# Exam_I - EMORY UNIVERSITY ECON212 Spring Semester 2015...

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Chapter 9 / Exercise 4
Macroeconomics: Principles & Policy
Baumol/Blinder
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EMORY UNIVERSITY ECON212 Spring Semester, 2015Intermediate MacroeconomicsExam I Candidates may use any self-contained, silent, battery-operated and pocket-sizedcalculator. The calculator should be used only for the purposes of calculation. It is thestudent’s responsibility to ensure that his calculator operates satisfactorily. Candidates must record the name and type of their calculators on the front page of theirexamination scripts. There are two sections. Answer the multiple-choice questions of Section A by shading theappropriate box on the MCQ form (Multiple Choice answer sheet). Make sure to fill inthe whole circle using a No. 2 pencil. Read the questions carefully and allocate your time efficiently. Total number of pages (including this one): 11. Name: __________________________ Student ID: _____________Page 1
##### We have textbook solutions for you!
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Chapter 9 / Exercise 4
Macroeconomics: Principles & Policy
Baumol/Blinder
Expert Verified
SECTION A: MULTIPLE CHOICE QUESTIONS (30%, each question 2%) Answer ALL questions in this section. Choose the one alternative that bestcompletes the statement or answers the question. Please answer questions byshading the appropriate box on the MCQ form (Multiple Choice answer sheet). 1.An economy's ______ equals its ______.
2.When a firm sells a product out of inventory, GDP:
3.Assume that apples cost \$0.50 in 2002 and \$1 in 2009, whereas oranges cost \$1 in 2002 and \$1.50 in 2009. If 4 apples were produced in 2002 and 5 in 2009, whereas 3 oranges were produced in 2002 and 5 in 2009, then the GDP deflator in 2009, using a base year of2002, was approximately: