Hand in question week 9
(i)
Core inflation is a measure of inflation that attempts to abstract from the short-term
volatility movements in some prices. While the measure of headline inflation is not
a
Name: George Pasas
Student ID: z3463255
Class: F10A
Tutor: Phillip Gibbs
Macroeconomics Tutorial 4
(i)
From Table G11, calculate the quarterly growth rate series of real GDP
(chain volume measure, col
Name: George Pasas
Student ID: z3463255
Class: F10A
Tutor: Phillip Gibbs
Macroeconomics Tutorial 2
Question 5:
(i)
(ii)
The government borrowing $20bn more will lead to the governments saving (TG) fal
Name: George Pasas
Student ID: z3463255
Class: F10A
Tutor: Phillip Gibbs
Macroeconomics Tutorial 5
Question 5:
In the short run, firms dont adjust prices instantaneously in response to changes in dema
Name: George Pasas
Student ID: z3463255
Class: F10A
Tutor: Phillip Gibbs
Macroeconomics Tutorial 3
Question 4:
(i) The demand and supply model of the aggregate labour market looks as follows:
The dema
Name: George Pasas
Student ID: z3463255
Class: F10A
Tutor: Phillip Gibbs
Macroeconomics Tutorial 9
(i)
As Australia is a small, open economy, the world interest rate (r) defines the Australian domesti
Name: George Pasas
Student ID: z3463255
Class: F10A
Tutor: Phillip Gibbs
Macroeconomics Tutorial 7
Question 4:
(i)
Monetary policy refers to the manipulation of the cash rate in order to influence the
Name: George Pasas
Student ID: z3463255
Class: F10A
Tutor: Phillip Gibbs
Macroeconomics Tutorial 6
Question 4:
Fiscal policy is a stabilisation policy that attempts to manage fluctuations in real GDP,
Name: George Pasas
Student ID: z3463255
Class: F10A
Tutor: Phillip Gibbs
Macroeconomics Tutorial 9
There is a flexible exchange rate between the Australian dollar and other currencies.
Suppose that th
ECON1102 MACROECONOMICS 1
Session 2, 2011
Sample Final Exam Questions
Guide to Answering the Questions
What I provide below is some guidance on how to answer the question and what
might be expected in
ECON1102 MACROECONOMICS 1
Session 2, 2011
Sample Final Exam Questions
Short-Answer Questions
The following are examples of the type of question that could be asked in Part B
of the final exam.
Questio
Chapter 5
Spending and output in the short run
5.1 Introduction to the Keynesian Model
Key Assumption firms do not respond to changes in the demand for
their products by changing their price in the s
Chapter 7
Money, prices and the Reserve Bank
7.3 Money and its uses
Money is defined by its uses or its function
It is a commodity/token accepted as a means of payment because it
fulfils 3 main func
Chapter 9
The aggregate demand aggregate supply model
9.1 Inflation, spending and output: Aggregate demand curve
Aggregate demand curve shows the relationship between equilibrium
output and inflation
George Pasas- z3463255- Friday (10->11)
Macroeconomics Tutorial 1
Question 5:
(i)
Real GDP for the 2012 calendar year was $1,474,680,000. This is calculated
by adding together the figures for the Marc
Chapter 7 Money, prices and the Reserve Bank
Money is an asset used to make a purchase. It provides a medium for exchange of goods and services
to happen without having to barter, to allow for measure
Chapter 1
Gross domestic product (GDP) the monetary value of all final G&S produced in a country
over a period of time
G&S w/o market prices two strategies:
1. Impute/estimate a market value for the G
Chapter 5
Spending and output in the short run
5.1 Introduction to the Keynesian Model
Key Assumption firms do not respond to every change in the demand
for their products by changing their price. In
Chapter 6
Fiscal Policy
6.1 Government Purchases and Planned Spending
Government expenditure is exogenous, so changes in G will cause a
parallel shift of the PAE line
Changes in G can be used to clo
Chapter 15
Exchange Rates and the Open Economy
15.1 Nominal Exchange Rates
The nominal exchange rate (e) is the price of one currency in terms of
another
Direct quote: domestic currency price of for
Chapter 16
The Balance of Payments: Net Exports and International Capital Flows
16.1 The Balance of Payments
A record of one countrys economic transactions with the rest of the
world.
Money flowing
Chapter 7
Money, prices and the Reserve Bank
7.3 Money and its uses
Money is defined by its uses or its function
It is a commodity/token accepted as a means of payment because it
fulfils 3 main func
Chapter 11
The Economy in the Long Run: An Introduction to Economic Growth
11.2 Economic Growth and Potential Output
Economic growth refers to the long-run evolution of the economys
potential real GD
Sample final exam
Question 1 (5 marks)
(a) Define national saving. What determines the level of national saving?
(1 mark)
(b) Briefly explain the main factors that determine the demand for money. Use
ECON 1102 TUTORIAL 9
Open Economy Exchange Rates, Net Exports and International Capital Flows
Textbook Reference: Chapter 14 & 15
Question 7*
(All students must submit a written answer to this questio
ECON1102 Hand-in question 4
Anh Pham Quang
1.
r
S
S1
r
r1
I
S
s1
Investments / Savings
As seen in the graph above, an exogenous increase in household saving would shift
the Saving curve to the right,
Chapter 1
Measuring macroeconomic performance: output and prices
Learning objective 1.1: What does gross domestic product (GDP) mean?
Gross domestic product the market value of the final goods and
se
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