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The per capital income in Ghana and Nigeria for the year 2019 are 4605 and5927 dollars respectively.discuss the flaws of using these figures to suggest that the welfare of people living in Nigeria is better than those living in Ghana
Critically analyse how an increase in wages can lead to cost- push inflation as well as demand-pull inflation

Q1. The per capita income in Ghana and Nigeria for the year 2019 are 4605 and 5927 dollars respectively. Discuss the flaws of using these figures to suggests that the welfare of people living in Nigeria is better than those living in Ghana.



Q1. The per capita income in Ghana and Nigeria for the year 2019 are 4605 and 5927 dollars respectively. Discuss the flaws of using these figures to suggests that the welfare of people living in Nigeria is better than those living in Ghana.



Explain using the IS-LM and AD-AS models how Fiscal Policy and Monetary Policy can be used during covid19 to stabilize the economy.
The table below shows 2018 national income figures of a hypothetical economy. All figures in the table are in billion Ghana cedis. Use the information in the table to answer the questions that follows:
Employees compensation 100
Net interest. 85.2
Indirect taxes. 40.1
Subsidies. 1.2
Rental income 20
Corporate profits. 42
Fringe benefits. 3.5
Transfer payments. 0.4
Depreciation. 4.2
Net property income from abroad. -5.6
Direct taxes. 25.6
Social security contribution 12.1
a) calculate Net income, Net national product, GNP, PI, GDP
b) suppose in 2018, the population and price index of the hypothetical economy is 30,000,000 and 202, calculate GDP at constant prices and per capita income of the hypothetical economy.
The exchange rate of US Dollar to Kenya shilling has moved from 104 in March to 108 (Kenya shilling to one dollar) as of now. Discuss the factors that may have contributed to that movement.
Money demand and money supply is given by (M/P)d = 1000r and (M/P)S=1000 and the price level is 2
a) Graph the supply and demand for real money balances
b) What is equilibrium interest rate?
c) Assume the price level is fixed
d) what happens to equilibrium interest rate if the supply of money is raised from 100 to 1200
e) If the central bank was to raise the interest rate to 7% what money supply should it set?

The Humphrey–Hawkins Act of 1978 required that the federal

government maintain an unemployment rate of 4% and hold the

inflation rate to less than 3%. What does the inflation-unemployment

relationship tell you about achieving such goals?


Q1. Critically analyse how an increase in wages can lead to cost-push inflation as well as demand-pull inflation


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