Digital economy-320. Tursunboyev laziz

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DIGITAL ECONOMY-320. TURSUNBOYEV LAZIZ



1.What macroeconomic issues have been in the news lately? just consider Uzbekistan economy.


I think one of the biggest problem in Uzbekistan economy is high unemployed rate.



This line graph shows that UNEMPLOYED RATE(UR) beetwen 2019 and 2021

Actual Previous Highest Lowest Dates Unit Frequency 9.40 9.80 13.30 1.90 1991 - 2021 percent Quarterly CMLV

Uzbekistan Unemployment Rate
In Uzbekistan, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

The second main macroeconimic issues that ENTERNAL DEBT of UZBEKISTAN because Uzbekistan's external debt is growing rapidly and has a huge impact on the economy External Debt in Uzbekistan increased to 41619.30 USD Million in the third quarter of 2021 from 38904.40 USD Million in the second quarter of 2021. source: Central Bank of Uzbekistan

2. Do you think macroeconomics should be called a science? Why or why not?
Many philosophers of science believe that the defining characteristic of a science is the use of the scientific method of inquiry to establish stable relationships. Scientists examine data, often provided by controlled experiments, to support or disprove a hypothesis. Economists are more limited in their use of experiments. They cannot conduct controlled experiments on the economy; they must rely on the natural course of developments in the economy to collect data.
To the extent that economists use the scientific method of inquiry, that is, developing hypotheses and testing them, economics has the characteristics of a science. reference.com

3. Suppose a woman marries her butler. After they are married, her husband continues to wait on her as before, and she continues to support himas before (but as a husband rather than as an employee). How does the marriage affect GDP? How should it affect GDP?

Answers
Suppose a woman marries her butler. They are married, if her husband continues to wait on her as before, and she continues to support him as before (but as a husband rather than as an employee) the marriage will affect GDP.Suppose, for instance that woman's name is Mary and the butler's name is Peter. Mary pays Peter $700 to support her butler. In this case, Peter is a seller of a service, and Mary is a buyer. Peter earns $700, and Mary spends $700. Thus, this transaction contirbutes equally to the economy's income and to its expenditure. GDP, whether measured as total income or total expenditure, rises by $700. If they marry and Mary continues to support him again, only as a husband, no service will be sold or bought. As a result, no money is added to GDP.
4. Find data on GDP and its components, and compute the percentage of GDP of your country for the following components for the most recent year available.
a. Personal consumption expenditures
b. Gross private domestic investment
c. Government purchases
d. Net export