University of South Carolina
Econ 222 Principles of Macroeconomics
PROFESSOR:
OFFICE:
EMAIL:
OFFICE HOURS:
Jordan Jakubek
[email protected]
By appointment
Learning Objectives: The purpose of this course is to give the student a solid background in
the
Exam 2 Study Guide
Thursday, March 24, 2016
9:55 PM
Formulas and Equations
S-I = NCO = NX
Savings - Investment = Net Capital Outflow = Net Exports
Nominal interest rate e =
Real Exchange Rate =
P = price in domestic country; Pf = price in foreign country
Midterm Exam 2 Answer Key
Multiple Choice Section:
1)
2)
3)
4)
5)
6)
7)
8)
9)
10)
11)
12)
13)
14)
15)
16)
17)
18)
19)
20)
B
A
D
A
B
B
D
B
A
A
B
C
C
A
B
B
C
B
A
A
Short Answers
1) (10 points)
a. The graph should have epsilon (or the real exchange rate) on
Name: _
ECON 322, Fall 2015, Midterm Exam #2
Part A, Multiple Choice (60 points). Please circle the best answer. There is exactly one
correct answer for each question. There are 20 questions total.
1) Assume that an open economy has a higher level of savi
Tyler Walker
Exercise 10-14
a.
Upstream costs: $67,000,000
Downstream costs: $50 per unit
b.
Cost of goods sold: $100,000,000
Ending inventory: $10,000,000
c.
Upstream cost per unit
Manufacturing cost per unit
Downstream costs per unit
Total cost
Plus: 25
Chapters 7 and 8 In Class Group Problems
Simple Solow Growth Problem
1. Assume that production function is of Cobb-Douglas form
Y F ( K , L) 20 K L1
and the share of income that is attributed to capital is 30%. In this economy capital has an average
life