👑Macroeconomics  Essays

In 2016, the Indonesian government increased its spending on healthcare and education and considered raising the school leaving age. The government also planned to increase taxation. Such a move might conflict with its aim of reducing unemployment at a time when a number of countries were at risk of entering a recession

Analyse, using a production possibility curve (PPC) diagram, the effects of high unemployment in a country. [6]

Discuss whether increased government spending on a country’s infrastructure will always lead to a rise in the rate of inflation. Use aggregate demand and aggregate supply analysis to support your answer. [12]

UK students often take jobs during their holidays and some save part of their income to pay their tuition fees. UK graduates earn, on average, £8500 a year more than non-graduates. Economics graduates had the second highest average earnings of all UK graduates in 2016. The top 10% of economics graduates earned £115 000 a year.

Discuss whether or not people in developed countries are likely to save more than people in developing countries.[8]

A free market economy operates to the benefit of both consumer and producer to achieve the most efficient outcome, and therefore there is no role for a government to play in controlling the market. Consider the extent to which this statement is correct. [25]

Discuss the effectiveness of supply-side policies in increasing the supply of enterprise to the economy.

Discuss whether a high rate of inflation or a deficit on the current account of the balance of payments is the more serious problem for an economy. [12]

Discuss whether supply side policy is more likely to be successful than fiscal policy when an economy is faced with inflation

Explain the benefits a country can gain from having a stock exchange.

Discuss whether or not the growth of the primary sector is beneficial to a country.

Discuss whether or not a market economic system improves living standards.

Analyse how economic growth can reduce absolute poverty.

Analyse the consequences of rising unemployment on a government’s spending and tax revenue.