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BGSU ECON 2030 | macroecon semster notes, homework, quizzes, and some extra notes from tutoring
 macroecon semster notes, homework, quizzes, and some extra notes from tutoring
 by: Paige Gibbs
 macroecon semster notes, homework, quizzes, and some extra notes from tutoring ECON 2030
 > macroecon semster notes homework quizzes and some extra notes from tutoring
 if you find econ as difficult as i do I'm sure you'll love the bundle i have to offer
 This 122 page Bundle was uploaded by Paige Gibbs on Friday August 28, 2015.
 The Bundle belongs to ECON 2030 at Bowling Green State University taught by ANDREA SCHNEIDER in Spring 2015.
 Reviews for macroecon semster notes, homework, quizzes, and some extra notes from tutoring
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UIIAM5 d391tiwW bet OMA 5H000 y r 1amp2 000 14114Y2amp n 51A006quot IE IF m V MOM hatftP aPwi0Vf S MP7fltkPmAun p p fyi yqjiif L wravioiirort mViiHd 6quot a 3977 LLLMEI 3 MO M1WW4Mlt ftVM t0 AOW maer uvlawma0r39 VXAiViViti mw39 Ila wifrr M39louaM ulv39iptxf A P39oPkaM39 pokmwi hopquot hPPigtgtp niaV3Oii m m 0 If AA0ttVanAA 111 juAjAAat39Sli montw m quDkio bAi39 aiNfuiwx pmir Ada quot quot vpalic kat tt A 0a m imw iwt 11 W 0 iari0ufp itMelvf ftdvf A vayiafft mi uU39l W AD IfJ10pin0 A uVil IM A Jpnn ej 0 PtQA loaAaifKt 39A0H tlktA eoVP rth uitLf I 1 ovrt tUtit I tcgt vouAn VYaAltA A AD itkrmwanw ima AAr 39 ltA ji39v 10m L A otwnol v10UA M W 39 A it A m A V AV maH ciUtyf Y39l mon 0t tcmraai39ui iJ Al MM 11 u 1 A Yihm mrtMl MP W dlti A K10 QW 39JIMIAD NfY A39f 39 yoijvA poiii 39fwia 39MoniAuH pwiaiA00ndary tyi A V AAT A lOthnpta tool Cr 0A iOS439awpwablltAmutvL mjvauuftA 1 VY0YAiiAa vv0XNA39 t tuMnt A u390V0Y0ifYa0v39A 39Jci C 4 vfiXMt AV lwul polii39f39 A m M I g t39 l aiw 01 iNi iW4m0 39II AWi 391 A in A A A M vpindma Yranvito jaiAW W ltgt j A J 39 f Ci mn T iAat lethi i39 CO tquotll z a rn 39Otc fu i i 1 lu V hur 5hr lAhr I I L39 quotr ton i M 1hr A II M 0 LOW 11Q0i101 VHeir W5 ViAO lco A0 0ir a of tt T quot3 W cmp in Mm WMn A lgt Im mniOSYmM 0395 MVAC Vb ifthi Vhvmlel PLfSrnw u j jwlWfQ anW T 0t gtgt k toirfAftniny piWLif Vwri wmquot uoiw Inw a me t A A m 1 AXvma mkwltLgt A1rl A n pVoA lt0l lAquot aV 0Otquot 36 39 AW KaiWm wm mmp039immt Twm quotOhH 90 s A39NV tav p0ViVtquot il gtgtgtpq0111 m m gCCquot UquotA AVt VPiOVATClH Z LAllJ39tWiO39i 0ltltltltgt at A 39 6quot 39 lK 4V rapt 15 AinAPquotmiAnAP J iOW iniUuV mpfti i K t lquotquot T5quot iV 39 15A MK 3C 533 3 i quot9 9 as quot1 4 quot 7quot igmga Van gt HA 3 HI L L TiHi J A000quot 39L25 iOOD V H gtgt QE241 ri i tJU ll VfA 1 rquot x A i T A if 1 1 1W kAi vvii hDP t i c i p pthnHrti a a y a i tiPigt gap I39MT z la39lOUk thortFallz VXT U1quot T I wiNttH 0i A voUl39 I DiMUintndrni 2U A W A P oniplltV mtia A in ACgt n 5 w IT 5 r zoo bnhin PW Hi 0quotM Raidoquot aueampampne ai La y vant v0vD2l0 10quotiivquot iYO39VA4nA OAV quot th voudV0 LV0tui Agiigrnch 3 UfCaV 01 I tVtdw 0f tKiggn VAOTt O M1 gaVVquot X A m dwiwl rftk mit vii w iht dmgrii kr moniquot dwrogvtl39 39 opwfr Vuppltv4 2 QMHI tq rA r H 4quot z req t A0Rquot Vivpputci D auajfrtneclmciquott YgtifWl V AMILII l An I P quot v 1 H u H 6117731 51 i i Mb13 11 2 fivoW AVlvtp monM XAij31quot NSS vliHliilV 1 hlonti IjupfAI z A10 A W iaV E vthquotriYitfquotwquot1apnvv tintvf wt 4Ktltgt ECON Ll bruary 3quotquot 2015 2030 Quiz 2a Which of the following statements regarding the economic system of pure capitalism is falsequot a A likely weakness of pure capitalism is that profitmaximizing firms can make choices that may lead to environmental destruction A A Accordmg t0 the mVlSlble hand theorem 1 government can be relied upon to ensure that firms promote the