Economics 1022A/B Study Guide - Midterm Guide: Potential Output, Canadian Dollar, Demand Curve

• School: Western University
• Department: Economics
• Course: Economics 1022A/B
• Professor: All

Document Summary

Drinks, food, pencil cases, calculator cases, the plastic wallet holding your student card and cell phones are not allowed. The possession of a cell phone at your desk may be considered an attempt to cheat and will be dealt with accordingly. Further instructions are on the reverse of this page. Sheet you may keep your question paper. Use the information below to answer the following questions. Business investment = 30: refer the information above. How much are net exports? (it may help to draw a circular flow. Diagram of expenditures, income and financial flows): 5, 15, 20, 30, 60, refer to the information above. How much is consumption expenditure? (it may help to draw a. V111: a bakery uses flour to produce bread. There are only two goods in this economy. What is current nominal gdp: ,000, ,900, ,000, ,000, none of the above. A-3: a south sea island produces only coconuts.