Assignment 1 in Macroeconomics
1. Discuss how the five-sector circular flow of income diagram shows the interdependence in a market economy.
2. List the three basic economic questions. Discuss how these questions help governments implement their economic policies for the realization of their macroeconomic goals.
3. Describe the production possibilities frontier graph on the left.
Deadline of Submission: December 22, 2012 (Saturday) until 11:59 PM
2. List the three basic economic questions. Discuss how these questions help governments implement their economic policies for the realization of their macroeconomic goals.
3. Describe the production possibilities frontier graph on the left.
Deadline of Submission: December 22, 2012 (Saturday) until 11:59 PM