Ogood of society busi39nessSquotquotquotquot diagram households are the owners of economic resources and sell these resources to d In a capitalist society prices help to ration society s output of goods and services and also signal information to buyers and sellers e A likely strength of pure capitalism is that it encourages the efficient use of a nation s scarce economic resources Labor Hours Required to Produce 1 Gallon of In Colorado In Massachusetts Beer 5 hours Bottled Water 1 hour 9 hours jthe table above Colorado has a comparative advantage in producing Both beer and bottled water Only beer Only bottled water Neither good There is not enough information to say I All of the following will shift the demand curve for chocolate to the right except a An increase in consumers incomes assuming chocolate is a normal good quot An increase in the number of consumers of chocolate quot A decrease in the price of chocolate A decrease in the price of roses a complementary good to chocolate An advertising campaign touting the health benefits of chocolate 4 Which of the following statements regarding trade is false a Suppose that Brazil has a comparative advantage in coffee and Mexico has a comparative advantage in tomatoes If these two nations trade then it is likely that Mexican coffee producers will be worse off b In the absence of trade a country s consumption possibilities are limited to its domestic production possibilities c Dumping is said to occur when foreign producers sell their goods in the US at prices lower than those prevailing in their own countries d A quota is a limit on the quantity of a good that may be imported feTl One reason to support the importing of say tennis shoes from China is that this type of trade allows the US to experience economic growth Which of the following statements regarding the economic system of pure command socialism is false a A likely strength of pure command socialism is its ability to provide for a more even distribution of income Under this system government is responsible for answering for whom to produce A likely weakness of pure command socialism is the potential for the central authority to pursue goals that I I are in its own selfinterest rather than pursuing goals that promote society s wellbeing Under this system land and capital are owned by government but individuals can expect to make their own educational and employment decisions e Economic planning replaces the role of markets in pure command socialism February 12 2015 1 Mozzarella cheese is an input or resource used to make pizza If the price of mozzarella cheese iAreases ceteris garibus then ECON 2030 Quiz 2a V 56 February 339 2015 The supply curve of pizza will shift to the left A The demand for mozzarella cheese will decrease The supply curve of pizza will shift to the right The quantity supplied of mozzarella cheese will decrease The quantity demanded of mozzarella cheese will increase A Suppose a hurricane hits Florida causing widespread damage to houses and businesses The governor of Florida places a price ceiling on all building materials to keep prices reasonable Which the following is most likely to result A A shortage of building materials A A surplus of building materials A Consumers will put upward pressure on price and eventually equilibrium price will be reached A More building materials will be traded in the market after the price ceiling is implemented than before e Answers a and d above Suppose that a exible exchange rate eXists between the US dollar and the Japanese yen An increase in the supply of dollars a rightward shift in the supply curve of dollars will tend to A Improve the US trade deficit Worsen the US trade deficit Cause the dollar to