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Macroecon- Midterm 2014
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Page 1 of 2
Al- Azhar University- Gaza Midterm Exam Course: Macroeconomics
Economics Department Spring 2014 Time: 1 hour
_____________________________اسم الطالب/ة الرقم الجامعي:_____________
Answer the following 4 questions carefully. ANY ADDITIONAL PAPERS WILL NOT BE GRADED
Q1- Define: (10 marks)
a. Macroeconomics________________________________________________________________
b. A leakage______________________________________________________________________
c. Economic growth________________________________________________________________
d. Basic prices_____________________________________________________________________
e. Imports________________________________________________________________________
Q2- What is the circular flow? Draw showing arrows. (10 marks)
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Q3- What is GNP Deflator? If GNP Deflator for a certain year was 1.2, what does this indicate? (5 marks)
Q4- Derive Aggregate Demand curve out of its components: Consumption and Investment. (15 marks)
“End of Questions”