IMPORTANT QUESTIONS FOR EXAMS :⏩ 1. What's national income, and how do we calculate it? 2. What's the difference between money's value in a market and its production cost? 3. What are the different uses of money in an economy? 4. How do banks create credit? 5. How do Keynesian and traditional economic theories differ on managing employment? 6. What are government budgets used for, and how can they control inflation? 7. What are the parts of a balance of payments, and how can a country with a trade deficit address it? 8. What affects how much foreign currency a country wants or needs? 9. What's inflation, and what are its different types? (Bonus question!) 10. How does government spending affect overall economic demand?