Final Exam - Week 8

Started: July 9 at 22:07

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Question 16pts.
The following data refers to the price indices for the country's economy.
Years..........................Price Indices 2001..............................170
100
2004..............................124.9 2005..............................136.2 According to the
Previous information, the inflation rate between the years 2002 and 2003 is:

36.2%

24.65%

7%

12.5%

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Question 26 points.
The following graph relates to equilibrium in the money market.

The previous graph presents the LM function that reflects equilibrium in a situation.
from the money market, where M = money supply; P = general price level;
M/P, monetary offer in real terms; L=demand for money; Y=income;
i = interest rate. Indicate from the following options the functions of supply and
monetary demand that describes the LM drawn previously.

72

M/P=720 and L= 0.2Y-2i

720
M/P = 360 and L = 0.4Y - 2i

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Question 36pts.
With the following information: GDP or equilibrium income, = 10,000; Consumption
autónomo= 800; PMgC=0,85; Impuestos de cuantia fija, Tx= 200; Impuesto sobre
the rent, t = 15%; the value of disposable income is:

Yd= 8.300

Yd = 7.500

Yd= 8.000

7.300

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Question 46 points.
In a two-sector model, the following functions are given: C
C = 100 + 0.8Y
of money)=0.2Y-4i, based on this information, the equation for the market
monetary, LM, is:

Y=750+10i

Y=750+20i

Y=1000+20i

Y=1000+5i

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Question 56pts.
The following diagram is relevant to the labor structure of a country.
According to the previous diagram, the unemployed are part of the:

PT

PET

PEI

PEA

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Question 66 points.
In relation to situations of high unemployment or economic crises, of the
Select the INCORRECT statement from the following.

The transmission effect is null

The situation of a liquidity trap is likely.

Monetary policy is ineffective

A monetary expansion is advisable

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Question 76 points.
The following information corresponds to the country's economy, R:
Consumption
rent,t=0,1; Money demand, L=Y-2.000i. With the above data, the value of
Public spending, corresponding to the equilibrium income, Y=1,000 and interest rate
of equilibrium, i=0.05, is:

G=50

G=80

G=60

G=70

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Question 86 points.
With the following information for a closed economy: Savings, S = 0.25Yd - 300;
Investment, I = 500; Public spending, G = 920; Income tax, t = 8%, the value of
the multiplier of public spending will be:

3.85

3.23

3.5

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Question 96pts.
Assume that in an economic system, the money market behaves as
continues: the demand for money for speculation ML = 20 - 25i, the demand for
money for transaction and precaution is, MT = 0.25Y, the money supply M = 30.
The equilibrium in the goods and services market is represented by the function
IS whose equation is given by Y = 45–100i. For this Pareconomic system, the
interest rate that allows the simultaneous equilibrium between the money market and
the goods market is at 2.5%. If the Central Bank decides to raise the rate of
interest at 4%

The income in the money market is the same as the income in the market of
goods
The income in the money market is higher than the income in the market for
goods

The income in the money market is lower than the income in the market of
goods

There is still simultaneous equilibrium between the money market and the goods market.

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Question 106 points.
The Bank of the Republic, also referred to as the Central Bank, in Colombia is the
Bank of:

the families

from the government

of the Banks

of the companies

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Question 116 points.
The following data refers to GDP data for the years 2016 and 2017
for a certain economy, in millions of dollars:

Production 2006=100 Prices

Goods 2016 2017 2016 2017

Of consumption 20 25 15 10

Of capital 45 50 25 40

With the previous information, inflation, measured by the deflator, between the years
2016 and 2017 is:
35.7%

45%

35%

38.46%

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Question 126 points.
The following table shows information about macroeconomic behavior.
for the economy of country XY:
ACCOUNTS Millions US$
Food expenses of the population of country XY 1.250
Machinery imports from Germany 800
Utilities of government companies that provide public services 325
Country XY contracts transportation and insurance services with the company
500
foreigner
Health expenditures of the population of country XY 600
Housing, transportation, and unemployment subsidies granted by the
250
government
Education spending of the population of country XY 400
Foreign tourism in country XY 950
Income and wealth taxes of the population of country XY 600
Public investment of the government of country XY 1.750
Sale of supplies from the secondary sector to the primary sector of country XY 250
The European Union allocates aid to the government of country XY due to strong
500
winter

According to the information in the previous table, the amount of consumption for the
families of country XY are:

2.270

2.250

2.225

2.240
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Question 136 points.
Starting from the following information: Consumption, C = 300 + 0.75Yd; Investment, I =
500; Public spending, G= 920; Income tax, t= 0.08; when the State decides
reduce public spending by 20 monetary units the GDP or income of
balance

Increases by 64.516

Decreases by 64.516

Does not vary

It is compensated with taxes

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Question 146pts.
Which of the following transactions is NOT included in the calculation of GDP
Colombian?

Manufacturing of new social interest housing for 700 million dollars

Use of fertilizers for Colombian agricultural crops

Jumbo, a Chilean company, is building a new warehouse in Cali

The company Renault in Colombia produces new cars for 200 billion.
dollars.

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Question 156 points.
The following information corresponds to the economy of the country, W:
C=150+0.7Yd
Fixed amount taxes, Tx=40; Public expenditure, G=200; Money demand,
L=0.5Y-6i; Money supply, M=220. With the previous data, at the level of
the equilibrium of this economy, the value corresponding to private saving is:

112.32

Sprivado=180,5
Sprivado=150

Sprivado=120

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Question 166 points.
In a closed economy and in equilibrium where the Central Bank knows that it
is going through a 'Liquidity Trap' situation, the most advisable thing
to stimulate GDP growth is:

Make primary issuance of money

Go to the open market to buy Treasury Bills and Bonds

Increase government transfers and purchases

Lower the intervention interest rate

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Question 176 points.
C=47.5+0.85Yd
Government spending
0.1Y; Money supply M=100; Money demand, L=0.2Y-10i. With the data
previously the balance of the checking account at the level of equilibrium income of the
economics is:

-25

30

-30

+25

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Question 186 points.
By using expansive monetary policy for situations of unemployment or high unemployment
from the following options select the INCORRECT one:
primary expansion is advisable since the Central Bank has backing
governmental

the secondary expansion is not convenient as commercial banks face

illiquidity

the secondary expansion is not convenient because in such a situation the multiplier
monetary is weak

the secondary expansion is advisable due to the situation of trust in the

financial intermediaries

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Question 196pts.
The following diagram presents the behavior of various sectors of the
economics and its corresponding functions:

The diagram presented above relates to the behavior of a

economy

Traditionalist and open with public sector intervention

Mixed and closed that combines private property and state property

Governed by the State and open based on state ownership of the factors
of production

Of market and open based on families' ownership of the factors of

production

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Question 206 points.
Assume that in an economic system, the money market behaves as
follows: the demand for money for speculation ML = 20 - 25i, the demand for
money for transaction and precaution MT = 0.25Y, the money supply M = 30. The
equilibrium in the goods and services market is represented by the IS Function
whose equation is given by Y = 45–100i. For this economic system the
the equation of the LM function is:

Y=10+25i

Y=10-25i

Y=40+100i

Y=40-100i