Need answer for all questions

CHAPTER 1 (Introduction to Macroeconomics) ESSAY QUESTIONS 1. Differentiate between microeconomics and macroeconomics? (6 marks) 2. Explain briefly FOUR (4) macroeconomics goals. (8 marks) 3. Define circular flow. Explain the four- sector circular flow. (10 marks) CHAPTER 2 (National Income Accounting) ESSAY QUESTIONS 1. Describe national income. List THREE (3) approaches of measuring national income. (5 marks) 2. Differentiate between gross domestic product (GDP) and gross national product (GNP), with examples. (4 marks) 3. Explain FOUR (4) uses of national income statistics. (8 marks) 4. Discuss FOUR (4) problems in calculating national income. (8 marks) CHAPTER 3 (National Income Equilibrium) ESSAY QUESTIONS 1 . Describe national income equilibrium. List TWO (2) approaches to determine the national income equilibrium. (6 marks) 2. Discuss THREE (3) factors that can influence the level of investment in the economy. (3 marks) 3. Differentiate between autonomous investment and induced investment. (6 marks) CHAPTER 4 ESSAY QUESTIONS (Role of Government) 1. Discuss THREE (3) economic functions of government. (6 marks) 2. Explain FOUR (4) objectives of taxation. (8 marks) 3. Differentiate between direct tax and indirect tax. Give examples. (6 marks) 4. Differentiate; (a) Between expansionary monetary policy and contractionary monetary policy. (b) Between expansionary fiscal policy and contractionary fiscal policy. (8 marks )