ECMA06_Midterm_Winter_2009A - University of Toronto...

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ECMA06 Midterm Version A – Winter 2009 Page 1 of 8 University of Toronto Scarborough ECMA06 – Introduction to Macroeconomics: A Mathematical Approach Midterm, Winter 2009 Version A Instructor: Iris Au Date & Time: Saturday, February 28, 2009, 5:00pm – 6:30pm Total Marks: 100 (each question is worth 4 marks) Total # of pages (including the cover page): 8 Instructions – please read carefully 1) On the scantron answer sheet, you must: PRINT your family name and first name. Enter your student number as the identification number. FILL IN THE BUBBLES under you name and student number. FILL IN THE BUBBLES ASSOCIATED WITH YOUR TEST VERSION ( THIS IS VERSION A). 2) If you fail to carry our all tasks indicated in part 1, 4 marks will be deducted from your final score. 3) There are 25 multiple-choice questions (and a 26 th question which will confirm your exam version). For each question, choose the correct answer. If two multiple choice answers both seem to be approximately correct, choose the best of the two answers. Put your answers on the scantron sheet provided by filling in the appropriate bubble. If answers are not written on the scantron sheet, there will be no marks given for answers. Each correct answer is worth 4 marks (except for Question 26, where the correct answer simply confirms your exam version); incorrect answers receive 0 mark (there is no deduction for wrong answers). 4) When entering your answers on the scantron sheet: Use a medium (HB) pencil. Fill in the bubble neatly and completely. Erase any changes as completely as possible. Be very careful to place each answer in the correct place.
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ECMA06 Midterm Version A – Winter 2009 Page 2 of 8 This midterm consists of 25 questions (plus a 26 th identifier question). Answer each question by choosing the best alternative and indicating your choice in the appropriate place on the scantron sheet provided with this exam (it is the only thing you will turn in at the end of the exam). You may take the rest of the exam away with you, so you can use the front and back of these pages for your rough work. If you wish to keep a record of your answers, make a note of them on the exam. The scantron sheet will not be returned to you, but correct answers will be posted, and your grade will be posted on the Intranet. Question 1 In the past decade, the labour force participation rate in Canada is approximately equal to: A) 91% B) 82% C) 77% D) 68% E) 56% F) 45% G) 34% H) 25% I) 16% J) 7% Question 2 – Question 3: For the economy in question, the size of the adult population is held constant at 31455. The pool of people who are not in the labour force (i.e., who do not have job and are not looking for work) is 10455. In addition, 16650 people have full-time jobs and 2850 people have part- time jobs. The remaining 1500 people are unemployed. Question 2
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This note was uploaded on 06/18/2011 for the course ECMA 06 taught by Professor Dr.atamazaheri during the Spring '10 term at University of Toronto.

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ECMA06_Midterm_Winter_2009A - University of Toronto...

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