CONFIDENTIAL BM/JUN 2012/ECO415 UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION COURSE COURSE CODE EXAMINATION TIME ECONOMICS EC0415 JUNE 2012 3 HOURS INSTRUCTIONS TO CANDIDATES 1. This question paper consists of two (2) parts PART A (2 Questions) PART B (4 Questions) Answer ALL questions from PART A and three (3) questions from PART B in the Answer Booklet. Start each answer on a new page. Do not bring any material into the examination room unless permission is given by the invigilator
Premium Inflation Monetary policy
do occur they can have a devastating effect. A recession or economic downturn is defined as a period is temporary economic decline during in which trade and industrial activity are reduced. Economic recession is generally accompanied by a rise in unemployment‚ high inflation‚ and decline of the housing market. Otherwise known as “The Great Recession‚” the recession in the United States from the year 2007 to 2009 negatively impacted the United States economy by significantly altering the US’s labor
Premium Unemployment Business cycle Great Depression
In the pasted years population has been growing rapidly in MEDC’s and LEDC’s‚ by looking at the crude birth rate and crude death rate we are able to see how the population grows in certain countries. Looking at how high the rates are in a LEDC country and a MEDC country‚ you are able to conclude that you can relate specific factors to different areas of the world. When looking at the population growth of a LEDC there are common factors that appear when looking at the death and birth rates. For
Free Population Demography Population ecology
people worry about it. However‚ the population on the earth has hit 6.5 billion. Some people are very worried about the ability of the world to sustain these huge numbers. This essay will examine the problem of overpopulation and suggest some ways of solving the problem. The biggest and major problem is rapid increase in the number of people. If the world population continued to grow at the current rate‚ the earth would not be able to sustain its population and the number of people will decrease
Premium World population Earth Population growth
ECONOMIC GROWTH is the long term expansion of a country’s productive potential Short term growth is measured by the annual % change in real national output – this is mainly driven by the level of aggregate demand (C+I+G+X-M) but is also affected by shifts in SRAS Long term growth is shown by the increase in trend or potential GDP and this is illustrated by an outward shift in a country’s long run aggregate supply curve (LRAS) Key drivers of growth There have been numerous research studies in
Premium Economics Inflation Supply and demand
Economic Issues Economic Growth Economic Growth involves an increase in the volume of goods and services that an economy produces over a period of time. It is measured by the annual rate of change in real Gross Domestic Product (GDP)‚ i.e. the percentage increase in the value of goods and services produced in an economy over a period of time‚ usually one year‚ adjusted for inflation Aggregate Demand Aggregate Demand (AD) is the total level of expenditure in the economy over a given period of
Premium Inflation Unemployment
Over Population The world’s population is approximately 5.9 billion‚ and it is still growing. It has just about doubled in the past forty years. We are now faced with the issue of over population. The problem is very severe‚ and important. It is controversial how many people this planet can hold. Some are arguing that we have plenty of room‚ and we could fit everyone on the state of Alaska‚ if we just put 10‚000 people on each square mile. Alaska only makes up about one
Free Population growth World population Overpopulation
Introduction Population can be considered as the pivot point to which all development efforts of a country are directed. This assert to the fact that any development intervention that do not take the needs‚ conditions‚ aspirations and aims of the populace into considered can be considered as myopic. Since planning is concerned with the future‚ policy makers and planners require justified projections which provide information about the future size‚ structure and distribution of the population. Therefore
Premium World population Demography Population growth
LATINO IMMIGRANTS IN THE UNITED STATES NUR/440 October 27‚2014 Deanna Radford “Latino Immigrants in the United States constitutes a paradigmatic case of a population group subject to a structural violence” (Stange‚ 2009). This group is considered to be in a very low level in the economy of the United States‚ and for this reason they are more prone to be abuse and violent than any others‚ and also due to the fact that some are undocumented they tend not to seek medical services due to fear
Premium Health care Medicine Health economics
Planned Economy: "The social good" In a planned economy‚ the factors of production are owned and managed by the government. Thus the Government decides what to produce‚ how much to produce and for whom to produce. Features: • All resources are owned and managed by the government • No consumer OR producer choice • The market forces can’t set the price for goods or services • Profit is not the main objective‚ the government aims to provide services and goods to everybody • Government decides
Premium Market economy Mixed economy Capitalism