forty (40) marks. Suggested time for this section is sixty (60) minutes. Please record your answers on the examination answer sheet provided. Question 1 The definition of the term ’long run’ is based directly on: a) time. b) macroeconomic adjustment. c) the natural level of output. d) the balance of trade. Question 2 The underground economy is : a) a term applied to the mining industry. b) that part of the economy that is not measured in official GDP data
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AP Macroeconomics Study Guide – Version 1.00 Created by Charles Feng I. Basic Economic Concepts Economic Goals 1. Economic growth – produce more and better goods and services 2. Full employment – suitable jobs for all citizens who are willing and able to work 3. Economic efficiency – achieve the maximum production using available resources 4. Price-level stability – avoid large fluctuations in the price level (inflation + deflation) 5. Economic freedom – businesses‚ workers‚ consumers have a high
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L. Zangori: I am talking to Tucker about his drawing. Tell me what all you drew here and what is going on. Tucker: There isn’t really a reason for this and this‚ but this is the Eco schoolhouse and the compost barrel out there and the compost pile. It helps give all of the plants an soil water and nutrients to help food grow and to be healthier plants. The water barrel is right over there on the other side. It uses the rain from the gutters instead of using tap water that costs money and all
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Market Structures in AT&T Tamela Black ECO/365 September 2‚ 2013 Joe Krupka Market Structures in AT&T Microeconomics is a branch of economics that studies the behavior of individual households and firms in making decisions on the allocation of limited resources. Typically‚ it applies to Markets where goods or services are bought and sold. Microeconomics examines how these decisions and behaviors affect the supply and demand for goods and services‚ which determine prices
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AP Macroeconomics Summer Reading Chapter 1: The two basic assumptions that economists make about individuals and firms are that individuals act to make themselves as well off as possible by maximizing their own utility (which makes them better off in the long run)‚ and firms attempt to maximize profit by taking inputs and combining them in a way that adds value. Prices help measure how badly costumers want a product and how much labor
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parents want their child to be in a safe and comfortable environment. So‚ this is why Eco- School Project stand for. The aim of eco- school project is to raise awareness among the students on the environmental issue and world perspectively. Locally right now there are only 2 schools are involved in the eco- school project . Our school was one of it. Currently‚ our school have conducted some activities for the eco-school project. The energy group had the pre-earth hour launch of green Friday. Up
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Principles of Macroeconomics Homework 1 Please write down your answers as clearly as possible. 1. Below are some data from the land of milk and honey. Year 2008 2009 2010 Price of Milk $1 $1 $2 Quantity of Milk 100 quarts 200 200 Price of Honey $2 $2 $4 Quantity of Honey 50 quarts 100 100 a. Compute the nominal GDP‚ real GDP‚ and the GDP deflator for each year‚ using 2008 as the base year. Calculating nominal GDP: 2008: ($1 per qt. of milk 100 qts. milk) + ($2 per qt. of honey 50 qts.
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Technology Project (eco-friendly home) How can we convince people to become more eco-friendly with their homes? Eco-friendly home‚ is kind of «green home». It is a type of house designed to be environmentally friendly and sustainable‚ while also focusing on the efficient use of "energy‚ water‚ and building materials. So in this project I will have to try to show people‚ that eco-friendly home is much better than normal home and than I will have to explain‚ why it is like that. How can
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Task 3: In order to modify the circuit that we created in TASK2 by adding the capacitors C1‚ C2 and C3 and fixing the value of R2 to be 10K‚ as shown in figure. We were asked to calculate the voltage gain of the amplifier for the two different values of Rc. Figure 2 Source: Figure 2 Source: In this task we used the function generator to produce a sine wave of 30mV and 50mV Vp-p at the frequency of 50 KHz. We connected CH1 to fed this generated signal in the oscilloscope at Vin. In
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------------------------------------------------- Rock (geology) In geology‚ a rock is a naturally occurring solid aggregate of one or more minerals or mineraloids. For example‚ the common rock‚ granite‚ is a combination of the quartz‚ feldspar and biotite minerals. The Earth’s outer solid layer‚ the lithosphere‚ is made of rock. Rocks have been used by mankind throughout history. From the Stone Age rocks have been used for tools. The minerals and metals we find in rocks have been essential to
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