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  • Institute of Business Management College of Business Management ECO 102-Principles of Macroeconomics

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    This document contains 3 questions for an economics assignment on macroeconomic principles. Question 1 asks to explain factors affecting real GDP and potential GDP, and graphically show the impact of decreased population and improved human capital. Question 2 asks to identify main sources of economic growth. Question 3 asks to explain main theories of economic growth.

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    This document contains 3 questions for an economics assignment on macroeconomic principles. Question 1 asks to explain factors affecting real GDP and potential GDP, and graphically show the impact of decreased population and improved human capital. Question 2 asks to identify main sources of economic growth. Question 3 asks to explain main theories of economic growth.

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    10 views1 page

    Institute of Business Management College of Business Management ECO 102-Principles of Macroeconomics

    Uploaded by

    Abdul
    This document contains 3 questions for an economics assignment on macroeconomic principles. Question 1 asks to explain factors affecting real GDP and potential GDP, and graphically show the impact of decreased population and improved human capital. Question 2 asks to identify main sources of economic growth. Question 3 asks to explain main theories of economic growth.

    Copyright:

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    INSTITUTE OF BUSINESS MANAGEMENT

    COLLEGE OF BUSINESS MANAGEMENT


    ECO 102-Principles of Macroeconomics

    Assignment # 02

    Q 1. a. Briefly explain the factors affecting real GDP and potential GDP.
    b. Graphically show the impact on production, real wages and employment of the
    following changes.

    i. Decrease in population
    ii. Improvement in human capital

    Q2. Identify the main sources of economic growth?

    Q3. Explain the main theories of economic growth?

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