Economics 1021A/B Study Guide - Midterm Guide: Government Budget Balance, Core Inflation, Real Interest Rate

• School: Western University
• Department: Economics
• Course: Economics 1021A/B
• Professor: Jeannie Gillmore

Document Summary

Instructions: the examination begins at 4:00 p. m. and ends at 6:00 p. m, check that your examination paper contains 19 pages, use a black pencil to complete your scantron form. No breaks outside of the examination room will be allowed. Note: questions are printed on both sides of each page. Gdp (income approach) minus: consumption expenditure, subsidies, depreciation, corporate profits, taxes. a bunch: refer to table 1. The table provides data on the economy of tropical republic that produces only bananas and coconuts. Gdp in 2012 expressed in 2011 dollars is ________: ,000; ,500; ,472. 50, ,500; ,000; ,472. 50, ,500; ,625; ,575, ,472. 50; ,500; ,000, ,472. 50; ,000; ,500. During this period, the growth rate of real gdp per person in canada has been ________ than in. Hong kong: reversed; faster, increased; faster, decreased; faster, remained constant; equal, reversed; slower. The interest rate on the bond rises from 4 percent to 5 percent.