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Exam (elaborations)

UW ECON 102: Introduction to Macroeconomics: ECON 102 - Quizzes | Complete.

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UW ECON 102: Introduction to Macroeconomics: ECON 102 - Quizzes | Complete.

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8/9/2021 UW Möbius - Gradebook


- Attempt Details
Quiz 1
Score: Duration: 1 hrs 29 min
Started: 5/26/21 8:37:10 PM EDT
12.6/14.0 Finished: 5/26/21 10:06:39 PM EDT

Page: 1 of 1 Rows: 1 - 2 of 2 - 0



Questions

View Original Response Unfiltered Response

Question 1
Quiz 1
7/7.0 Input instructions: values should be inputted using a Standard English Keyboard. Enter only the
value, without the % sign, spaces, commas, or any other symbols. For example, one-hundred
thousand should be entered as 100000.



Part A: Questions to Answer with your Calculator
The following table shows the monthly total expenditure in 2010 for an economy expressed in
thousands of Canadian dollars (CAD).

Month Value

Jan 943.3

Feb 897.5

Mar 853.8

Apr 812.3

May 772.8

Jun 735.2

Jul 699.5

Aug 665.5

Sep 633.2

Oct 602.4

Nov 573.2

Dec 545.4

a. What is the total expenditure for January 2010 in millions of CAD (answer with all decimals)?

Your response Correct response
0.9433000 .9433

Auto graded Grade: 1/1.0



b. What is the total expenditure for January 2010 in thousands of US dollars (USD) if the
exchange rate is 0.92 USD/CAD. Round your answer to the nearest first decimal.

Your response Correct response
867.8 867.8

Auto graded Grade: 1/1.0


https://uwmo.mobius.cloud/gradebook/Details.do?userId=35827&trId=4177739 1/26

,8/9/2021 UW Möbius - Gradebook


c. What is the monthly growth rate between March 2010 and April 2010 in percentage? Round
your answer to the nearest second decimal.

Your response Correct response
-4.86 -4.86

Auto graded Grade: 1/1.0



d. What is the monthly growth rate between October 2010 and November 2010 in percentage,
using the log approximation? Round your answer to the nearest second decimal.

Your response Correct response
-4.97 -4.97

Auto graded Grade: 1/1.0



e. What is the annualized growth rate in percentage between January and February 2010 using
the exact formula? Round your answer to the nearest second decimal.

Your response Correct response
-44.97 -44.97

Auto graded Grade: 1/1.0



f. What is the annualized growth rate in percentage between November and December 2010
using the approximation formula? Round your answer to the nearest second decimal.

Your response Correct response
-58.20 -58.2

Auto graded Grade: 1/1.0



g. What is the value of the index base 100 = April 2010 in November 2010? Round your answer
to the nearest second decimal.

Your response Correct response
70.57 70.57

Auto graded Grade: 1/1.0




Total grade: 1.0×1/7 + 1.0×1/7 + 1.0×1/7 + 1.0×1/7 + 1.0×1/7 + 1.0×1/7 + 1.0×1/7 = 14% + 14% + 14% + 14% +
14% + 14% + 14%


View Original Response Unfiltered Response

Question 2
Quiz 1
5.6/7.0
Part B: Questions to Answer with our Data Software
To answer the following questions, download the CSV file and import it into your data software. The
file is a monthly times series from January 1950 to December 2019. Organize your dataset as a time
series and assume if needed that the series is a flow variable.

a. What is the average of the series over the
whole period? Round your answer to the
nearest first decimal.



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,8/9/2021 UW Möbius - Gradebook
Your response Correct response
232.9 232.9±0.1

Auto graded Grade: 1/1.0



b. Create a monthly growth rate series. Then, compute the average monthly growth rate over the
whole period in percentage. Round your answer to the nearest second decimal.

Your response Correct response
0.35 0.35±0.01

Auto graded Grade: 1/1.0



c. Create an annualized monthly growth rate series using the exact formula. Then, compute the
average monthly annualized growth rate over the whole period in percentage. Round your
answer to the nearest second decimal.

Your response Correct response
41.97 41.97±0.01

Auto graded Grade: 1/1.0



d. Construct an index base 100 = July 1967. Then compute the average of all indices from April
1974 to July 1977. Round your answer to the nearest second decimal.

Your response Correct response
100.12 100.12±0.01

Auto graded Grade: 1/1.0



e. Using the log approximation, compute the average anualized growth rate in percentage from
May 1975 to April 1979. Round your answer to the nearest second decimal.

Your response Correct response
35.96 37.69±0.01

Auto graded Grade: 0/1.0


Hint: first, create the monthly growth rate using the log approximation, then annualize the rate using
the exact formula)


Year Month Value

1950 1 135.9

1950 2 140.8

1950 3 166.6

1950 4 153.6

1950 5 135.9

1950 6 144.0

1950 7 156.4

1950 8 145.8

1950 9 165.6

1950 10 146.3

1950 11 148.7

1950 12 154.8
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, 8/9/2021 UW Möbius - Gradebook

1951 1 151.8

1951 2 147.7

1951 3 150.9

1951 4 164.7

1951 5 144.1

1951 6 145.1

1951 7 156.5

1951 8 152.1

1951 9 140.0

1951 10 143.2

1951 11 151.3

1951 12 156.1

1952 1 156.1

1952 2 155.4

1952 3 162.2

1952 4 142.9

1952 5 158.9

1952 6 148.0

1952 7 142.8

1952 8 153.2

1952 9 157.0

1952 10 163.6

1952 11 145.1

1952 12 152.0

1953 1 155.4

1953 2 158.5

1953 3 159.1

1953 4 145.2

1953 5 149.0

1953 6 158.8

1953 7 142.5

1953 8 154.7

1953 9 162.8

1953 10 168.8

1953 11 157.1

1953 12 158.6

1954 1 160.0


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