appreciate Answers a and c above Answers b and c above A Consider the market for cigarettes If our government increases subsidies for the production of tobacco and at a the same time bans smoking in public buildings then The equilibrium price of cigarettes will rise the equilibrium quantity will remain unchanged b The equilibrium price of cigarettes will remain unchanged it is unknown what will happen to equilibrium quantity The equilibrium price of cigarettes will fall the equilibrium quantity will remain unchanged A The equilibrium price of cigarettes will fall it is unknown what will happen to equilibrium quantity f e It is unknown what will happen to the equilibrium price of cigarettes but equilibrium quantity will rise LWhen foreign countries buy wheat grown in the United States they are generating a Demand for US dollars and a supply of foreign currency a Demand for US dollars and a demand for foreign currency Supply of US dollars and a demand for foreign currency Supply of US dollars and a supply of a foreign currency ECON V 57 February 3quotquot 2015 2030 Quiz 2a According to public choice economists a Politicians and government bureaucrats tend to act in society s best interest b Government intervention to correct for a market failure always leads to an ef cient use of society s resources Politicians tend to be votemaximizers Qj Government of cials will not intervene in the economy for political gain e Politicians generally nd it in their selfinterest to oppose special interest groups 2 Which of the following statements regarding market failure is false 0 Market failure implies that market interaction between consumers and producers causes shortages and surpluses in the market b Market failure implies that market interaction between consumers and producers leads the economy to the wrong miX of output c If an externality is created by the supplyside of the market then the social supply curve will pick up on this externality d If an externality is created by the supplyside of the market then market demand and social demand will be the same demand curve If a market fails government may intervene in the market to improve allocative ef ciency Public GoodsServices Private GoodsslSewieexs 3 Refer to the PPG above Suppose Combination B represents the optimal miX of public and private goods for this nation The market mechanism is likely to result in a miX of output represented by a Combination A because the market mechanism tends to fail and underproduce public goods b Combination A because the market mechanism tends to fail and overproduce public goods c Combination B because the market mechanism always gives us both productive and allocatively ef cient outcomes d Combination C because the market mechanism tends to fail and underproduce public goods A Combination C because the market mechanism tends to fail and overproduce public goods 4 Which of the following is a nal good or service ZL Lumber sold to a furniture company to be used in the production of tables Gasoline purchased for personal use by a car owner c Goodyear tires purchased by General Motors for their line of GMC trucks Flour sold to a baker which the baker will use to make bagels e All of the above are nal goods and services ECON V 58 February 3quotquot 2015 2030 Quiz 2a When the consumption of a product creates external bene ts then without government intervention a Equilibrium price of the product tends to be artificially high and equilibrium quantity is less than the allocatively efficient socially optimal output level Equilibrium price of the product tends to be artificially high and equilibrium quantity is greater than the allocatively efficient socially optimal output level yEquilibrium price