Econ 303: Intermediate Macroeconomic Theory
Fall 2012
Professor Federico Guerrero
[email protected]
784-6864
Office 318C-Ansari Building/0030
Problem Set 1: Measures of National Income
Cody Lewallen
ID#1004209023
9th September 2012
Problem 1 (30 points)
An
Description of the First Order Exponential Model
The first order exponential model is useful because it describes the path of a variable that is growing at a
constant rate. Equation (1) presents a first order exponential model
(1)
rt
Y t =Y 0 e
where
,
Y
Final
ECON 303
Intermediate Macroeconomics
Spring 2015
Professor Mark Pingle
(100 points)
A. The following regression was run using data for the years 1929-2013. The dependent variable was
nominal consumption expenditure C . The two explanatory variables
The Path of the U.S. Economy
Figure 1 presents Real Gross Domestic Product from 1948 to 2014. Real GDP is an inflation-adjusted
measure that mirrors the amount of all goods and services produced in a given year, declared in baseyear prices. Real GDP in 20
First Homework Assignment ECON 303
Problem Set #1: Conceptual Problems
1. If these unemployed workers who got hired as employees, and were paid a wage as
employees, total GDP would increase as unemployment payments are not counted in
GDP. Which is what th
Chapter 5 Conceptual Problems
1. The aggregate supply and demand curve is a macroeconomic tool that studies the
output fluctuations and determines the price level and inflation rate. This is used to
describe why the economy deviates from a path of smooth
Review for Final
ECON 303
Intermediate Macroeconomics
Stats-book Figures 4, 5, 21, 23, 26, 28, 31, 33, 35
You will not have access to your stats-book during the test. You will just have to know the data.
There will not be extremely detailed questions like