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Past Exam for ECN 101 - Intermed Macro Theory with Bergin at UC Davis (UCD)

Exam Information

Material Type:Mid-Term
Professor:Bergin
Class:ECN 101 - Intermed Macro Theory
Subject:Economics
University:University of California - Davis
Term:Fall 2007
Keywords:
  • Insufficient Information
  • Private Saving
  • The Economy
  • Information
  • Information Economy
  • Explanation
  • Constant Returns
  • Financial Market
  • Technological
  • Consumption
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Sample Document Text

1 Name ______________________ Student ID ________________________ Mark on your scantron: Test from B Midterm - Economics 101 (Fall 2007) You will have 75 minutes to complete this exam. There are 62 points. Multiple Choice: (16 points total, 2 points each) Choose the best answer. Write on your scantron For questions 1-2, assume the following information for an economy that produces two goods. Use 2006 as your base year. 2006 2007 beach towels: price $5 $6 quantity 3 2 suntan lotion: price $3 $4 quantity 8 10 MC#1) The CPI for 2007 is: a) 40/52. b) 40/50. c) 50/39 d) 52/40. e) 39/50. MC#2) The GDP deflator for 2007 is: a) 40/52. b) 40/50. c) 50/39 d) 52/40. e) 39/50. MC#3) All of the following actions are classified as investment in macroeconomics, except: a) You buy shares of stock in Intel (a company) b) Intel builds a new factory in Sacramento. c) A ...

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