secondmidterm051804

secondmidterm051804 - Econ 52 Economic Analysis III Spring...

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Econ 52 Mark L.J. Wright Economic Analysis III [email protected] Spring 2004 Landau 336 Second Midterm Exam Date: Wednesday 19th May, 2004 Instructions 1. Answer each part of the exam in a separate blue book. 2. Write your name, student number, TA section and the part attempted on the front page of each blue book that you use. 3. Write your answers in permanent ink. Answers submitted in pencil, or in erasable ink, are not eligible for regrade requests. 4. You have 100 minutes to answer this exam. 5. The exam has four (4) pages. Please check that you have all pages. 6. There are one hundred (100) points worth of questions. Answer all questions. 7. This is a “closed book” exam. You may not consult your notes or textbooks during the exam. 8. No calculators are to be used on the exam. 9. You may not talk to any other student while completing the exam. Exam answers are to be completed, and handed in, individually. 10. Professor Wright will be available to answer questions during the f rst ten minutes of the exam. If you are confused about a question on the exam after the f rst ten minutes, explain why you are confused in your answer, state what you think is necessary to resolve your confusion, and then proceed to answer the question accordingly. 1
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Part A (Short Answer Questions) (30 points total) Evaluate each of the following statements. State whether they are true, false or uncertain, and give a short explanation of your reasoning. No points will be awarded without the correct explanation. 1. A transfer of income from the richest f fty per-cent of society to the poorest f fty per-cent of society always lowers the Gini coe cient for an economy. (6 points) 2. In the endogenous growth model (also referred to as the new growth model) discussed in class, an increase in a country’s savings rate increases the level of income, but has no e
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This note was uploaded on 04/29/2008 for the course ECON 102 taught by Professor Serra during the Winter '08 term at UCLA.

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secondmidterm051804 - Econ 52 Economic Analysis III Spring...

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