First Exam_f2011_version1-1

First Exam_f2011_version1-1 - Name Discussion Section...

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Name______________________________________________ Discussion Section Instructor____________________________ Econ 102: Fall 2011 (Eudey) First Exam Version 1 The exam is worth 25 points. Please circle your selection in the multiple choice problems, and write your answer in the space provided for the short-answer problems. Each multiple-choice question is worth 1 point. Short-answer questions are each worth from 1 to 3 points, as indicated at the start of each short-answer problem. No books or notes are allowed during the exam.
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A) what is left over from total new private investment after depreciation. B) the total amount of private investment purchases, whether new or previously existing. C) the total amount of new private investment purchases. D) gross investment plus depreciation. 2) Which of the following is NOT an example of private investment expenditure? A) new plants and equipment added during the year B) new houses built during the year C) using credit cards to purchase durable and nondurable goods D) increases in inventories on goods produced during the year 3) Social security payments are examples of A) nondurable goods. B) durable goods. C) services.
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First Exam_f2011_version1-1 - Name Discussion Section...

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