ECON1102-Macroeconomics 1 - T1/2025
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Where Y is GDP, C is consumption, T is net taxes and G is government spending, if there is no international trade, then the government budget surplus equals:
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Use the following table of Mary's assets and liabilities to answer the question:
What is the value of Mary's liabilities?
| Two cars | $15 000 |
| House | $400 000 |
| Mortgage | $300 000 |
| Cash | $1000 |
| Car loans | $5000 |
| Cheque account balance | $3000 |
| Credit card balance | $3000 |
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Use the following figure to answer the question:
When PAE = 200 +.5Y, short-run equilibrium output equals:
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Compared with older workers, younger workers change jobs more frequently, so they are more prone to _____ unemployment and have fewer skills, so they are more prone to ____ unemployment.
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