Part B – Macroeconomics Question 10: a) Which of the following are final goods and services and which are intermediate goods and services? Please explain why in your answer. i) A windscreen purchased by a motor vehicle spare parts supplier; Intermediate goods – by national accounts (GDP) windscreen primary production value has already been accounted. It is being resold at a deflated value as second hand goods. ii) A new bulldozer to be used by a construction
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forty (40) marks. Suggested time for this section is sixty (60) minutes. Please record your answers on the examination answer sheet provided. Question 1 The definition of the term ’long run’ is based directly on: a) time. b) macroeconomic adjustment. c) the natural level of output. d) the balance of trade. Question 2 The underground economy is : a) a term applied to the mining industry. b) that part of the economy that is not measured in official GDP data
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Developing an eco-friendly stadium or arena appears to be at the forefront of almost every professional sports organization. I believe in the initial design/planning phases architects and facility planners must take notice in the direction which the sun sets and rises. One area of concern is the purpose of constructing the stadium and what is it’s intended use and for how long (Ammon‚ et. 2010) Also‚ if the organization is located in an extremely humid environment‚ I would most likely construct a
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1. Drawing on the Internet and other media sources‚ discuss current developments in the Mexican economy and how they are influencing companies in the United States and the U.S. economy Mexico’s economic freedom score is 67.0‚ making its economy the 50th freest in the 2013 Index. Its score is 1.7 points better than last year‚ reflecting notable improvements in investment freedom‚ trade freedom‚ and monetary freedom. Mexico is ranked 3rd out of three countries in the North America region‚ but its
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Economics Summary Chap 4&10 Chapter 4: Australia’s trade and financial flows Chapter 10: External Stability Overview Chapter 4: Understanding Australia’s place in the global economy Trends in Australia’s trade patterns Trends in Australia’s financial flows The balance of payments TRENDS in Australia’s balance of payments Consequences of a high current-account deficit Overview Chapter 10‚ External Stability: Australia’s current account deficit Australia’s foreign liabilities Australia’s
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Reserve Bank of India India - Macroeconomic Situation Assessment and Prospects Indian Merchants’ Chamber Mumbai June 19‚ 2012 Dr. Duvvuri Subbarao Governor Reserve Bank of India 1 India Macroeconomic Situation Cause for Concern? 2 India - Macroeconomic Situation Trends in Growth Rate Long-Term Trend 10.0 9.0 8.0 7.0 6.2 Per cent 8.5 5.6 8.0 Percent 7.5 7.0 6.5 6.0 5.5 5.0 6.5 8.7 7.5 10.0 9.5 9.6 Recent Trend 9.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 3 India Growth
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Suggested Solutions 2 Taxes in the Real Intertemporal Model (40 Raw Points) Taxes in the Real Intertemporal Model This problem studies the effects of a permanent (lump sum) tax decrease on macroeconomic variables such as This problem studies the effects of a permanent (lump sum) tax decrease on macroeconomic variables such as employemployment‚ output‚ consumption‚ investment‚ interest rates‚ and real wages. This problem is particularly ment‚ output‚ consumption‚ investment‚ interest rates and real
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1.5 The following information is collected from students upon exiting the campus bookstore during the first week of classes: a. Amount of time spent shopping in the bookstore Answer: Numerical; Continuous variables because the answer represent quantities. The response arises from a measuring process b. Number of textbooks purchased Answer: Numerical; discrete variables because the answer represent quantities. The numerical values that from a counting process. c. Academic major Answer:
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ECO/372– Principles of Macroeconomics – Final Exam Study Guide 2012 1. the market where business sell goods and services to households and the government is called a. goods market XXX b. factor market c. capital market d. money market 2. Real gross domestic product is best defined as a. the market value of intermediate goods and services produced in an economy including exports b. all goods and services produced in an economy‚ stated in prices in a given year and multiplied by quantity
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