Micro ans Macro Economics

FRANK ROODT Student number: 8069 - Comments

Assignment 2

Question 1

In this question you only got one wrong that 1.18, the answer is supposed to be D but you wrote A

Question 2

You did not include the graph hence you did not answer the question. You lost about 12marks

Question 3

All your formulas are wrong hence the figures for your answers are wrong. You lost 5marks. As an example I have provided you with two of the correct formulas

GNP @mp: GDP @ mp – net factor payments to foreign countries

NNP @ mp: GDP @mp –provision for depreciation-net factor payments to foreign countries

Question 4

You omitted the macro economic stability - Equitable distribution of national income. You lost 2 marks

Question 5

You lost 20 marks because you misunderstood the question. The types of unemployment are: frictional, structural, seasonal and cyclical. These are the ones you were supposed to discuss

Question 6

You lost 7 marks because you did not match the correct column A to column B. I have highlighted them in yellow.

Question 7

Your formulas are still incorrect.

Question 8

8.1 Who is the Minister of Finance, NOT the function. You were just supposed to mention his name

8.3 Said in table format and you did not include a table at all

Q1 = 19/20

Q2 = 0/12

Q3 = 0/5

Q4 = 8/10

Q5 = 3/23

Q6 = 3/10

Q7 = 1/5

Q8 = 5/15

Total = 39/100 - 39%

My comment is read more and please make sure you understand the question before answering it.

Assignment 1

Question 1

1.4 is incorrect. The correct is D

Question2

You lost marks because you did not include the figures in the graph you draw

Question 3

3.1 You lost marks because you did not draw graphs, the question says with the aid of GRAPH. You only wrote

Question 4

Everything is correct

Question5

You lost 12 marks on this question because you misunderstood the question. You were only expected to use a simple demand and supply and say what which of the two shifts. Read chapter 8 in the text book

Question 6

You did not answer 6.2 and 6.3

Question 7

You lost marks 20 because you did not include graph in your comparison of monopoly and perfect competition.

Question 8

You did not include the MC column also your AC cost is wrong, AC=TC/q

You also did not include answers to 8.2 and 8.3

Q1 = 9/10

Q2 = 15/25

Q3 = 12/25

Q4 = 5/5

Q5 = 0/12

Q6 = 10/18

Q7 = 20/40

Q8 = 3/15

Total = 74/150 - 49%