ECON 201 Lecture Notes - Bell System, Fiscal Multiplier, Capital Good
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ECON 201 Full Course Notes
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It is a good strategy to spend one minute per mark for your answers (150 minutes) and spend the remaining time (30 minutes) to review your answers. Write your name, student id and answers to the multiple-choice questions (parts i, ii and iii) on the computer scan-sheet with a pencil. For part iv, write all your answers on this exam with pen or pencil. You are allowed to use a non-programmable calculator and a paper dictionary. You are not allowed to tear any pages out of this exam. Part i: multiple choice questions (total=30 marks): a bakery sells its monthly output for ,000. It pays ,000 in wages to its workers, ,000 in rent and ,000 to its suppliers for materials, such as flour, sugar and oil. What is the bakery"s value added: ,000, ,000, ,000, ,000, none of the answers is correct. In 2013, pluto"s real gross domestic product (gdp) was million.
