FinalExam.A06.2005

FinalExam.A06.2005 - ECMA06H The Final Exam April 11, 2005...

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ECMA06H The Final Exam Time: 3 hours April 11, 2005 INSTRUCTIONS 1. Remove this page. The exam is underneath. This exam consists of 13 numbered pages. Please check to make sure you have all the pages. 2. Please fill in your name and student number on the answer booklet which accompanies this examination. THE ANSWER BOOKLET IS THE ONLY THING YOU WILL BE TURNING IN. 3. Record all answers to the multiple choice questions on the FIRST PAGE of the ANSWER BOOKLET. Use only CAPITAL LETTERS. All questions in the other parts should be answered in the appropriate place in the ANSWER BOOKLET. 4. At the end of the exam, turn in the answer booklet. You may take the rest of the exam away with you. 5. Total time for the exam is 3 hours. You may leave early, but not in the last five minutes of the exam. At the end of the exam, remain in your seat. The exam will be collected from you. Wait until you are dismissed to leave. 6. Use only approved calculators. Calculators which can store text will be confiscated. If the confiscated calculator is found to contain notes of any kind, academic consequences will ensue. 7. HINT: You will have to work quickly on this exam, so do not spend too much time on any single question. You will not have to provide a longer answer than the space provided in the answer booklet. 8. Cheating will be dealt with to the fullest extent possible under University rules. 9. Good luck. Have an enjoyable summer. 10. There are two different versions of this exam. This is version #1. Make sure that your answer booklet is identified as being version #1.
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PART I: MULTIPLE CHOICE QUESTIONS (80 marks) This exam includes 40 questions. Answer each question by choosing the best alternative and indicating your choice with a CAPITAL LETTER in the appropriate place on the first page of the ANSWER BOOKLET. Each correct answer is worth 2 marks; there is no deduction for wrong answers. 1. Canada’s GDP in 2004 (measured in current dollars) was approximately: A) $900,000 B) $1,300,000 C) $4,000,000 D) $9,000,000 E) $13,000,000 F) $40,000,000 G) $90,000,000 H) $130,000,000 I) $400,000,000 J) $900,000,000 K) $1,300,000,000 L) $4,000,000,000 M) $9,000,000,000 N) $13,000,000,000 O) $40,000,000,000 P) $90,000,000,000 Q) $130,000,000,000 R) $400,000,000,000 S) $900,000,000,000 T) $1,300,000,000,000 U) $4,000,000,000,000 V) $9,000,000,000,000 W) $13,000,000,000,000 X) $40,000,000,000,000 Y) $90,000,000,000,000 Z) none of the above 2. In the last year or so, the annual rate of inflation in Canada (measured by the annual change in the Consumer Price Index) has been approximately: A) 0% B) 2% C) 4% D) 6% E) 8% F) 10% G) 12% H) 14% I) 16% J) 18% K) 20% L) 25% 3 ! 4. A firm in 2004 produced goods worth $12,000. It had sales totaling $11,800, of which $6000 was to consumers, $2000 was to government, $2500 was to other firms within the country for immediate use in production, and $1300 was to other firms for use as investment in plant and equipment. The firm had $200 in goods it did not sell, representing a
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FinalExam.A06.2005 - ECMA06H The Final Exam April 11, 2005...

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