中级宏观经济学期中考试试题

3) Nowadays, the growth rate of money in China is about 30%. Some people expect that china will experience a double-digit inflation in the near future. Please comment.

4、(20points) suppose that the Chinese aggregate production function isY AK0.43(HL)0.57, where HLis education enhanced labor. Please fill in the blank table, and then answer the following questions

China annual growth of GDP, fixed capital, labor, and TFP: 1990-2005

Source: Perkins and Rawski(2008)

1) What can we learn from the above table?

2) Based on the relevant theory you know, please comment on the Chinese growth pattern.

5、(25 points) consider an open economy

1) Graphically derive IS curve in the four-sector economy where net export is given.

2) Suppose financial crisis took place in US, and the four-sector