INTRODUCTION TO AGRICULTURAL ECONOMICS GROUP ASSIGNMENT

(MACROECONOMICS COMPONENT).

Please work in groups of 10 students.

1a) Consider the Gross Domestic Product (GDP) and the Gross National Product
for Zimbabwe for the years 2000 to 2017.

i. Draw a graph showing GDP and GNP for the period 2000-2017. [3]
ii. Give five possible reasons that are behind the fluctuations in both graphs.
[5]

iii. Explain how the government can use the monetary and fiscal policy to
promote agricultural productivity in Zimbabwe (support with examples).

[4]

iii. State and explain three reasons why hyper-inflation occurred in Zimbabwe.
[3]

End/// Due date: 26/10/17