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I've some ques. Please answer with logic/reason/solution.
1. The number of students at a university increases from 2500 to 5000 in 10years. Based on geometric mean, the University grew at an average percentage rate of.
A. 2500 students per year
B. 1.071 % per yr
C. 7.1% per yr
D. 10% per yr
2. For what kind of preferences will a consumer be equally well off facing either quantity tax or an income tax?
A. U=x+y
B. U=min(x,y)
C. U=x^1/2y^1/2
D. None of above
3. In an economy, the value of high powered money is 200 units and the money multiplier Is 5. If the demand for money Is M=1200-50i then what would be the equilibrium rate of interest?
A. 2.5
B. 4
C. 4.5
D. 6
4. Given percentage change in nominal GNP=1.8, percentage change in population = 0.5, percentage change in price level = 1.3, what is the approximate change in real per capita GNP?
A. ZERO
B. 0.5
C. 1.0
D. 1.3
5. A monopolist faces a demand curve Q=20/p, the MR curve is given by
A. MR(p) = - 10/p^2
B. MR(Q) = - 10/Q^2
C. Q=0
D. p=0
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