E1007_Macro_Exam_2008SP2

E1007_Macro_Exam_2008SP2 - 0710 Examination Paper School...

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DO NOT COMMENCE WRITING UNTIL INSTRUCTED TO DO SO 0710 Examination Paper School CMR Subject Area & Catalogue number ECON 1007 Paper 1 Course Name Macroeconomics Official Reading Time: 10 Minutes Writing Time: 2 hours and 40 minutes Instructions to Candidates: ANSWER ALL SECTIONS 1 1. Section A: Multiple Choice questions – 40 marks All 40 questions are compulsory. Each question is worth one mark and marks are not deducted for wrong answers. Ambiguous answers will score zero. 1Provide only one answer per question on the attached ANSWER SHEET at the back of this question paper. It is expected that students will spend 60 minutes on Section A 2. Section B: News article – 30 marks. This section contains 2 news articles. Students must answer ONE question (and all its sub-parts) and place their answers in the separate answer booklet. It is expected that students will spend 50 minutes on Section B. 3. Section C: Essay section - 30 marks. This section contains 5 essay topics. Students are expected to write on THREE (3) of the 5 topics. It is expected that students spend 50 minutes on Section C. 4. Diagrams should be used in all sections where appropriate. 5. This examination is a CLOSED BOOK exam which means that candidates are not allowed to bring any notes into the exam. 6. No programmable calculators are permitted. Please Note: Ten minutes reading time may be used for: 1♦ reading or writing on scrap paper only 2♦ use of an English language or a translation dictionary 3♦ other purposes for students with disabilities, as negotiated and as appropriate to the disability This exam paper contains 13 pages (incl. this page). Make sure you have all pages. ECON1007 Macroeconomics Examination SP2 2008 Page 1 of 14
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2Section A: Multiple Choice questions – 40 marks All 40 questions are compulsory. Each question is worth one mark and marks are not deducted for wrong answers. Ambiguous answers will score zero. Provide only one answer per question on the attached ANSWER SHEET at the back of this question paper. It is expected that students will spend 60 minutes on Section A. 1) Which of the following represents investment in the economic sense? A an increase in the quantity of shoes on the shelves at the store. B the construction of a house which will be occupied by its owner. C the construction of a factory building using money borrowed from a bank D all of the above (2) The sale in 2008 of a fridge produced in 1998 should be included: A in the calculation of GDP for 2008, as that is when the transaction occurred. B mostly in the calculation of GDP for 1998, except for any value-added in selling it in 2008. C in GDP in full for both 1998 and 2008, because it has entered the market place twice. D
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This note was uploaded on 10/19/2011 for the course ECON 1007 taught by Professor Macroeconomics during the Three '08 term at South Australia.

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E1007_Macro_Exam_2008SP2 - 0710 Examination Paper School...

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