and services. The reason why GDP measures two things at once is that the output of goods and services and total income‚ quantitatively‚ are the same. For instance‚ every dollar of expenditure by a buyer must become a dollar of income to a seller. 2. What does the consumer price index measure? How is it different from the GDP deflator? Consumer Price Index (CPI) measures the price of a fixed basket of goods and service purchased by a typical consumer relative to the same basket in a base year.
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Macroeconomics‚ 7e (Abel/Bernanke/Croushore) Chapter 1 Introduction to Macroeconomics 1.1 What Macroeconomics Is About 1) The two major reasons for the tremendous growth in output in the U.S. economy over the last 125 years are A) population growth and low inflation. B) population growth and increased productivity. C) low unemployment and low inflation. D) low inflation and low trade deficits. Answer: B Diff: 1 Topic: Section: 1.1 Question Status: Previous Edition 2) The
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Course name: Macroeconomics FINAL 1. The two large macroeconomies I selected are China and the United States. 2a. GDP and GDP growth rate Found on http://www.tradingeconomics.com/Economics/Interest-Rate.aspx?Symbol=CNY China U.S. GDP per capita 2000- 949 34606 2001- 1021 34518 2002- 1106 34747 2003- 1209 35318 2004- 1323 36272 2005- 1452 37050 2006- 1612 37757 2007- 1811 38138 2008- 1963 38206 2009- NA NA China U.S. GDP growth rate (avg) 2000- 7.68 4.15
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7-2 Notes Eukaryotic Cells 1. Eukaryote cells are divided into two parts Nucleus Cytoplasm Portion outside the nucleus where organelles reside Nucleus 2. Contains most of the cell’s DNA 3. DNA is the code for making proteins 4. Surrounded by a double membrane called the nuclear envelope 5. Contains chromatic‚ which consists of DNA bound to protein Condenses during cell division to form chromosomes 6. Nucleolus – small dense region in nucleus where the assembly of ribosomes begins Ribosomes 7. Small
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M1‚ savings deposits‚ time deposits‚ and money market mutual fund shares • The monetary base is defined as the total amount of liabilities of the central bank‚ and it includes (1) currency and (2) reserves • Nash equilibrium: if no one accepts money then you won’t either Lecture 2 D = 100 + 80 + 64 + . . . or equivalently D=100+.8×100+.82 ×100+... D=100(1+0.8+0.82 +...) Say‚ x=1+0.8+0.82 +... then multiply both sides by 0.8 to obtain 0.8x=0.8+0.82 +0.83 +... now subtract the
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PRINCIPLES OF MACROECONOMICS LECTURE 1: INTRODUCTION Definition of Macro economics Macroeconomics is the study of the behaviour of large collections of economic agents (aggregates). It is the study of the economy as a whole. It focuses on explaining economic changes that affect many households‚ firms‚ and markets simultaneously. Some of the important macroeconomic questions are: Why is income high in some countries while it is low in others? why do prices rise rapidly sometimes and are stable at
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to 1000‚ calculate private savings. Is this equal to Investment? Private Savings = Y – C - T f. Calculate the marginal propensity to consume? g. What is autonomous consumption? 2. Suppose that a person’s wealth is $50‚000 and that her yearly income is $60‚000. Her money demand function is given by M = $Y(.35 –i) a. What is her demand for money and her demand for bonds when the interest rate is 5% and 10%?
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......... I. PESTLE Analysis ................................................................................................ 1. Political .......................................................................................................... 2. Economic ....................................................................................................... 3. Social .............................................................................................................. 4. Technological
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After looking through the course catalogue‚ I question how people graduate in four years. Is it possible to cram all of the intriguing classes University of San Diego offers into a mere eight semesters? Before‚ I believed my path at USD was unwavering. Now‚ I still know I will never major in any subject held in Shiley‚ but stepping foot in that building will not immediately kill my GPA. I plan to major in Communications‚ but now‚ I see a possibility of adding a minor or two. When classes began
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THE UNIVERSITY OF THE WEST INDIES OPEN CAMPUS SEMESTER I √ SEMESTER II □ √ SUPPLEMENTAL/SUMMER SCHOOL □ Examinations of December / April/May □ / July □ 2011 Time: Paper No: Course Code and Name Title: ECON1002 INTRODUCTION TO MACROECONOMICS Date: Duration ___2_______Hrs. Materials required: Answer booklet: Calculator: (where applicable) √ Programmable □ Normal Numerical Special □ Not Required □ Non Programmable Alphabetical √ Included Multiple Choice Answer
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