2008-AL-ECON-II Past Questions on Macroeconomics Prepared by A.Chow Unit 1 – National Income Accounting 1. Which of the following are included in the national income of Hong Kong? (1) government spending on public assistance. (2) commission from the sale of second-hand cars. (3) salaries of the employee of the Jockey Club. (4) receipts form the sale of stocks and shares. A. (1) and (2) only B. (1) and (4) only C. (2) and (3) only D. (3) and (4) only (90 -01) Refer to the following national income
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Chapter 1 INTRODUCTION Nowadays‚ computer became relevant in business‚ office‚ and education. With the use of computer‚ the exchange of information can be easily done. Computers are widely used for its effectiveness‚ portability‚ consistency‚ and accuracy. It is a very effective tool for the distribution of information. In school‚ the bulletin board is used to post information for the students. It is essential for the distribution of important information inside the school. Although the
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CHAPTER 1 Discussion Questions 1 Discuss the differences between internal and external users of information and their needs and demands on an information system. Historically‚ which type of user has the firm catered to most? 4. An information system must meet three fundamental objectives. Discuss why these objectives cannot effectively be met by a common set of information. 9. Discuss what is meant by the statement‚ “The accounting system is a conceptual flow of information that represents physical
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13-1-22 harkness The Harkness Discussion The Harkness Discussion is a method of conducting and evaluating group discussion which was developed at Phillips Exeter Academy. The teacher acts as little as possible‚ serving mostly as an observer. The students participate in the discussion as a team: this is not a competition. Everyone is expected to contribute in such ways as the following: - organizing‚ leading - summarizing‚ restating‚ clarifying - offering examples from the text - asking questions
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Note Book Chapter 1 Getting Started 1.1 DEFINITION AND QUESTIONS 1. Scarcity is the condition that arises because wants exceeds the ability of resources to satisfy them. 2. Scarcity is the condition that arises because wants exceed the ability of resources to satisfy them. Scarcity is not eliminated when people become rich‚ movie goers are able to see the next The Social Networ installment‚ or people gain employment because of the movie’s release. In all cases‚ people will have wants that
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B and B Communications Philippines Incorporated RESOLUTION NO: ____‚ S-2012 A resolution to open a Current Account with the SECURITY BANK‚ CUBAO BRANCH was placed before the Board for conducting its day-to-day financial transactions. After discussions‚ the Board unanimously: WHEREAS‚ B AND B COMMUNICATIONS PHILIPPINES INCORPORATED is a company duly organized and existing in accordance with law‚ rules and regulations with postal address at ____________________________________________________
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Tutorial Questions Introduction to Economics and Macroeconomics Discussion Questions 1 Explain why both nations with high living standards and nations with low living standards face the problem of scarcity. If you won $1 million in a lottery‚ would you escape the scarcity problem? You would not escape the scarcity problem even if you won $1 million in a lottery because the problem of scarcity will always be present. There will always be unlimited wants that cannot be satisfied due to limited
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edu/AUENG225.11.2 Hitchcock‚ A. (Producer & Director). (1960). Psycho [video file]. Retrieved From http://movieclips.com/HvkR-psycho-movie-the-shower/ Schickel‚ R.; Frank Capra. (2001). The Men Who Made the Movies. IR. Dee. ISBN 1-56663-374-5‚
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Kim 6 ASSIGNMENT 1 1. Chapter 1 (page 34) 1) Why is economics central to an understanding of the problems of development? It is because that the development of a country depends on economic factors. Economics helps you to interpret how a country is developing‚ economic policies of a country that determine whether or not it develops and how fast it develops if it performs. In addition‚ economics helps you to understand how wealth and finance are distributed‚ and the causes and effects of borrowing
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EXAM 2 STUDY GUIDE – CHAPTERS 7 - 10 (partial) ECON 204 SPRING 2013 Chapter 7 Inflation Deflation Effects of Inflation 1. Price effects a. Real vs. nominal income 2. Income effects 3. Wealth effects Money illusion Measuring inflation • Consumer Price Index (CPI) • Market basket Construction of a Price Index 1. Calculate cost of basket in each year 2. Create Price Index using chosen base year = ∗ 100 • Say’s Law Keynesian Theory • Inherently unstable economy • Government
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