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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THE MINI SURVEY REPORT ABOUT TOURISM PLACE IN MAKASSAR The Convenient of Fort Rotterdam As a Tourism Place‚ and Media To Study The History and Culture of South Sulawesi Submitted as a requirement to pass The English for Tourism Subject OKI DWI RAMADIAN 1252132085 STATE UNIVERSITY OF MAKASSAR MAKASSAR 2013 CHAPTER I A. Background One of the most beautiful tourism place in South Sulawesi especially in Makassar is Fort Rotterdam. Many people comes to this place every day‚ they come to Fort Rotterdam
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[pic] Assignment 1 Macro-environmental analysis Company: The Dairy Farmers Co-operative Milk Co. Ltd Products: Dairy products Country: Vietnam [pic] Executive Summary In recent decades‚ the Vietnamese economy has experienced an unprecedented growth. Along with the significant development of the economy‚ the increasing in population and income has led to a rising need for imported dairy products like milk
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Sports Tourism Sports Tourism is viewed as international trips that are made to watch sporting events. There is no universally accepted definition of sports tourism‚ but the terms ‘sport tourism’ and ‘sport tourist’ are often found in literature review. Stuart Hall‚ a cultural theorist and sociologist from Kingston‚ Jamaica is one of the many theorists that have formulated an opinion of the definition of sports tourism. Hall is under the belief that sports tourism falls into two categories
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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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The Future of Tourism The Impact of Rapidly Expanding Growth on the Tourism Infrastructure Prepared by: “No Holds Barred” Think Tank October 2008 Change is no stranger to travel professionals. With daily upgrades in technology opening new doors for the consumer‚ and particularly since the face of travel was forever changed on September 11‚ 2001‚ NTA members and travel professionals across the world have been making changes to their business model‚ their staffing structures‚ their buying and selling
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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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Tourism can generate large amount of revenues and provide job opportunities globally. Tourism is often treated as means to develop the country and to make the country known worldwide. This leads to the construction of infrastructure and facilities which are placed in locations which has the tendency to generate revenue in conjunction to tourism. However‚ the environment‚ economy and socio-culture suffers from the acts of tourism due to the activities carried out by tourist‚ thus creating negative
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The Beauty of diagrams Mathematician Marcus du Sautoy explores the stories behind some of the most familiar scientific diagrams. Vitruvian man is a perfect diagram. Do you think so as well? Is the beauty subjective or objective? It is a very interesting controversy in the theory of aesthetic. In fact‚ everyone has their own point of view‚ no concession. Subjective opinion represents your emotional thinking. Objective opinion represents your theoretic thinking. I insist that the beauty is subjective
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