of the product tends to be artificially low and equilibrium quantity is less than the allocatively efficient socially optimal output level d Equilibrium price of the product tends to be artificially low and equilibrium quantity is greater than the allocatively efficient socially optimal output level e Equilibrium quantity is equal to the allocatively efficient socially optimal output level and as such equilibrium price is an accurate re ection of this product s value to society a g M r EllaU 39 112 39HJ U U March 24 2015 1 Which of the following individuals would be considered structurally unemployed aA A forklift operator who quit her job to look for a similar position with better working conditions fb A meatpacker whose job was eliminated when the company purchased AVrvi automated packing equipment YrivM39oncl C 39 A national sales representative who lost his job due to a general downturn in the overall economy d A recent college graduate who is trying to choose between three job offers e A student who quits her summer job to go back to school in August 2 When an individual stays at home to watch her children and provide other homemaking services this activity is JL Included in GDP because it represents production Productive but is excluded from GDP because it is a nonmarket activity c Excluded from GDP because it is an intermediate service d Excluded from GDP because homemaking represents a service not an actual product e Answers c and d above ECON V 6 February 3quotquot 2015 2030 Quiz 2a 3 Net domestic product a Is used to measure the relative standard of living of the citizens of different nations b Corrects GDP for in ation c Is a good measure of the incomes earned by a nation s economic resources in the production of GDP Is the amount of output currently available for useconsumption without reducing a nation s stock of capital e Is a less accurate measurement of a nation s future production possibilities than GDP Which of the following statements about real GDP and nominal GDP is correct a Nominal GDP is the value of output measured in constant prices Nominal GDP is not affected by changes in output Real GDP is the value of output measured in constant prices Real GDP can give a distorted view of economic performance because of price levels changing Answers b and c are both correct Which of the following statements is true quotDiscouraged workers are not counted as unemployed L The Bureau of Labor Statistics would classify an individual who is working at a part time job because she is unable to nd a fulltime job as ffictionally unemployed 6 Historically high school graduates have tended to have lower unemployment as rates than college graduates A i Cyclical unemployment best describes a snow ski instructor s unemployment during summer months The phantom unemployed are people who want a job but have given up looking for one because they don t eXpect to find employment ECON 2030 Quiz 2a 0 7 February 3quotquot 2015 March 3 r39 2015 1 Full employment in the US economy means a Frictional unemployment has been reduced to 0 E The total unemployment rate has been reduced to 0 The economy has reached the lowest level of unemployment compatible with price stability a Cyclical unemployment has been reduced to 0 e Answers a and d above In ation is generally regarded as undesirable because it quot Harms everyone in the economy quot Arbitrarily redistributes income and wealth Is always accompanied by increased unemployment Results in a uniform reduction in everyone s standard of living e Often helps creditors at the eXpense of debtors 3 Suppose a country has 1000 people 600 of whom are in the labor force with 30 unemployed Let s say full employment occurs at 2 in this country