quiz3spring2008answersmondaywednesdayv1

quiz3spring2008answersmondaywednesdayv1 - Economics 302...

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Economics 302 Name ________________________________________ Spring 2008 Monday/Wednesday Lecture Answers to Third Quiz* Student ID Number _____________________________ The following quiz is worth a total of 2.5 points. Mark your answer clearly and distinctly: illegibly marked answers will be counted as wrong answers. 1. National saving is I. Equal to the sum of private saving plus government saving. II. Equal to the sum of investment spending and net exports. III. Equal to aggregate disposable income minus consumption spending. a. Statements I, II and III are true. b. Statements I and II are true. c. Statements I and III are true. d. Statements II and III are true. e. Statement I is true. 2. In the Solow growth model with population growth and technological change, whenever the marginal product net of depreciation is greater than the sum of the rates of population growth and technological change, the omniscient and omnipotent policymaker should a. Increase the economy’s rate of saving. b. Decrease the economy’s rate of saving.
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quiz3spring2008answersmondaywednesdayv1 - Economics 302...

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