National income accounting questions | form six Economics

Given Consumption=+0.2Y, Investment=Tshs 200

1. Find the equilibrium level of income
2. By how much should the investment spending increase if the government wishes to increase the level of national income by 1000.

Answer / Solution

UNSOLVED

The following data show the national income figures , price indices and population for a hypothetical country.

1. Calculate real national income in both years
2. Find real national income per capita in both years
3. Comment on the change in potential welfare.

Answer / Solution

UNSOLVED

Complete the following data which relates to a closed economy with no government activity.

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UNSOLVED

1. State accelerator theory
2. Complete a table below;

100. Complete a table below;

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UNSOLVED

Discuss the main determinants of the size of national income.

Answer / Solution

UNSOLVED