Based on this information by what percentage has real GDP failed to reach it potential according to Okun s Law 3 a 4 5 b quot In general as college tuitions continue to rise income is redistributed from students to nonstudents e 1U This is Aaquotexample of W TaX bracket creep The wealth effect quot The income effect llriggime pr1ce t e De ation 0 quotii 5 Which of the following is false The Consumer Price IndeX was 17810 in 2001 and was 1808 in 2002 Therefore the rate of in ation between 2001 and 2002 was approximately 27 b One problem with calculating the CPI is that products improve in quality over time and adjusting the CPI for quality changes is difficult because it entails subjective judgments c Our in ation target is not 0 because achieving this goal would likely increase the unemployment rate d Tax bracket creep is the movement of taxpayers into higher taX brackets as nominal incomes grow e If in ation were 0 then the nominal interest rate would equal the real interest rate 11610 1 l 7 j r J Which of the following suggests that lower average prices make it more dif cult to cover interest paYments and other xed costs of doing business causing rms to cut back production Interest rate effect Cost effect NfCAVi Foreign trade effect Pro t effectir V ttd None of the above Given a consumption function where C 100 8Yd if the level of disposable income is 2000 then the level of savings is quotM00t i amp j 2000 l Kl D 1 A A t1000 1700 7 1 600 lOt 1f00 1110 300 e 100 3 XAlike the Classical economists Keynes asserted that A The private economy was inherently unstable and required government intervention Prices and wages were exible Markets would naturally selfadjust Business cycles do occur Answers a and d above 999539 FENCE LEVEL AD2 Q I 0 REAL OUTPUT Refer to the diagram above An increase in real output real GDP resulting from the real balances effect quotould be depicted as A movement from Point A to Point C A movement from Point A to Point B A movement from Point B to Point C A movement from Point B to Point A A movement from Point C to Point A Which of the following is not a source of costpush in ation a An increase in the minimum wage rate IE An external shock such as a terrorist attack destroys a huge portion of our nation s production capacity An increase in the level of government spending for social welfare programs a Firms being forced by unions to pay wage increases in excess of productivity gains e An increase in the price of raw materials lejtfbth39 0 omeworkm A 1 ECON 2030 Beginning of class on TuesdaAFebruary 2015 AP I Let s assume that Egypt and Israel each have 1000 workers that can be used in the production of either rugs or shoes Further these resources are equally suited to the production of either product the law of increasing marginal opportunity costs does not hold Each Egyptian worker can produce either 10 rugs or 5 shoes in one day Each Israeli worker can produce either 4 rugs or 12 shoes in one day On the graphs below draw in the daily production possibilities curves for Egypt and Israel for the production of rugs and shoes Please label the X and Yintercepts on both graphs Egypt Israel l 393 11 n I EEIJDEWWW viquot quot 3 quotIWW 1 PRIOR TO TRADE Egypt decides to produce and consume 5000 rugs and 2500 shoes Israel decides to produce and consume 2A500 rugs and 4500 shoes Please id ntifythese combinations on both graphs as Point 2 What is the opporturwty cost of producing one rug in terms of shoes in Egypt In Israel 3 For what goods odes Israel have the absolute advantage in production th Oti T 4 For what goodss does Israel have the comparative advantage in production 5 WITH TRADE Egypt and Israel decide to trade in a ratio of I rug for 1 39A