Econ 110A Fall 2019 MIDTERM 2
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Econ 110A
Fall 2019
MIDTERM 2
Part A: Multiple Choice Questions (30 points)
1 What was Robert Malthus’s employment when he published his Essay on the Principle of Population in 1798?
A Professor ofPolitical Economy
B Priest in the Church ofEngland
C Writer in the East India Company
D Editor of The Times ofLondon
E Master of a poor house
2. Malthus reported that living conditions in China were much lower than those of England because of unrestricted fertility in China. In what year did Malthus visit China?
A 1789
B 1798
C 1836
D 1842
E never
3. The Chinese and Japanese seem to have been poorer than people in northwest Europe in 1800. Which of the following suggests that this difference in living standards had persisted for thousands of years.
A. The low level of real wages Japanese men in 1800 compared to Europe
B. The low rates of technological advance in Asia before 1800
C. The low average heights ofJapanese men in 1870 compared to Europe
D. The very high population densities in Japan and China
E. The low levels of lactose and alcohol tolerance in people in Japan and China
4. Tahiti was not discovered by Europeans until 1767. The discovery caused sensation in Europe because
A. Tahitians had not discovered iron
B. Tahitians had no written language
C. Tahiti was ruled by Amazon women warriors
D. Tahitians had better material living conditions than the English
E. Tahitians practiced human sacrifice
5. Which of the following surnames provide evidence of substantial upwards mobility in England 1300- 1500 through the records of Oxford and Cambridge universities.
A. Montgomery, Baskerville, Beaumont
B. Green, Brown, Black, White
C. Williamson, Thomson, Robertson
D. Berkeley, Stanford, Rockingham
E. Smith, Carpenter, Cook, Baker
6. Real day wages in England in 1450 were substantially higher than those of 1800. Yet some historians have argued that England had levels of income in 1800 that were double those of 1450, because of greatly increased work days. Which of the following factors gives evidence in support of high real incomes in 1450
A. High land rents
B. Low interest rates
C. The sizes of surviving medieval houses
D. The ratio of butchers to bakers in 1450
E. Both C and D
In questions 7- 10 please answer each of these using the following answer scheme:
A 0
B 10
C 25
D 50
E 75
The answer will be the number on this list that is closest to the correct number.
7. What percentage of a population where 60% of people report their ages ended in a 5 or a
8. Real interest rates per year in ancient Babylon were (roughly)? 25%
9. The average effective tax rate on wage income in medieval England was approximately (%)? 0%
10. The average effective tax rate on wage income in modern Germany is approximately (%)?
50%
In questions 11- 15 please answer each of these questions using the following answer scheme:
A
B
C
D
E
0
1
2
5
10
The answer will be the number on this list that is closest to the correct number.
11. What was the ratio of carpenters’ to laborers’ wages in 1300 in England? 2
12. What was the ratio of carpenters’ to laborers’ wages in 2000 in England? 1
13. What was the risk free interest rate in England around 1800 (%)? 5
14. Suppose output in an economy is growing at 5% per year. The capital stock is growing by 2%, the labor supply by 6%, and land by 0%. The share of capital in national income is 0.25, of labor 0.75, and of land 0.0. What is the rate of productivity growth (%)? 0
15. What is the rate of productivity growth in an economy where output prices are rising at 2%, nominal capital rents are rising by 6%, wages are rising by 2%, and land rents are rising by 2%. The share of capital in national income is 0.25, of labor 0.75, and of land 0.0. 1
2022-03-18