Chat Midterm Exam 1

Chat Midterm Exam 1 - Current Location 1. 2. 3....

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Current Location 1. Intermediate Macroeconomic Theory 105A (001) (Spring 2010) 2. Collaboration 3. View Recording Edit Mode: EDIT MODEON Top of page View Recording Midterm Exam 1 Econ 105A Apr 22, 2010 7:01:10 PM PDT Content [Ester Almazan joined the session] Apr 22, 2010 7:01:56 PM PDT [Mollie Le Quan joined the session] Apr 22, 2010 7:02:03 PM PDT Marcelle Chauvet: hello Apr 22, 2010 7:03:05 PM PDT [Doreen Fernandez joined the session] Apr 22, 2010 7:03:13 PM PDT Marcelle Chauvet: Do you have any questions about the material? Apr 22, 2010 7:03:23 PM PDT Jonathan Chan: can you go over the cobb-douglas prod. function? Apr 22, 2010 7:03:23 PM PDT Marcelle Chauvet: this is not going to be in the test! Apr 22, 2010 7:03:50 PM PDT Jonathan Chan: oh ok Apr 22, 2010 7:03:55 PM PDT Mollie Le Quan: ch 1-3 only rite? Apr 22, 2010 7:04:21 PM PDT Doreen Fernandez: Is okuns law going to be on the test? Apr 22, 2010 7:04:26 PM PDT Marcelle Chauvet: ch 1 t to 3, yes Apr 22, 2010 7:04:46 PM PDT Marcelle Chauvet: But only part of chapter Apr 22, 2010 7:04:51 PM PDT Marcelle Chauvet: chapter 3 Apr 22, 2010 7:04:58 PM PDT [Brian Adachi left the session] Apr 22, 2010 7:05:30 PM PDT Marcelle Chauvet: You need to know Okun's law Apr 22, 2010 7:05:32 PM PDT Doreen Fernandez: can you review it once again? Apr 22, 2010 7:05:56 PM PDT Marcelle Chauvet: Okun's law is the relationship between changes in GDP and changes in
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unemployment Apr 22, 2010 7:07:03 PM PDT [Abel Gutierrez joined the session] Apr 22, 2010 7:07:24 PM PDT Marcelle Chauvet: the equation is delta Y = 3 - 2* delta u Apr 22, 2010 7:07:32 PM PDT Marcelle Chauvet: 'delta' means 'change' Apr 22, 2010 7:07:51 PM PDT [Xiao Feng joined the session] Apr 22, 2010 7:08:03 PM PDT [Xiao Feng left the session] Apr 22, 2010 7:08:23 PM PDT Eric Garcia: What are the three ways to compute GDP? Apr 22, 2010 7:08:52 PM PDT Marcelle Chauvet: in normal time when unemployment is stable changes in u =0, and GDP is expected to grow at the rate of 3% a year Apr 22, 2010 7:08:53 PM PDT [Minh Trinh joined the session] Apr 22, 2010 7:09:02 PM PDT Marcelle Chauvet: a) by summing all income in the economy Apr 22, 2010 7:09:16 PM PDT Marcelle Chauvet: b) by summing the value-added of each sector Apr 22, 2010 7:09:28 PM PDT [Xiong Xie joined the session] Apr 22, 2010 7:09:51 PM PDT Marcelle Chauvet: c) by summing all expenditure (sum of all pricesxall quantities) Apr 22, 2010 7:09:55 PM PDT Jonathan Chan: for gdp income=expenditure right? Apr 22, 2010 7:10:17 PM PDT [Andrea Franco joined the session] Apr 22, 2010 7:11:04 PM PDT Marcelle Chauvet: yes Apr 22, 2010 7:11:44 PM PDT Marcelle Chauvet: any more questions? Apr 22, 2010 7:13:02 PM PDT Jonathan Chan: when calculating nnp Apr 22, 2010 7:13:41 PM PDT [Brian Adachi joined the session] Apr 22, 2010 7:13:43 PM PDT Jonathan Chan: is depreciation fixed at 10% of gnp? Apr 22, 2010 7:13:52 PM PDT Marcelle Chauvet: yes, always Apr 22, 2010 7:14:07 PM PDT Jonathan Chan: can you give an example of factor payments to and from abroad
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This note was uploaded on 10/15/2010 for the course ECON Econ 104B taught by Professor Cannotremeberban? during the Summer '10 term at UC Riverside.

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Chat Midterm Exam 1 - Current Location 1. 2. 3....

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