Problem 2.10
Recording transactions and preparing financial statements
Financial balances for Ho Ming Wee, Solicitor, on 30 June 2016 are given below in a table in accounting equation form
Assets
Cash
EC 101 DFL SEMESTER 1 2016 TUTORIAL EXERCISE 3 Text Book MFP Chap 19 - 7th ed),
Study Guide Units 4 & 5
Multiple Choices
1. Official unemployment rate statistics may tend to: A. over-state the amount
FM101: FINANCIAL
MATHEMATICS
Derivatives &
Techniques of
Differentiation
Week 3 Lectures 1 & 2
Aim/ Objective
Learn to use the different
techniques of differentiation to
find derivatives of functions
Summary of Multipliers and Effects of Autonomous Expenditure on Equilibrium Expenditure and
Real GDP (Y)
Sectors
Multiplier
Autonomous Exp.
2 sector
( closed economy)
3 sector
(closed economy)
4 secto
EC101 Principles of Macroeconomic: Semester 2, 2016
UNIVERSITY OF THE SOUTH PACIFIC
School of Economics
EC101: Principles of Macroeconomics
Tutorial 1
Semester 2, 2016
_
[Week commencing Monday 18 Jul
EC101 Principles of Macroeconomic: Semester 2 2016
UNIVERSITY OF THE SOUTH PACIFIC
School of Economics
EC101: Principles of Macroeconomics
Tutorial 2
_
(Week commencing Monday 25 July)
SOLUTIONS:
At t
ECF04 Foundation
Economics
Semester 1 2015
Tutorial Solutions for Unit 2
Part B: Equilibrium
Question 1
a)
Equilibrium Price = $2.00 per kg and
equilibrium quantity = 50,000kgs.
b) i). At a minimum pr
The University of the South Pacific
College of Foundation Studies
ECF04 Foundation Macroeconomics
Semester 1, 2015
Field Trip Report Data Collection Suggested Questionnaire
Here are a couple of questi
Principles of Microeconomics I
Lekima Nalaukai
EC102
Semester I, 2016
Tutorial 11 Questions
Part A: MULTIPLE CHOICES. Choose the one alternative that best completes the statement or
answers the questi
ECF04
UNIT 3
Market Structures:
Perfect and Imperfect
1
PART B
Perfect and Imperfect
Markets
2
Market Structures
Two types of market
structures are:
1) Perfect Competition
2) Imperfect Competition
3
Principles of Microeconomics I
Lekima Nalaukai
EC102
Semester I, 2016
Tutorial 11 Suggested Solutions
Part A: MULTIPLE CHOICES. Choose the one alternative that best completes the statement or
answers
Principles of Microeconomics I
Lekima Nalaukai
EC102
Semester I, 2016
Tutorial 12 Suggested Solutions
Part A: MULTIPLE CHOICES. Choose the one alternative that best completes the statement or
answers
Principles of Microeconomics I
Lekima Nalaukai
EC102
Semester I, 2016
Tutorial 10 Suggested Solutions
Part A: MULTIPLE CHOICES. Choose the one alternative that best completes the statement or
answers
Flash Cards
Term
Definition
Economic Growth
Term
The annual percentage change of real GDP
Definition
What is the formula to calculate Growth rate of
real GDP?
Growth rate of real GDP
=
Real GDP in Crr
FM101 Wk1 Tutorial Sheet 1
Find the equation of the line where the is intercept is 5 and is perpendicular to = 2.
2.
3. Solve the following systems of equations; using the
Graphical Method
Elimination
Topic 3 Monitoring Jobs and
Inflation
7t ed: Chap 19
h
The Consumer Price Index (CPI)
CPI a measure of the overall cost of a fixed
basket or market basket of goods and
services bought by a typical hou
6th ed: Chapter 24
5th ed: Chapter 22
AD & AS model: model used to explain short-run
fluctuations in the level of economic activity
(output, employment, income).
How real GDP and price level are deter
EC 101 DFL: UNIT 1 INTRODUCTION TO MACROECONOMICS
To better understand how the economy work and be able to apply economic theories and
principles to your everyday life, YOU MUST THINK LIKE ECONOMISTS.
EC 101 DFL SEMESTER 1 2016 TUTORIAL EXERCISE 3 Suggested Answers
Multiple Choices
1. D 2.D 3.C 4.B 5.B 6.C 7.B 8. A 9.C 10.D
Technical Questions
1
Labour force the total number of people available for
EC 101 DFL SEMESTER 1 2016 TUTORIAL EXERCISE 4 Suggested Answers
Multiple Choices
1. C 2.D 3. D 4. A 5. B 6. C 7.B 8.D 9.D 10.C 11.C
Short Answers:
1. full employment (reduction in unemployment); pric
EC 101 DFL SEMESTER 1, 2016 TUTORIAL 2 Text Book Chapter 18 (7th ed) SG Unit
6
Multiple Choices
1. Economic growth can be defined as an increase in a nations
A. total money supply B. total money inco
EC 101 DFL Semester 1, 2016 Tutorial Exercise 5 Text Book Chapter 24 (7th ed)
SG Unit 7
Multiple Choices
1. The amount of real GDP that will be purchased at each possible price level is shown by the:
EC 101 DFL SEMESTER 1 2016 TUTORIAL EXERCISE 4 Text Book MFP Chap 20 (7th ed),
Study Guide Unit 3
Multiple Choices
1. Which of the following would be the best economic measure to compare standards of
EC 101 DFL TUTORIAL EXERCISE 1 TOPIC 1 & 2
Multiple Choices
1. The role of an assumption in an economic theory is to:
A. Add realism B. prove the accuracy of the theory C. cover special cases D. simpl
WELCOME!
TO THE FIRST LECTURE SESSION
FOR
EC101 PRINCIPLES OF
MACROECONOMICS I
GROUND RULES!
Students should keep their mobile phones
switched off during lectures and tutorials.
Students should not ta
EXPENDITURE = OUTPUT = INCOME
GDP at factor Cost the portion of GDP that
reflects payments to the factors of production
i.e the sum of compensation of employees,
gross operating surplus and gross mixe
7th ed: Chap 20
The Basics of Economic Growth
Economic growth the growth of real
output (real GDP) of an economy over time
Economic growth rate the annual
percentage change in real output:
Real GDP gr