shoes Complete the following to determine each country s gain from trade a Egypt keeps 5000 rugs and tradesAOAA rugs to Israel for quotle0 shoes b Israel keeps 4500 shoes and trades shoes to Egypt for rugs c With specialization and trade Egypt now has A 2C0 rugs and 3911 2t shoes Label this combination Point N on Egypt s graph Israel now has A0 29 rugs and 39FiOO Aoes Label this combination Point N on Israel s graph d Egypt s gain from trade is v T i l A Israel s gain from trade is IV 1 S IlAiTO J A K n aSOD HOMEWORK 2 ECON 2030 DUE Beginning of class on Thursdav Februarv 12th Shift Factor 4 The following shifts are occurring in the market for US wooden baseball bats bats 20 million ash trees in Michigan2 Ohio amp Indiana Ash is an important resource used to make products from baseball bats to ooring amp furniture 2 South Korea currentlv buvs wooden baseball bats from the US and the exchange rate changes from 950 won1 US to 1000 won1 US 3 Baltimore Oriole Nelson Cruz a huge fan favorite uses a Rawlings Pro wooden baseball bat in his attempt to hit the most homeruns in the 2014 season during the same season workers at the two largest US wooden baseball bat factories go on strike demanding better wages amp health care 4 The fares for Toledoarea taxis a substitute service for TARTA rise 5 A u outbreak occurs and as a result riding TARTA increases vour risk of getting the u 6 TARTA has gone quotgreenquot and now uses biofuels made from com amp soybeans gthis move has lowered TARTA39s maintenance costs At the same time Congress approves a taX cut resulting in higher disposable incomes fOI consumers The following shifts are occurring in the US dollar market 7 American cars are suddenlv becoming more popular abroad 8 The United States falls into a recession Equilibrium Equilibrium Demand ShT Left Price Increases Decreases or Quantity Increases andor ts l or Cannot be Determined Decreases or Cannot be Supply Right Determined diquotaquotaV shif ts shif ts a e a t c i t shif VOPPH dOTaf39cl 1 shifts CWfc shifts jeLttQVf Demand g m Supply shifts shifts Left g Right 9 US Dollar US Trade Deficit Appreciates or Improves or Depreciates Worsens apimtiaHC dPintciattV j 39I a I quota Econ 2030 Homework 4 Due at the beginning of class on Thursdav April 2339 39 I Please illustrate the following events with AS or AD shifts Please state what happens to macroequilibrium real GDP and macroequilibrium price level 2M1 result of the AS or AD shift a A recession in Asia dramatically reduces the demand for US exports f m Lei we w w a 1 a l e interest rates else In 40year lews which decreases the eest ef berrewing fer businesses snd eensemers IH a39ihtoii 5 d A technological breakthrough significantly redujes the cost of computerizing production lines w r f in yr 3 is l Aha fr 2 Suppose the consumption function for the nation is as follows C 400 billion OSYd a How much will aggregate demand increase if government increases purchases bv 50 billion ii111AirA Ab39 ti iiilUpl39tl inhdl A iri n4 39rblf gq s1 lzf jts lsl b How much will aggregate demand increase if government increases income transfers bv 50 billion Homework 5 V10 Due Beginning of class on Tuesday March 24quot 2015 1 Suppose that bagel production encompasses the following Farmer sells wheat to a miller Miller sells our to a baker Baker sells bagel to Tim Hortons Tim Hortons sells bagel to consumer StaStage 1 Stage 2 Stage 3 Stage 4 a What is the value added at each of the four stages 1A0 A 3 26 How mucl m does the huge multribute to 3 will 010 A 030A A 065 090 ECON 2030 c By how much would your answer to b change if the wheat in Stage 1 were imported from China I m looking for a dollar amount here Consumption Depreciation Retained