AP ECON 3550 Midterm exam F12.pdf - AP ECON 3550 Midterm...

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Principles of Macroeconomics
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Chapter 19 / Exercise 3
Principles of Macroeconomics
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AP ECON 3550 Midterm Exam F2012 Instructor: Dr. David K. Lee Page 1of 2Name:___________________________________________ID:______________________________________________ Instructions: Clearly identify your name and ID in both, the question sheet and exam book, and submit both.Show your answers only in the exam book. Any writing in the question sheet will not be read for grading. There are two sectionsin this exam. You have to answer all in Section A, and any two in Section B. Each question is equally weighted of 10 marks. Questions: Section A:This section consists with 5 questions. Answer all. 1.Explain the basic framework of Human Development Index, HDI. How is it improved to compare by looking macroeconomic variables such as gross national products. Explain the difference between HDI and New HDI. Which one do you think is more improved one? Why? Explain. 2.Explain the effects of savings and population on the economic growth with both traditional macroeconomic models such as Keynesian and/or neoclassical, and the typical growth model introduced by Robert Solow. What are the general views of most economists for the impacts of
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Principles of Macroeconomics
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Chapter 19 / Exercise 3
Principles of Macroeconomics
Mankiw
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