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Unformatted text preview: Spring 2007 Name: __________________________ Circle one: 10:10 section, 11:10 section 1/5 Principles of Macroeconomics Midterm 2 You’ll have fifty minutes to complete this exam. Be sure to label all your curves and axes. If you have any questions during the course of the exam, feel free to ask me. Good luck! 1) Demographers use “population pyramids” as an easy way to visually depict a country’s age distribution. The diagram takes its name from the shape you would normally expect to see. For instance, consider this very typical example: Interestingly, because of a spike in births following World War II (i.e., the “Baby Boom”), America’s current age distribution looks nothing like the above example. Here is America’s 2007 population pyramid: This figure shows that within the next ten to twenty years, the U.S. will experience an unprecedented surge in workers retiring from the labor force. surge in workers retiring from the labor force....
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This note was uploaded on 05/13/2010 for the course ECON 323 taught by Professor Jakes during the Spring '10 term at Alcorn State.
- Spring '10