EXERCISES 1. Given C = 40 + 0.5Yd I = 60 T = 10 + 0.2Y X = 20 a) Find out the value of equilibrium national income. b) Check if there is a budget deficit or surplus. c) And what about the trade balance? d) What happens if Imports increase of 20? G = 55 M = 10 2. Given C = 40 + 0.5(Y-T) I = 60 G = 55 T = 10 + 0.2Y What is the value of equilibrium income level ? If both autonomous consumption (expenses) and T increase by the same amount‚ equilibrium Y will increase‚ decrease or
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Marxist era to a more democratic process‚ where there are three branches of government. The Dreg committee had an influential role in the governmental history of Ethiopia‚ which was developed by the Marxist ideology. The Dreg attempted to make Ethiopia into a socialist government‚ with certain land reforms that benefitted some regions of Ethiopia. As they began to face opposition the newly developed party‚ Ethiopian People’s Revolutionary Party. Though all of the transformations in the government‚ the
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Aid and the Dutch Disease in Ethiopia AID AND THE DUTCH-DISEASE IN ETHIOPIA Monetary Policy and Economic Research Directorate National Bank of Ethiopia Teferi Mequaninte tefmeq@yahoo.com May‚ 2005 SECTION ONE Introduction Following the introduction of the Structural adjustment program (SAP) in 1992 to the Ethiopian economy‚ there was a massive inflow of foreign aid in the form of grants‚ concessional loans and technical assistance. Net aid1 inflows to Ethiopia during the Derg period were
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or a trade surplus. Thus‚ this work is done to examine and find out how the growth of National Income can be affected by trade balance. STATEMENT OF PROBLEM Every country wants to be just an exporter of goods and services. But since no man is an island‚ no matter how much exports a country makes‚ it still has to import at some point. Using the national income identity‚ Y = C + I + G + (X – M) Y = National income or GDP C = Consumption I = gross investment G = Government expenditure X = Exports and
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should have known better; the silence of the voice of justice when it mattered most; that has made it possible for evil to triumph.” -Haile Selassie The name "Ethiopia" derives from the Greek word ethio‚ meaning "burned" and pia‚ meaning "face": the land of burned-faced peoples or in some points also means “something divided”. Ethiopia also known as (Abyssinia) is the tenth largest country in Africa‚ covering 439‚580 square miles almost twice the size of Texas. Addis Ababa is the third-highest
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The Role of Informal Sector Employment in Poverty Alleviation: The Case of Hawassa City‚ Ethiopia Abstract: <p>Informal sector plays an important role in urban poverty alleviation through creating jobs and reducing unemployment. It serves as a breeding ground for new entrepreneurs‚ and contributes for the reduction of urban crime and violence. This study is aimed at assessing the role of informal sector in solving unemployment and alleviating poverty. Primary data are gathered from a sample
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Willene Joan D’ Costa NASE 318 Professor Kiszewski 12/11/14 Food Security in Ethiopia Ethiopia‚ located in Sub Saharan Africa‚ is one of the many countries in the world that is the most affected by food insecurity. Food security in Ethiopia has comparatively improved in recent years. However‚ due to factors such as political set up‚ severe poverty‚ climate‚ etc.‚ this problem is far from being solved. In recent years‚ Ethiopia’s economy has grown considerably as compared to other Sub-Saharan countries
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Economics Prep 3 Complete Paper 1 Essay Question: Q1 A and B page 169 A) Explain three uses of national income statistics B) Evaluate the use of GDP figures as a means of comparing countries. A) National income (total net value of all goods and services produced within a nation over a specified period of time) statistics have many different uses. It is for example used as a comparison scale between countries. This is a useful information‚ if for example a country needs help‚ but the resources
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Markievy Johnson Dr. Fisher October 9‚ 2013 The Making of Something Great The late Nelson Mandela said it best. “Does anybody really think that they didn’t get what they had because they had because they didn’t have the talent or strength or endurance or the commitment.” All of what Mandela mentions plays a major part of my life as well as family‚ religious beliefs‚ and most importantly my cultural background. My name is Markievy H.E Johnson. I was born and raised in Dallas‚ Texas in
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changed to a better country is Ethiopia. Ethiopia has over 85 different ethnic groups‚ each with their own language‚ customs‚ clothing and cultural practices. Although they bear some minor similarities‚ the difference between the past Ethiopia and the present Ethiopia is significant. In the past‚ 20 years ago‚ Ethiopia had poor economy and political instability; however‚ today Ethiopia has a strong economy and more political stability. To begin with‚ Ethiopia is really different in terms
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