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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Liberty vs Security had been a major issue throughout history. In recent years there has been an increase of insecurity regarding the safety of the country. Government has stated several new laws of enforcement to attack terrorism and preserve security to the country. The United States is a nation based on their fundamental sense of freedom‚ also known for many as the land of the free. However‚ questions are meant to be drawn to ask between being secure or maintain our liberty as US citizen? Can
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government getting too large that it is hurting individual rights and liberties‚ or is it providing opportunities for others to pursue them? In the journal article‚ “Is the Bureaucracy a Threat to Liberty”‚ we see opposing viewpoints from Ellsworth Barnard and Jacob Hornberger about if big government imposes on individual liberties. In order for all of the citizens of the USA to have equal opportunities towards safe and productive liberties‚ we have to have a large and strong federal government. While Hornberger
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American: Land of Liberty? About America‚ there are many things to think of and talk about. The more we acknowledge about that country on continent on the opposite bank across the Pacific‚ the more we seem to notice things more essential than the prosperous world of material on surface. The country is known by reputation as the land of liberty on the earth‚ and that‚ I believe actually refers to and represents not that little as we might think. We Chinese usually relate the word liberty to many great
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ECON 503: Chapter 3 Quantitative Demand Analysis Dr. Fida Karam Gulf University for Science and Technology Department of Economics and Finance Office N1-115 email: karam.f@gust.edu.kw Dr. Fida Karam (GUST) Quantitative Demand Analysis 1 / 19 Introduction The shapes of demand and supply curves influence how much shifts in demand or supply affect market equilibrium. • Shape is best summarized by elasticity. • Elasticity indicates how responsive one variable is to a change in another
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give up essential Liberty‚ to purchase a little temporary Safety‚ deserve neither Liberty nor Safety” (Franklin‚ B. (n.d.). Speech.) After all‚ if the safety is genuinely that essential‚ how could we give it up just to get a little temporary something else; Liberty? Liberty is the state of being free within society from oppressive restrictions imposed by authority on one’s way of life‚ behavior‚ or political views. (Johnson‚ S. (1831). Springfield ‚ MA: Noah Webster.) Liberty is something that
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Religious liberty is the first liberty listed in the Bill of Rights. The freedom to exercise religion is an important right and it is express in the first amendment of the constitution that says “Congress shall make no law respecting an establishment of religion‚ or prohibiting the free exercise thereof”. The free-exercise clause prevents the federal governments from interfering with religious practices of its citizens. The first amendment protects the freedom to exercise religion‚ but do not prevent
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Surname: Work submitted may be subjected to a plagiarism detection process. If this process is used‚ then copies of this work would be retained and used as a source material for conducting future plagiarism checks. Date Submitted: 23 MAY 2015 ECON 7300 Statistics for Business and Economics Statistics Project Project Dataset 4 Tutorial T11 Friday 8.30-10.00 Name: Xiaohui WAN Student Number: 43348802 Part A – Simple Linear Regression Analysis (a) Expectation Ŷi = β0 + β1xi
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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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bored by politics. However‚ by July 1830‚ the political crisis in France became hard to ignore. Battles for liberty‚ which were left over from the Revolution‚ bloodied the streets of Paris. After Louis XV’s execution in 1793‚ France struggled to form a functioning Government. In 1814 Louis XV’s brother‚ Louis XVIII‚ was summoned from exile in England to rule. The principles of modern liberty diminished and when Louis XV died‚ his older brother‚ Charles X‚ a fan of the old ways of medieval pageantry
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