Question 1
In this question you only got one wrong that 1.18, the answer is supposed to be D but you wrote A
Question 2
You did not include the graph hence you did not answer the question. You lost about 12marks
Question 3
All your formulas are wrong hence the figures for your answers are wrong. You lost 5marks. As an example I have provided you with two of the correct formulas
GNP @mp: GDP @ mp – net factor payments to foreign countries
NNP @ mp: GDP @mp –provision for depreciation-net factor payments to foreign countries
Question 4
You omitted the macro economic stability – Equitable distribution of national income. You lost 2 marks
Question 5
You lost 20 marks because you misunderstood the question. The types of unemployment are: frictional, structural, seasonal and cyclical. These are the ones you were supposed to discuss
Question 6
You lost 7 marks because you did not match the correct column A to column B. I have highlighted them in yellow.
Question 7
Your formulas are still incorrect.
Question 8
8.1 Who is the Minister of Finance, NOT the function. You were just supposed to mention his name
8.3 Said in table format and you did not include a table at all
Q1 = 19/20
Q2 = 0/12
Q3 = 0/5
Q4 = 8/10
Q5 = 3/23
Q6 = 3/10
Q7 = 1/5
Q8 = 5/15
Total = 39/100 – 39%
My comment is read more and please make sure you understand the question before answering it.
Assignment 1
Question 1
1.4 is incorrect. The correct is D
Question2
You lost marks because you did not include the figures in the graph you draw
Question 3
3.1 You lost marks because you did not draw graphs, the question says with the aid of GRAPH. You only wrote
Question 4
Everything is correct
Question5
You lost 12 marks on this question because you misunderstood the question. You were only expected to use a simple demand and supply and say what which of the two shifts. Read chapter 8 in the text book
Question 6
You did not answer 6.2 and 6.3
Question 7
You lost marks 20 because you did not include graph in your comparison of monopoly and perfect competition.
Question 8
You did not include the MC column also your AC cost is wrong, AC=TC/q
You also did not include answers to 8.2 and 8.3
Q1 = 9/10
Q2 = 15/25
Q3 = 12/25
Q4 = 5/5
Q5 = 0/12
Q6 = 10/18
Q7 = 20/40
Q8 = 3/15
Total = 74/150 – 49%