MACROECONOMICS 1 (ECON1246 / ECON1273) assignment 代写

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  • MACROECONOMICS 1 (ECON1246 / ECON1273) assignment 代写


    MACROECONOMICS 1 (ECON1246 / ECON1273)
    Assessment 2 Part 2
     
    Submit online at the ‘Assessment Task’ in Blackboard by: 6 PM 12 April (Wednesday)
     
    Student Name: ___________________________
    Student ID: ______________________
    Group: _________________________
     
    This assignment covers the following topics:
    ·              Inflation – Topic 5
    ·              Unemployment – Topic 6
     MACROECONOMICS 1 (ECON1246 / ECON1273) assignment 代写


    READ THE FOLLOWING FIRST
    ·  This assessment contributes 15% of the overall marks for the course.
    Only a single attempt of submission is permitted.  Please ensure to attach the final version of the assessment.
     
    ·  Use this Word template only for your submission (i.e., write down your answers in the space provided in each question).
    The font size has to be at least 11.
     
    ·  Explain your answers, but be succinct (brief and relevant).
      Show all of your working in order to get partial credits.
     
    ·  After the due date any late submission will be marked as ‘late’. A penalty of 10% of the allocated marks (i.e., 1.5 marks) per day will apply for late submissions.
     
    ·  Make sure you have included your student ID and name in the front page of the assignment
    Working with other fellow students is encouraged. However, you cannot just copy your friend’s answers.  This is considered academic plagiarism. See ‘students responsibilities’ at RMIT’s policy on this:  http://www1.rmit.edu.au/browse;ID=sg4yfqzod48g1
     
     

     
    Study the following data for the economy of Universal. It is to be used to answer Question 1.
      2013 2014 2015
    Nominal Gross Domestic Product ($ millions) 1,500,000 1,575,600 1,646,200
    GDP deflator 100 101.0 107.0
    Index of consumer confidence 95 115 80
    Index of business confidence 85 110 90
    Unemployment rate (%)   2.5 6.5
    Natural rate of unemployment (%)   4.0 5.0
    Index of production costs  100 100.5 107.6
    Worker productivity (% change) - 2.0 1.0
     
    Question 1                                                                  (7 marks)
     
    (a) Identify the phase of the business cycle for Universal in 2015.  Explain identifying two reasons for your answer.
     
    ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
    ____________________________________________________________________________________________________________________
     
    (b)    Explain the type of unemployment that increased in 2015?
     
          __________________________________________________________      __________________________________________________________      __________________________________________________________
          __________________________________________________________      __________________________________________________________      __________________________________________________________
     
    (c)   What was the likely cause of inflation in 2015? Explain giving 2 reasons for your answer.
     
    __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
     
    (2 + 2 + 3 = 7 marks)
     

    Question 2
     
    The Japanese economy has experienced periods of deflation since 1990. 
    What is deflation and why is it a concern for economies at times of low Real GDP growth or recession?                                                                       (3 marks)
     
    ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
     
    (1 + 2 = 3 marks)
     
    Question 3                                                                  (5 marks)
     
    (a)    Identify and explain two reasons for a declining labour-force participation rate (LFPR) in an economy.
    ________________________________________________________________________________________________________________________
     
    (b)    Why is a declining labour-force participation rate (LFPR) a concern for an economy?
     
    ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
     
    (c)    Explain two decisions or policies the government can implement to increase the LFPR.
     
    ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
     
    (1 + 2 + 2 = 5 marks)
     

    MACROECONOMICS 1 (ECON1246 / ECON1273) assignment 代写