Exam+_1+_Spring+2011_[1] - Name: _ SID : _ GSI: _ Econ 100B...

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Exam #1 (Spring 2011) Econ 100B 1 of 14 Name: ____________________________ SID : ____________________________ GSI: ____________________________ Econ 100B Macroeconomic Analysis Professor Steven Wood Spring 2011 Exam #1 Please sign the following oath: The answers on this test are entirely my own work. I neither gave nor received any aid while taking this test. I will not discuss the questions on this test until after 5:00 p.m. on February 22, 2011. ______________________ Signature Any test turned in without a signature indicating that you have taken this oath will be assigned a grade of zero. Exam Instructions 1. When drawing diagrams, clearly and accurately label all axis, lines, curves, and equilibrium points. 2. Explanations should be written in pencil or black . Legibility is a virtue; practice good penmanship. 3. Explanations should be succinct and to the point; make use of bullet points and common mnemonics. 4. If you have a question, ask one of the GSIs. 5. If you need to re-draw a diagram or need more room to write your answers, use pages 2, 13 and/or 14. 6. When time is called, STOP writing and CLOSE your exam packet immediately. You WILL BE PENALIZED if you continue to write past the official end of the exam. 7. If you finish your exam before 4:55 p.m. you may turn your exam into your GSI and quietly exit the room. If you finish your exam after 4:55 p.m., close your exam packet but remain seated until time is called. Once time is called, pass your exam to the nearest aisle where a GSI will collect it. Do NOT open this test until instructed to do so. Good Luck!
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Exam #1 (Spring 2011) Econ 100B 3 of 14 A. Multiple Choice Questions (30 points) . Circle the letter corresponding to the best answer. (3 points each.) 1. Because government services are not sold in markets: a. They are valued at their cost of production. b. They are excluded from the measurement of GDP. c. The government estimates what their market value would be. d. They are valued by the tax revenues the government collects. 2.
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This note was uploaded on 07/18/2011 for the course ECON 100B taught by Professor Wood during the Spring '08 term at University of California, Berkeley.

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Exam+_1+_Spring+2011_[1] - Name: _ SID : _ GSI: _ Econ 100B...

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