Fani Warraich ECONOMICS   -   Macroeconomics

Gini coefficient is the measure of:

The Gini coefficient measures income inequality within a country, with 0 representing perfect equality and 1 indicating maximum inequality.
Fani Warraich ECONOMICS   -   Macroeconomics

Financial Inclusion means:

Financial inclusion refers to ensuring that individuals and businesses have access to useful and affordable financial products and services.
Fani Warraich ECONOMICS   -   Macroeconomics

Goal 1 of Sustainable Development Goals relates to:

Goal 1 of the SDGs focuses on ending poverty in all its forms everywhere, with a key focus on hunger.
Fani Warraich ECONOMICS   -   Macroeconomics

The labour measure (L) is:

The labor measure (L) is typically the total number of employed workers multiplied by the average hours worked, reflecting the actual labor input.
Fani Warraich ECONOMICS   -   Macroeconomics

The aggregate production function for the Solow growth model assumes ___________ returns to scale and _____________ marginal productivity of labour and capital.

The Solow model assumes constant returns to scale and diminishing marginal productivity for both labor and capital.
Fani Warraich ECONOMICS   -   Macroeconomics

It is the _______ interest rate that matters for spending decisions and the _______ interest rate that is relevant when we look at monetary questions.

The real interest rate influences spending decisions by reflecting the true cost of borrowing, while nominal rates are used in monetary policy.
Fani Warraich ECONOMICS   -   Macroeconomics

Which kind of demand fluctuates the most?

Private demand for investment is highly volatile due to changes in business expectations, interest rates, and other factors.
Fani Warraich ECONOMICS   -   Macroeconomics

In short-run macroeconomic analysis, demand is often viewed as the driving force. Which component of total demand is often regarded as being independent of economic conditions and thus exogenous in the model?

Government spending and tax receipts are often treated as exogenous in short-run models, as they are determined by policy rather than economic conditions.
Fani Warraich ECONOMICS   -   Macroeconomics

What is not a component of the GDP?

Employment rate is not directly a component of GDP, which measures the total output produced within a country.
Fani Warraich ECONOMICS   -   Macroeconomics

The Keynesian assumption is a convenient analytical short cut and turns out to be a rather accurate description of the reality. What does it assume?

Keynesian economics often assumes constant prices in the short run to simplify analysis of demand-driven economic fluctuations.

ECONOMICS