Economics

THE UNIVERSITY OF THE WEST INDIES

OPEN CAMPUS

SEMESTER II 

SEMESTER I □

Examinations of December

SUPPLEMENTAL/SUMMER SCHOOL □

□ / April/May  / July □ 2011

Course Code and Name Title: ECON1002 INTRODUCTION TO MACROECONOMICS

Date:

Time:

Duration ___2_______Hrs.

Paper No:

Materials required:

Answer booklet:

Calculator:



Programmable □

Normal

Special

□

Not Required □

Non Programmable



(where applicable)

Multiple Choice Answer Sheets:

Numerical

□

Alphabetical

□

Included

□

Auxiliary/Other material(s) – Please specify:

……………………………………………………………………………………………………………

…………………………………………………………………………………………………………....

Candidates are permitted to bring the following items to their desks:

…………………………………………………………………………………………………………....

INSTRUCTIONS TO CANDIDATES:

 This paper has 3 pages and 7 questions.

 Students are required to answer Question 1 and any other three (3) questions.

©The University of the West Indies

Course Code: ECON1002

9/4/2011

________________________________________________________________________________________

DO NOT WRITE OR TYPE ON THE BACK OF THIS SHEET: USE ONE SIDE ONLY

INSTRUCTIONS: Each page must be signed by the FIRST AND SECOND EXAMINERS. Completed forms

should be handed to the Assistant Registrar (Examinations).

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First Examiner

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Second Examiner

Date: 9/4/2011

Date: 9/4/2011

Page 2

1.

You are given the following information about an economy:

$millions

1,700.5

361.4

53.9

46.0

93.9

312.4

14.1

8.6

12.4

6.6

425.3

387.4

215.3

43.7

GDP at Market Prices

Imports

Gross Domestic Capital Formation

Income accruing to the Public Sector

Retained Business Earnings

Exports

Subsidies

Factor Payments from Abroad

Capital Consumption Allowance

Income Payments to Foreigners

Direct Taxes

Public Sector Consumption Expenditure

Indirect Taxes...