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Exam (elaborations)

ECS 2602 ASSIGNMENT 2

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Jason Gary Geldenhuys ECS2602 Assignment 2 Semester 1 2013 Question 1 (7 marks) Identify the exogenous and endogenous variables in the goods market model. Y = C + I + G + X – Im Y denotes gross domestic product, C is private consumption, I is investment, G is government consumption (government spending), X is exports, and Im is imports. Exogenous variables Investment, Government spending and taxes T. endogenous variables gross domestic product, private consumption, exports, and imports. Question 2 (

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