International Monetary Econ., Quiz 1, January 15, 2024
Your Name:
1.
Dampei Shibako
All questions are worth 0.1 points.
In the first lecture, I explained the syllabus. Based on the syllabus, answer questions below.
1.a. Among assignments below, choose all that are required.
Tests,
Mid-term exams,
Quizzes,
Final exam,
Reading assignments
1.b. Suppose that you’ve just finished the 2nd exam. You received 3 points from quizzes you took, 5 points
from 8 tests (you missed two of them without makeup), and 20 points from 2 exams. Answer your % score.
Full score: 2*8=16, 2*15=30 16+30=46
Total score: 5+20+3=28
28/46*100%=60.869...%
1.c. To which assignment in 1.a. will I NOT give you a make-up even if you have a legitimate reason like
you were sick?
Quizzes
2.
Consider country A. If A’s total production is 800, export is 50 and import is 150, how much is A’s
total expenditure?
Total Expenditure = 800 + 50-150=700
Total Expenditure=700
3.
True or False.
“For most countries including the U.S., the difference between GDP and GNP is huge, like 30% or
more.”
True
Based on Reading assignment 1.
4.
Let S be the national saving, I be the investment, and CA be the current account. Consider the closed
economy. Write the equilibrium between S and I. Consider the open economy. Write the equilibrium
among S, I and CA.
Closed economy: S=I
Open economy: S=I+CA