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Latest Posts

In a hypothetical economy, the following expenditure arc incurred ;Gross domestic fixed capital formation 300 Personal consumption expenditure 250 250

In a hypothetical economy, the following expenditure arc incurred                                                                          ...

CEM TUTORS 16 Jun, 2023

Explain Gross Domestic Expenditure, Total Domestic Expenditure and Total Final Expenditure

Gross Domestic Expenditure, Total Domestic Expenditure and Total Final Expenditure   Gross Domestic Expenditure( GDE) GDE stands for Gross...

CEM TUTORS 16 Jun, 2023

Explaining Net Exporter, Net Importer, Budget Surplus And Deficit: More on Expenditure Approach

Net Exporter, Net Importer, Budget Surplus And Deficit NET EXPORTER A net exporter is a country that exports more goods and services than i...

CEM TUTORS 16 Jun, 2023

How to use the Expenditure Approach formula to solve GDE/GDP: Expenditure Approach

The formula for calculating GDP using the expenditure approach is: Note the following 1. Unless otherwise stated, the expenditure approach...

CEM TUTORS 16 Jun, 2023

Macroeconomics question -List and explain any 5 issues that the concept of macroeconomics concerns itself with

List and explain any 5 issues that the concept of macroeconomics concerns itself with SOLUTIONS 1. Economic growth: Macroeconomics focuses ...

CEM TUTORS 12 Jun, 2023

Principles Of Macroeconomics Practical Questions:1.) What components of GDP (if any) would each of the following transactions affect? Explain. a. A family buys a new refrigerator b. John buys a new house

1.) What components of GDP (if any) would each of the following transactions affect? Explain. a. A family buys a new refrigerator b. John bu...

CEM TUTORS 12 Jun, 2023

In an economy, output is measured by the following Indicators :Compensation of employee.Income received from the rest of the world

Compensation of employees.                                                200                             Worm-out capital                  ...

CEM TUTORS 12 Jun, 2023