04 Jun Question IS and Econ 13 – Final Examination
Question
IS and Econ 13 – Final Examination
S. Skaperdas – March 16, 2015
Version (Form) A
Please fill in your scantron, INCLUDING
YOUR VERSION (Form) (A). Be sure to
mark (blacken) the appropriate boxes.
There are 74 questions in this exam. Questions
1-28 are worth 1 point each, whereas questions 29-74 are worth 2 points each (making a total of 120 maximum possible points).
1. Government revenue as a fraction of GDP and GDP per capita
a. are not related at all.
b. are negatively correlated.
c. are positively correlated.
d. have been proven to be causally linked.
e. b and d.
2. Over the past 40 years, productivity
a. has been growing more slowly than wages.
b. has been growing faster than median wages.
c. has been growing just about the same as wages.
d. has been falling while wages have remained stagnant.
e. has been falling while wages have increased.
3. If a country has a population of 1,000, an area of 1,000 square miles and a GDP of $6,000,000, then its GDP per capita is
a. $600.
b. $1,000.
c. $6,000.
d. $10,000.
e. $60,000.
4. Changes in the following variable shift the demand curve for a good.
a. The tastes of the consumers.
b. The preferences of the consumers.
c. The prices of some other goods.
d. The income of consumers.
e. All of the above.
5. Modern economic growth is correlated with
a. the rise of the corporation as a dominant
form of firm organization.
b. an increase in the government’s share of GDP.
c. an expansion of social safety nets.
d. a and c.
e. All of the above.
6. According to Krugman and Wells, productivity is driven by all of the following EXCEPT:
a. physical capital
b. human capital
c. natural resources
d. technological progress
e. innovation.
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