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Compare and contrast the permanent income hypothesis and the relative income hypothesis in explaining consumption behavior in a modern developing country such as Kenya. (8marks)
b) Explain why a little inflation is always necessary so as to grease the wheels of the
economy (4marks)
c) Discuss the key assumptions of the Mundell - Fleming model ( 5marks)
d) Explain five indicators of a developing country (5 marks)
e) Demonstrate your understanding of the concepts of inflationary gap and deflationary
gap and show how they can be corrected (6 marks)
A thermal power plant generates 4000 KW and 400 KW for auxiliaries. Determine th net thermal efficiency if the heat generated by fuel is 15,000 KW.
The commodity and money markets of Juja farm, a hypothetical economy are as
given below:
Commodity Market
Y = C + I
C = 1000 + 0.8Y
I = 2000 – 0.75r
Money Market
Lt = 0.25Y (Transactions and precautionary demand for money function)
Ls = 1000 – 0.5r (Speculative demand for money function)
Ms = 3200 (Money supply function)
Required:
i) Mathematically derive both IS and LM curves. (6 marks)
ii) Derive the equilibrium level of Income and rate of interest.
(4 marks)
iii) If the money supply is increased by 80, what would be the effect on the equilibrium level of income and rate of interest in Juja farm economy?
According to one survey in India, 75% of Instagram users love REELS. Suppose that 25 Instagram users (randomly selected) have been approached in the university located in vile Parle. They have been asked about their status of like/ dislike the Instagram- REELS.
a) What is the probability that exactly 15 of them would agree with the claim ( or said they love Insta-REELS) ?
b) What is the probability that Exactly 20 of them would agree with the claim (or said they love Insta-REELS) ?
if the p - value is 0.0340 how can we use it in making a decision.
Three airlines serve a Srinagar. Airline 'Amira' has 50% of all the scheduled flights, airline 'Biyas' has 30% and airline 'chinar' has the remaining 20%. Their on-time rates are 80%, 65%, and 40%, respectively.
Part 1) Draw the Probability tree diagram.
What will happene to your DNA if hydrogen bonding disappears.
explain what will happen if an alien intervention somehow removes hydrogen bonding from sea water and you are sailing a ship in atlantic ocean
The ball is tied to a string to whirl it having a radius of 40.0 cm at a velocity of 2.5 m/s. What will be
the acceleration of the ball?
#339914 on Dec 2023