UWecon 102 or mac 1bb3 (13)

UWecon 102 or mac 1bb3 (13) - Level of GDP per Capita(1985...

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Unformatted text preview: Level of GDP per Capita (1985 US. doiiars) 1989 14 035 H, . _‘-‘ Using the compound growth formula, the annuai_.growth rate of income per capitagapore is: when» a) 6.360- - - 2169: ..\-\ 4c. ‘0 l. 70:: l‘rofisofl % —* 1W“ @ M J” ‘ c) 10% A’" , o..._.,-.fl.. .__ M J .d) I“one of the above a Q {‘53 8 hQ hQnL Y) '5 ,7 id J E ' "- . C) > (“,9- - 87. . ‘ of the following is a normatiye statement? ’ If the price of a product decreases, quantity demanded increases a3 iii-gig efiation'al' saving rate were to increase, so would the rate of economic growth - © Reducing tax rates on the wealthy would be good for the country _ All of the above are normative statements i, 88. \Dl British citizen buys an automobile produced in Canada by a Chinese company. ‘33., As a result: _ 7:- a) Canadian net experts, GNP and GDP increase, Chinese GDP increases, British net exports decrease, and British GDP in unaffected Canadian net exports,.and’GDP increase, Chinese GNP increases, British 8 net exports decrease, and British GDP and GNP are unaffected c) Canadian net exports, GNP and GDP are unaffected, Chinese GNP - increases, British net exports decrease, and British GDP and GNP fall "7 _.._ H " \EQ 'hmfanadiai—rflfit'éxports increase, Canadian GNP and GDP are unaffected, Chinese GNP increases, British net exports decrease, and British GNP and q [/ME’“ GDP are unaffected with c}, [00 s q or.) E . k” 3% 89. By Marks buys a one-year German governm t % (c-lled a bund) for $490} -7 .5 He receives principal and interest totalling ,6. 9e r later. During the year [go Fe 5/ (go - the CPI rose froMSflimléZf’rbut he had them - - CPI would be 159 by the end of the year. By Marks had expected the real interest rate to be , but it W actually turned out to be ' ‘6 p 'd) 1%,‘3% '- a) 8%, 1% . ‘ c \ (:::j:) ‘ngfl Siikifii \ Q Cl l , -{> *Y‘UVNAivket/l -ir\jfleil ...
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