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Tbs203 : Elements Of Macroeconomics. Question Paper

Tbs203 : Elements Of Macroeconomics. 

Course:Bachelor Of Education Arts

Institution: University Of Nairobi question papers

Exam Year:2011



TBS203 : ELEMENTS OF MACROECONOMICS.
INSTRUCTIONS.
Answer Any three questions.
Question one.
(a) Define National Income and Discuss appropriate methods used to estimate the National income of a country.

(b) Distinguish between the following
(a)G.D.P and G.N.P
(b)Personal income and disposable personal income
(c)G.D.P Deflator

Question two
(a) Explain with the help of a diagram the concept of Aggregate supply price and Aggregate price. How would you use them to determine the level of employment and income in an economy

Question three
(a)Define investment multiplies give its limitation and leakages.

(b)Define money and discuss its major function.

Question four.
(a) Distinguish between Balance of payment and balance of Trade. What causes the disequilibrium in the Balance of payment?

(b) Distinguish between Average propensity to consume (APC) and Marginal propensity to consume (M.P.C).




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