Hps2215/Hbc2125:Introduction To Macroeconomics Question Paper
Hps2215/Hbc2125:Introduction To Macroeconomics
Course:Bachelor Of Business And Information Technology
Institution: Jomo Kenyatta University Of Agriculture And Technology question papers
Exam Year:2012
JOMO KENYATTA UNIVERSITY
OF AGRICULTURE AND TECHNOLOGY
University examinations 2011/2012
EXAMINATION FOR THE DEGREE OF BACHELOR OF BUSINESS AND INFORMATION TECHNOLOGY/BACHELOR OF PURCHASING SUPPLIES MANAGEMENT/BACHELOR OF COMMERCE
HPS2215/HBC2125:INTRODUCTION TO MACROECONOMICS
DATE:APRIL 2012
INSTRUCTIONS:ANSWER QUEDTION ONE(COMPULSORY)AND OTHER TWO QUESTIONS
QUESTION 1
a)Define National income(2marks)
b)Outline any three approaches used in measuring National income (6mark)
c)List any characteristics of money that makes it sustain to be as a medium of
exchange (5marks)
d)Define international trade(3marks)
e)What are the reasons for development of international trade? (5marks)
f)Give reasons for protectionism (5marks)
g)Explain ways of restricting international trade (4marks)
QUESTION 2
a)Explain the quantity theory of money (10marks)
b)Explain any three types of unemployment in kenya (10marks)
QUESTION 3
a)Explain any three function of budget for a country (9marks)
b)Explain any three types of budgets (6marks)
c)What are the objectives of macro-economic policy (5marks)
QUESTION 4
a)Explain the meaning of inflation (2marks)
b)Explain with relevant examples types of inflation (8marks)
c)What is the impact of inflation to the economy (10marks)
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