1. If a Hong Kong construction company hire local Chinese worker to built a
road in mainland China, this activity would be
A) fully included in Mainland GNP
B) fully included in Mainland GDP.
C) excluded from Hong Kong GNP.
D) included in
ECON 112 (Spring 2011)
Suggested Answer Keys for Practice Exam
Multiple Choice Questions
Essay and Numerical Questions
(a) Nominal GDP in 200
Introduction of My Ph.D. Dissertation
The University of Chicago
April 25, 2009
Goal and Scope
Broadly speaking, my dissertation studies how the macroeconomic performance of a developing economy, which may or may not be democratic, is
Consider the following behavioral equations:
C = a + c*Yd
T = t + k*Y
G and I are constants. Assume that k,c are between zero and one.
a) Solve for equilibrium output.
b) What is the multiplier? Does the economy respond more to changes in auton