Macroeconomics Exam 1 Instructor: Prof. Phelps Name: Results: Class: Period: Date: Read each question carefully then circle the correct answer. When you are finished transfer the answers to the Scantron sheet. Make sure that you enter your name on both the exam and the scantron sheet. You have 1 hour to complete the exam. 1. For economists‚ the word "utility" means: a) versatility and flexibility. b) rationality. c) pleasure or satisfaction.** d) purposefulness
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1. From the definition of GDP we arrive at the following expression: c + i + g + x-m = y = c + s + t Discuss the three important economic relationships that can be derived from this expression related to the definition of GDP and explain each carefully. The expression above depicts two different ways to come up with real GDP for a country. The left side of the expression explains expenditure side of computing real GDP which can be rewritten as: y = c + i + g +x – m In real terms‚ it could
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1. Where is your country located? Japan is an island nation in East Asia. Located in the Pacific Ocean 2. What ’s its capital city or cities? The capital of Japan is Tokyo 3. Who is its President/Queen/King/Prime Minister? The Prime Minister of Japan is the head of government of Japan. He is Shinzō Abe. 4. What ’s its GDP? The economy of Japan is the third largest in the world by nominal GDP‚ the fourth largest by Purchasing Power Parity and is the world ’s second largest developed
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What is the macro gross anatomy? The macro gross anatomy is the study of organisms with the naked eye. What is the skeletal system? The skeletal system is a very important part of the human body this consists of 206 bones‚ which together with different structures make the joints of the system. Within the skeletal system the structures present are the cartilage‚ bone tissues‚ fibrous connective tissues which form the ligaments of the bones Scanlon and Sanders‚ pp.122‚ 2014). The skeletal system
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Healthcare Japan External Trade Organization Invest Japan Division‚ Invest Japan Department Ark Mori Building‚ 6F‚ 12-32‚ Akasaka 1-chome‚ Minato-ku‚ Tokyo 107-6006‚ Japan Tel:+81-3-3582-5571 Fax:+81-3-3505-1990 Neither this publication nor any part of it may be reproduced‚ stored in a retrieval system‚ or transmitted in any form or by any means‚ electronic‚ mechanical‚ photocopying‚ recording or otherwise‚ without the prior permission of JETRO. All information in this publication is verified
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Macro-economic factors: There are a lot of macro environmental factors that affect Telfin performance though emphasize has been given on the important factors. Economic factors like current and anticipated economic growth‚ interest rate‚ inflation‚ cost of labor‚ disposable income and distribution of income etc collectively comprise economic environment. Current and projected economic conditions: In recent years Pakistan’s economic figures were indicating very impressive and promising consequences
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Japan Today Political Structure Although Japan is a small country in size‚ one cannot underestimate the power that Japan has in today ’s society. Japan is the world ’s second most powerful economic country in the nation behind the United States. Over the last several decades‚ Japan has emerged from a devastated and defeated country to a political democracy‚ which holds a powerful economic standing in the world. Japans government is mostly composed of one-party dominance. This party is known as
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analysis on PEST environment for Japan‚ prepared for the audience who are several managers from the Food and Beverage industry interested in Foreign Direct Investment (FDI) in Japan. The following pages discuss the political-legal environment‚ economy environment‚ social-culture environment and technological environment in Japan allowing with random but related issues in each environments. Before any attempt on FDI in Japan‚ it is important for potential investors to know how the environments could bring
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The rise of Japan has been greeted by countries around the world with a mixture of surprise and wariness. Western powers in particular‚ perceived the rise of Japan as a regional threat to their interest in the far East. The document‚ a letter written by President Roosevelt to Senator Knox regarding the relations between the United States (US) and Japan in 1909 is a reflection of the wariness of Western powers to the rise of Japan. Furthermore‚ the letter also shows an important passage in the social
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Why japan ? In the field of research‚ Japan is known for high-level achievements in natural sciences and technology development. In media and communication research‚ communication technology has by far the area received the most attention and funding from both public and private sources in Japan. The u-Japan strategy and other visions of the future lead the development of humanoids and robotics‚ research on human-computer communication‚ ubiquitous computing and mobile technology. Basic information
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