1.Why are saving levels important from a Marco perspective, answer needs to include research about difference saving rates between countries, what role it plays in economics models and how it changes over time.

2.If you are a consultant for the government how would you recommend that they raise tax revenue, answer needs to discuss what good, how big the tax, the deadweight loss, the burden of tax and diagram/s.

3.For each question name the concepts and explain it with an example.

A) Why is the AD curve downward-sloping? One mark for each reason and example.

B) What determines productivity? Half mark for each determinant, with definition and example. C) What are the costs of inflation? Half mark for each type of cost list, with definition and example.

D) What might shift the aggregate-supply curve? Half marks for each reason

4.

A)Show and explain for a monopoly the price and quantity that they would chose, then given this decision show the consumer surplus, producer surplus, total surplus, deadweight loss and profit. Must include diagram and definitions.

B) How does this differ to perfect competition?

5.A) The restaurant industry's input price have increased due to a forest fire wiping out crops, this has also reduced individuals income. Using a demand and supply to show both impacts in a single diagram including change in price, quantity, consumer, producer and total surplus. Must include diagram.

B) Who wins and losses from a Tariff? Include Diagram.