Sample Final AK - Yonsei University Summer 2010 Please note...

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Yonsei University Summer 2010 Please note that none of the questions of this sample final will be exactly reproduced in the actual Final. Make sure that you understand the underlying concepts behind each question so you can answer similar but not exactly equal questions. The sample final is not a reference for the length of the actual final. Please note that the final is COMPERHENSIVE while the sample final only covers the last section of the course (from last midterm to the final lecture). Use the sample Midterm and Actual Midterm to study for the first part of the course Multiple Choice Questions 1. You are given the following information about the economy: Public saving is _____ ; private saving is _______ and national saving is ______. A. 500; 2,000; 500 B. 500; 2000; 2,500 C. 2,000; 500; 3,500 D. 750; 500; 2,750 AACSB: Analytical Skills Bloom's: Application Frank - Chapter 008 #62 Learning Objective: 8-2 Section: National Saving and Its Components 2. Where Y is GDP, C is consumption, I is investment, T is net taxes, and G is government spending, if there is no trade, then private saving equals: A. C + I + G - T B. Y - T - C C. Y - T - G D. Y - C - I AACSB: Analytical Skills Bloom's: Understanding Frank - Chapter 008 #48 Learning Objective: 8-2 Section: National Saving and Its Components
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3. Net taxes equal the amount A. the government pays the private sector plus the amount of private sector pays the government. B. the government pays the private sector minus the amount the private sector pays the government. C. the business sector pays the government minus the amount the private sector pays the government. D. the private sector pays the government minus the amount the private sector receives from the government. AACSB: Analytical Skills Bloom's: Knowledge Frank - Chapter 008 #42 Learning Objective: 8-2 Section: National Saving and Its Components 4. On January 1, 2007, Jay purchased shares of stock for $10,000. On December 31, 2007, the same shares are now worth $7,500. Based on this information: A. Jay's saving for the year increased by $2,500. B. Jay's saving for the year decreased by $2,500. C. Jay has a $2,500 capital gain for the year. D. Jay has a $2,500 capital loss for the year. AACSB: Analytical Skills Bloom's: Application Frank - Chapter 008 #30 Learning Objective: 8-1 Section: Saving and Wealth 5. Chris earns $1,500 per week and spends $1,000 per week on living expenses, puts $200 in a savings account, and buys $300 worth of shares in a stock mutual fund. Chris's saving is ____ and Chris's saving rate is _____. A. $200; 13.3% B. $200; 20% C. $300; 20% D. $500; 33.3% AACSB: Analytical Skills Bloom's: Application Frank - Chapter 008 #5 Learning Objective: 8-1 Section: Saving and Wealth
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6. The introduction of new technologies ____ the real interest rate and ____ the equilibrium quantity of national saving. A.
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This note was uploaded on 10/05/2010 for the course ECON econ princ taught by Professor Kim during the Spring '10 term at Yonsei University.

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Sample Final AK - Yonsei University Summer 2010 Please note...

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