ECO403 Final Term Past Paper 2010 Session 2

Rana Abubakar Khan

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JOIN FB GROUP FOR VU HELP · FINALTERM EXAMINATION · Spring 2010 · ECO403- Macroeconomics (Session - 2) · Ref No: 1378123 Time: 90 min Marks: 66 Student Info · StudentID: · Center: · OPKST · ExamDate: · 16 Aug 2010

Q No.

Total

Marks

Q No.

Marks

Q1. The determinants of demand curve include: (1 marks)

1. Income, tastes, and the price of the good.
2. Income and tastes.
3. Tastes and the price of other goods.
4. Income, tastes, preferences and the price of other goods.

Q2. plays the most important role in increasing the rate of growth in real GDP per capita over time? (1 marks)

1. Increases in labor productivity
2. Increases in the money supply
3. Decreases in the level of inflation
4. Increases in the real rate of interest

Q3. The GDP deflator was 100 in the year 2000 and was 105 in year 2002. From this information, we can conclude that: (1 marks)

1. The price level increased by 5 percent from 2000 to 2002.
2. The price level increased by 205 percent from 2000 to 2002.
3. The price level increased by 105 percent from 2000 to 2002.
4. We cannot judge price increases from changes in the GDP deflator.

Q4. would NOT be counted as a government purchase of a good or a service? (1 marks)

1. The purchase of a new stealth bomber.
2. Your grandmother's receipt of her monthly Social Security benefit.
3. The construction of a new dam by the U.S. Army Corps of Engineers.
4. The hiring of a new police officer by New York City.

Q5. is NOT a cause of an increase in productivity? (1 marks)

1. Increases in labor supply.
2. Increases in human capital.
3. Increases in quality of capital.
4. Improvements in technology.