👑Macroeconomics  Essays

Explain reasons why a low inflation rate may increase a country’s economic growth rate.

Identify benefits of a decrease in a country’s population size.

Analyse how a fall in a country’s foreign exchange rate could increase its inflation rate.

Discuss whether or not advances in technology will benefit a country’s population.

Explain what economists mean by an increase in real GDP per capita and discuss the extent to which an increase in real GDP per capita will have a positive impact on economic development.

Discuss whether the transition from a planned economy to a market
economy will always be better for consumers.

Discuss why whether or not supply-side policy measures can reduce inflation.

(8 marks)

Analyse how a rise in the interest rate could cause a recession.

Explain how the factor of production enterprise contributes to aggregate supply in a modern economy and how it differs from the other factors of production in terms of the reward its services.

[8 marks]

Explain the significance of a production point inside a PPC and a production point on its PPC.

Discuss whether the transition of an economy from one that is centrally planned to one in which resources are allocated through the free market is likely to be of overall benefit to the citizens of that economy.

[12 marks]

‘Free markets make the most efficient use of resources and are the foundation of a successful economy.’ To what extent do you agree with this?