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- CLIMATE CHANGE – what are the macro factors impacted and provide examples.Write an assessment report on how the COVID-19 pandemic has affected the South African economy and the effects of the pandemic on South Africa's GDP.As technological change makes us more sedentary and food costs increase, obesity is likely. What factors do you think may limit obesity?
- Would you usually expect GDP as measured by what is demanded to be greater than GDP measured by what is supplied, or the reverse?How did John Mayhem Keynes define economics?Suppose we extend the circular flow model to add imports and exports. Copy the circular flow diagram onto a sheet of paper and then add a foreign county as a third agent. Draw a rough sketch of the flows of imports, exports, and the payment for each on your diagram.
- Can you pls give your insights or reflection regarding this video on how to solve economic problems? https://youtu.be/xenGlbOHR1kYou were familiarized with GDP in this module. Sometimes, economic topics seem pretty remote and not immediately related to our everyday lives. However, think about COVID 19 in 2020. While many Americans were affected by the virus, many more were impacted by the decreased economic activity and new ways of doing business put in place trying to contain the virus. Which of the changes made do you think might end up being permanent and kept in place after the pandemic is contained?How does macroeconomics help analyze the impact of the coronavirus that swept the world late last, and this year?
