SPSS Macroeconomics Eco211

EXERCISE 1

1. Find some videos in Youtube about the concept of;

a. Economics
b. Macroeconomics and microeconomics
c. GDP, GNP and national income
d. National income equilibrium

2. Based on the videos above, make a review about those concepts and answer all the
questions below;
i. What is economics?
ii. Differentiate between macroeconomics and microeconomics. Give the examples.
iii. What is GDP and GNP?
iv. What is net income factor abroad
v. What is market price and factor cost
vi. What is national income
vii. What is personal income and disposable personal income
viii. How many methods to calculate national income. List down all of the methods.
ix. How to compute GDP
x. Draw the circular flow diagram in 2 sector, 3 sector and 4 sector economy.
xi. What is leakage and injection
xii. The relationship between MPC and MPS and APC and APS
xiii. What is autonomous consumption, autonomous saving, autonomous investment and
induced investment.
xiv. The policy to control inflation and recession

Azura Ab Rahim | Sept 2018 – Jan 2019