The admissions office at Huge U. believes the geographical distribution of entering students may be changing. over the last 30 years, 45% of the students have come from Midwestern states, 20% from the Southwest, 20% from the coasts, 5% from the South, and 10% from the Northwest. A sample of 250 students from this year's entering class includes 96 from the Midwest, 61 from the Southwest, 45 from the coasts, 17 from the South, and 31 from the Northwest. Does this indicate that the current entering class has a different geographical distribution?

Suppose that during a family get-together, an uncle who has business ties with South Korea finds out that you have been taking macroeconomics and approaches you to have some discussions regarding current events. He wants to know how fears of the coronavirus that lowers investment demand in South Korea, a small open economy, would impact its net exports. Respond to him with the model explaining the relationship between net exports and the real exchange rate. Make sure that you use both words and figures to explain your logic.

(ii) Assume South Africa imports fish from Nigeria and Ethiopia at the free trade prices of R30 and R20 per ton of wool respectively. In autarky, South Africa’s domestic price of fish is R70 and 40 tons of fish are produced and consumed per annum. Use this information, with the aid of a diagram to explain the concept of trade diversion. (9) NB:Your explanation must touch on the pre tariff, 100 percent tariff and the formation of customs union conditions that prevail. You must also use your own quantities on the horizontal axis.

Use this information as you create an SPSS dataset using the data chart below paying particular attention in assigning the proper variable type (scale/interval, ordinal, or nominal) in the Measure column in the Variable View in SPSS.

QUESTION FIVE [10]

“South Africa’s unemployment rate has continued to increase. This is according to Statistics South Africa’s recently released quarterly labour survey. The unemployment rate increased by 1.4 percentage points from 27.6% in the first quarter of 2019 to 29% in the second quarter of the year.” Source: https: mg.co.za/article/2019-07-30unemployment-rate-at-29-statssa

Using the Philips Curve model, discuss the impact of this unemployment rate against government achieving its macroeconomic objectives of stable inflation rates and low unemployment rates

A spacecraft of mass m=520 kg stationary with respect to the South Pole of the Earth runs out of fuel and starts to fall vertically toward the South Pole. If the initial altitude of the space craft is 800 km, what is the velocity of the space craft when it hits the surface of the Earth in km/s? Assume that you can ignore the atmospheric friction. Note that the universal gravitational constant G = 6.67x10-11 Nm2/kg2 , the radius of the Earth RE = 6.37x106 m, and the mass of the Earth ME = 5.97 x 1024 kg. (Hint: Conservation of energy).

Frank Wright, an international fund manager, uses the concepts of purchasing power parity (PPP) and the International Fisher Effect (IFE) to forecast spot exchange rates. James gathers the financial information as follows:

Calculate the following exchange rates (ZAR and USD refer to the South African rand and U.S. dollar, respectively).

Using the IFE, the expected ZAR spot rate in USD one year from now. (2 point)

Using PPP, the expected ZAR spot rate in USD one year from now. (2 point)

Using IRP (interest rate parity), the one-year ZAR forward rate in USD. (2 point)

ANS: Please label a/b in your response to the two sub-questions respectively.

1a. Suppose at one point along the Nile River a ferryboat must travel straight across a 1.40-mile stretch from west to east. At this location, the river flows from south to north with a speed of 2.01 m/s. The ferryboat has a motor that can move the boat forward at a constant speed of 18.6 mph in still water. In what direction should the ferry captain direct the boat so as to travel directly across the river? ___________degrees south of east

1b. Suppose at one point along the Nile River a ferryboat must travel straight across a 1.01-mile stretch from west to east. At this location, the river flows from south to north with a speed of 2.04 m/s. The ferryboat has a motor that can move the boat forward at a constant speed of 22.7 mph in still water. If the captain points the boat directly at the target location on the east bank of the river, how far downstream will she be from the target when she lands on the east bank?

_____________m

According to the sixth annual survey of advertising agency employees, conducted by the company Altschuler, Melvoin & Glasser, these employees can expect another excellent year for their compensation (Advertising Age, December 1, 1997). To investigate if there is any difference in annual art director compensation, suppose you select a random sample of 10 from each of four regions: West, South, North, and Northeast, and what you want the research to do with 10% error range. Use all the tools learned in the course, carry out the analysis required for the study.
The base salary (in thousands of dollars) for each of the individuals:

West South North Northeast