following components of U.S. gross domestic product order of usual relative magnitude. Indicate the largest with "1" and the smallest with "4". Government Purchases Personal Consumption Expenditure Net Exports Investment 4. Write the formula for real 2018 GDP in 2000 dollars using the following notational format. P2018 = Price Index in 2018 P2000 = Price index in 2000 Y2018 = Nominal GDP in 2018 Y2000 = Nominal GDP in 2000 Formula

Answer 1

Answer to first question is provided :

1) Macro economics is that branch of economics which deals with aggregates or the economy as a whole .

a) Growth of GDP

c) Deflation

d) The distribution of income

Macroeconomics mainly deals with employment , inflation , growth , distibution among factors of production , trade etc .