test1pract (no answers)

test1pract (no answers) - TEST 1 (Practice) Macroeconomic...

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Macroeconomic Theory Please answer the following questions. Be BRIEF and only write on the space provided. No type of ±external help². You have 80 minutes to work on your test. NAME: 1. (1 point) What are the three approaches to measuring GDP? Butter³s Energy and Cartmanland Theme Park. Cartmanland sold tickets for a total value of $500 and spent $200 in electricity from Butter³s Energy. Butter³s Energy bought $100 of oil, imported from Ethernopia, of which it used $50 and stored the rest. Butter³s energy GDP and trade balance. 3. (1 point) What are the three main components of Gross Private Investment? 4. (1 point) Imagine that I sell my house, which I bought two years ago for $1000, for $2000.
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This note was uploaded on 05/13/2010 for the course ECON 110D taught by Professor Schmitt-grohe during the Spring '08 term at Duke.

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test1pract (no answers) - TEST 1 (Practice) Macroeconomic...

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