EC301 Open-Book Midterm Exam (Weight 110 points) 1. (7 points) How are presidential election outcomes related to the performance of the economy? 2. (7 points) Discuss the difference between Microeconomics and Macroeconomics. 3. (10 points) Use the concepts of gross and net investment to distinguish between an economy that has a rising stock of capital and one that has a falling stock of capital. “In 1933 net private domestic investment was minus $6 billion. This means that in that particular
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Course name: Macroeconomics FINAL 1. The two large macroeconomies I selected are China and the United States. 2a. GDP and GDP growth rate Found on http://www.tradingeconomics.com/Economics/Interest-Rate.aspx?Symbol=CNY China U.S. GDP per capita 2000- 949 34606 2001- 1021 34518 2002- 1106 34747 2003- 1209 35318 2004- 1323 36272 2005- 1452 37050 2006- 1612 37757 2007- 1811 38138 2008- 1963 38206 2009- NA NA China U.S. GDP growth rate (avg) 2000- 7.68 4.15
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might damage the social fabric of a society‚ resulting in undesirable social implications and disrupting the racial harmony of a society. With censorship‚ such seditious content can be contained and order will be preserved. Censorship is also necessary to protect the young from the hordes of violent and sexual content found on the media. Along
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Born with Kavasam and Kundalam (Armour and ear-rings)‚ and bequeathed as a gift from the Sun God to an unwed Kunti (M. V. Rajamma)‚ Karnan is abandoned so as to prevent embarrassment for her. He is set afloat in the Ganga‚ rescued and adopted by a charioteer‚ who is employed withDhritarashtra‚ the blind king. Years later‚ the now-grown up Karnan (Sivaji Ganesan) realizes that the charioteer is his foster father only‚ thus heartbroken. He however masters archery and challenges Arjun (R. Muthuraman)
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The Crisis of 2008 was the worst financial crisis since the Great Depression‚ and because of that it has earned the name the Great Recession. It is important to know that the factors leading up to this recession started years in advance and it wasn’t until 2007 that the crisis officially started. Though there are many factors that led to the Great Recession‚ the factors lead to one major cause‚ which was the bursting of the housing bubble. The crisis not only impacted the United States‚ but also
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Macroeconomic Schools of Thought Macroeconomics is concerned with issues‚ objectives and policies that pertain to the overall economy. It focuses on economic aggregates or grand totals that relate to the entire economy. Basically it is how all the elements of an economy function together. Macroeconomics is well thought-out into many different schools of thought‚ which have different views about how markets should operate. The different types of schools of thoughts given
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resources available to educate oneself with the world’s economics both past and present. We are also learning how economic indicators shape the world we live in and how they affect us both personally and professionally. Team C is learning that Macroeconomics studies the behavior of the aggregate economy such as uunemployment‚ expectations‚ consumer income‚ and interest rates within the United States. Team C has compiled a list of resources we found to be insightful to aide us with our learning process
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Manley Professor Ingram ENG 101 11/01/14 Are Grades Necessary? Are grades really necessary? Alfie Kohn attempts to persuade in his article called “From Degrading to De-grading” from Acting Out Culture‚ how he believes grades are ineffective‚‚ and should no longer exist‚ for many reasons. Kohn thinks grades are degrading and he provides examples and reasoning in support of why he thinks grades and de-grading (abolishing grades) is necessary. How does the mass of people think about this issue of
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Summary of Macroeconomics Lectures for MBA 1st Year‚ VGSoM‚ IIT Kharagpur Course coordinator – Dr. Barnali Nag Lecture #4 (Unemployment) 1. The natural rate of unemployment definition: the long-run average or “steady state” rate of unemployment depends on the rates of job separation and job finding 2. Frictional unemployment due to the time it takes to match workers with jobs may be increased by unemployment insurance 3. Structural unemployment results from wage rigidity: the real wage
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11-24-12 Macroeconomics Homework 3 Questions 1. Intermediate goods are unfinished goods used in producing a final good or used up in the production process‚ which is a good produced for final consumption. Running shoes‚ watches‚ textbooks and sunscreen lotion are all final goods because they typically would not be used to make any other good they’re all finished goods for an end consumer. Cotton fibers‚ and lumber are intermediate goods which would be purchased for the production of a final good
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