ECONOMICS

Describe John Maynard Keynes’ contribution to the theories of Macroeconomics. Why was he such an important economist? Discuss the theories of two other 20th century economists who made a significant contribution to the study of economics.

Part II

Population – 500,000

Total Production – 100,000units of cars per year

Consumption – 90,000 units of cars

Imports – 50,000 units of cars

Government buys 25,000 units of cars

Companies bought 10,000 units of cars

Export – 65, 000 units of cars