QUESTION 7 Which one of the following is NOT a shoncoming of measuring the economy using gross domestic product (GDP)? a) Only goods and services with a market price are Included in the calculations. b) The gross domestic product (GDP) cannot account for the effect that inflation has on the economy. c) Activities in the informal sector are often not taken into account. d) An increase in expenditure from the perspective of the gross domestic product (GDP) often does not consider the economic welfare of such increases.

QUESTION 13 Which of the following is least likely to be associated with market failure, and is consequently least likely to require any form of state regulation or intervention? a) Hake fishing off the west coast of South Africa. b) The provision of education services in govemment schools. c) The provision of education services in private schools. d) The market for fast foods.

15. This is a type of cooperative that provides credit facilities to each member. A. Consumer's cooperative C. Farmer's cooperative B. Credit cooperative D. Housing cooperative

and savings account. If he put \( \$ 180 \) into his savings account, what percentage of the total deposit did he put in his checking account?

Oppgave 2 Når Oslo Børs stenger for dagen er en type aksje verdt 42 kr . I løpet av dagen har aksjen økt i verdi med \( 20 \% \). Hvor mye var aksjen verdt da Oslo Børs åpnet denne dagen?

With reference to Question 8 above, the measure of money that will not be immediately affected by the above action by China's central bank is: a) M1 b) M2 c) M3 d) Quasi money