Business, 07.08.2021 14:00 sippincoronas

Question 1 (6 marks) a) Think about the Model of Aggregate Demand and Aggregate Supply. How can this model be used to make predictions about the economy of Bangladesh?
b) Use the sticky wage theory to explain in detail the upward slope of the SRAS supply curve?
Question 2 (3 marks)
a) Let’s assume the real GDP of country Z is increasing. James concludes that now the citizens of country Z can enjoy more goods and services. Why might his conclusion be wrong? Discuss in detail.
b) The GDP of country A is higher than GDP of country B. Floyd concludes that the total income of the citizens of country A must be greater than country B. Why might his conclusion be wrong?When might his conclusion be correct?
Question 3 (4 marks)
Use the Circular Flow Model to explain how the economy of Bangladesh functions.
Question 4 (5 marks)
a) There are two methods of calculating GDP: income approach and expenditure approach.
According to your opinion which method is better suited for calculating the GDP of Bangladesh? Briefly explain the reasons behind your answer.
b) When calculating the GDP using the expenditure method why do we subtract “imports”?
c) When calculating the GDP of Bangladesh using the income approach why do we add the“earnings of foreigners living in Bangladesh”?
d) When calculating the GDP of Bangladesh using the income approach why do we subtract“earnings by Bangladeshis living in foreign countries”?
Question 5 (4 marks)
How might a lockdown affect an economy? Use the Model of Aggregate Demand and Supply to explain in detail.
Question 7 (4 marks)
a) The unemployment rate in Bangladesh in 2020 was reported to be 5.30%. What does this mean?Explain briefly.
b) Is it ever possible to have zero unemployment in an economy? Why or why not? Explain in detail.
Question 8 (4 marks)
a) In 2019 the CPI of Bangladesh was 258.65 and in 2020 it was 273.26. What are all the information we can obtain from the given CPI values.
b) How can business organization use the given CPI values to adjust the wage of their employees?

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 01:20

Suppose a stock had an initial price of $65 per share, paid a dividend of $1.45 per share during the year, and had an ending share price of $58. a, compute the percentage total return. (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. what was the dividend yield and the capital gains yield? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

Answers: 2

Answer

Business, 22.06.2019 12:00

Identify at least 3 body language messages that project a positive attitude

Answers: 2

Answer

Business, 22.06.2019 13:10

You have recently been made a department head of the new regional office. in getting to know your departmental staff, you have noticed that one of your inexperienced employees is not following through on assigned tasks. she is enthused about her new job and wants to get ahead in the organization. which alternative represents the most effective leadership style: a. discuss the lack of follow-through with her and explore thealternative ways this problem can be solved. b. specify what she must do to complete the tasks but incorporate any suggestions she may have. c. define the steps necessary for her to complete the assigned tasks and monitor her performance frequently. d. let her know about the lack of follow-through and give hermore time to improve her performance.

Answers: 1

Answer

Business, 22.06.2019 19:30

Which of the following businesses is most likely to disrupt an existing industry? a. closer connex developed an earphone that receives emails and text messages and converts them to voice messages. the first models had poor reception, but they rapidly improved over time. b. mega technologies reconfigured the components used in its touchscreen tablets to create a new type of wearable device for use in restaurants and other service industries. c. particle inc. developed a teleportation technology that can transport physical materials instantaneously across great distances. d. altrea added advanced camera technology to its premium line of smartphones so that they would take the highest-quality photos of all phones on the market.

Answers: 1

Answer

You know the right answer?

Question 1 (6 marks) a) Think about the Model of Aggregate Demand and Aggregate Supply. How can thi...

Questions