earnings Gross investment Imports Social Security taxes EXports Indirect business taxes Government purchases Personal income taxes 2300 230 billion 100 billion 650 billion 350 billion 250 billion 200 billion 300 billion 700 billion 800 billion From the following figures calculate GDP using the expenditure C391 lgt V AAO Ttm39 I Year 1 Quantity Year 2 Quantity X93 1 Year 2 Price Cat food 25 bags 30 bags 600 800 Dinner at El 50 meals 45 meals 900 1200 3 Refer to the table above a By what percentage has nominal GDP changed from Year 1 to Year 2 Note Use the following formula change in GDP Year 2 GDP Year 1 GDP Year 1 GDP Year 2 GDP2 tlfOO P39Z soAoo Id0 Jt0iP00I3d0A 230A fAO 1amp SO Using Year 1 as your base year by what percentage has real GDP changed from Year 1 to Year 2 Note Use the formula given above in part 3a SY1 lilpOO quotLfO 0 I A p00quotEygt My S F tAonfn l quotV Jh 0 hpu vOCHN tdonomfquot Mounti mmi a icArihi V7 d naivrcAl rtVovr6iV Ab F I39HJTY m 0 pro ducHAi quotN quotJHUztx VAA Tct itVo quotrctV 7f A Pkmnni ati man 0 oni quot uo a VPcnYre 39ifnbhod ndh voaeb f0 riddreVii5 ndm quotpM quot1 UhrJ r0 rroductquot mdviduML 2 iliu i0 productl nnib LUho H Dtodoa 07quotirdvidVa kdmonquot bUiAmem ihi ttoncmi396 by r i m rAchpf CAnd naf m ihtir oun xtlthnVb i indivi clquotaV mrAimizt Firmxr 7aX DYOi 0 hovA 39 m V A rAthM nop roA yomnt bemjd 0 bbt ntXh btAi iMkrnrAlvt quotOAmizD Q A 51 an igt17ibiv c UVAPPC A mode ifrquotHi 7quotnUPi nvzducfcn Cfnnoinquotf7V a produce gtg xrrifAJ T f gv teVourctV tn quoti A 7AA vivii vht rimnt 0 f the etroncmr reVoAvoAV X7y y invailAfian 0iiKcquotnh39 0n the UVt u quot6c0mtc uiiocofm tft producfi VfC M0 A 20M loig A M oloHiinCibIt in tKe 39 C rtdowttdnoh uJi WM 6 intM 1 oimtnt 1 A 4 0 HM A O 00 O A mas mejin 455 0lT51 jm mtLW WM TQW I EQ 0 0 l CQILLW WE L d w ILU 7WH 17L DEL QHW FILU QL pp 6 Kioij VA btcauV6 tcomiCv rt0JYquot aifquot dPACiaizt4 O 1 fht M noihoigl OicaUVi rWOurCfCirziKquot idtnffCXN 39jAQOj CzAr0i4i 39h 16 nmrttx 39 ncvtaVt an quottcommc tti0ira Aimm aurcoficitf grthA LonVirquotinlchiidinunanVV ttAvnroantAi39 W m m H mm mm mm m 1 AWN M m Law7 mimwumiawul n gw lt Lquot pr0tvcfc I 1m Uriquot 4m ZZ iimth iccrnmic pj J mh M akr ipA00Whi0n pun cmiwm l Pun CoinnuNnd f 1139 VI mm 0 v 1M m0 WndivftianW umonti vtio ivmiAtp mmwmmJJiMCtiwlvL anhimiiidtquotihh 0 nmion quotr AmutAnph hAci Pm raini 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39A0H tlktA eoVP rth uitLf I 1 ovrt tUtit I tcgt vouAn VYaAltA A AD itkrmwanw ima AAr 39 ltA ji39v 10m L A otwnol v10UA M W 39 A it A m A V AV maH ciUtyf Y39l mon 0t tcmraai39ui iJ Al MM 11 u 1 A Yihm mrtMl MP W dlti A K10 QW 39JIMIAD NfY A39f 39 yoijvA poiii 39fwia 39MoniAuH pwiaiA00ndary tyi A V AAT A lOthnpta tool Cr 0A iOS439awpwablltAmutvL mjvauuftA 1 VY0YAiiAa vv0XNA39 t tuMnt A u390V0Y0ifYa0v39A 39Jci C 4 vfiXMt AV lwul polii39f39 A m M I g t39 l aiw 01 iNi iW4m0 39II AWi 391 A in A A A M vpindma Yranvito jaiAW W ltgt j A J 39 f Ci mn T iAat lethi i39 CO tquotll z a rn 39Otc fu i i 1 lu V hur 5hr lAhr I I L39 quotr ton i M 1hr A II M 0 LOW 11Q0i101 VHeir W5 ViAO lco A0 0ir a of tt T quot3 W cmp in Mm WMn A lgt Im mniOSYmM 0395 MVAC Vb ifthi Vhvmlel PLfSrnw u j jwlWfQ anW T 0t gtgt k toirfAftniny piWLif Vwri wmquot uoiw Inw a me t A A m 1 AXvma mkwltLgt A1rl A n pVoA lt0l lAquot aV 0Otquot 36 39 AW KaiWm wm mmp039immt Twm quotOhH 90 s A39NV tav p0ViVtquot il gtgtgtpq0111 m m gCCquot UquotA AVt VPiOVATClH Z LAllJ39tWiO39i 0ltltltltgt at A 39 6quot 39 lK 4V rapt 15 AinAPquotmiAnAP J iOW iniUuV mpfti i K t lquotquot T5quot iV 39 15A MK 3C 533 3 i quot9 9 as quot1 4 quot 7quot igmga Van gt HA 3 HI L L TiHi J A000quot 39L25 iOOD V H gtgt QE241 ri i tJU ll VfA 1 rquot x A i T A if 1 1 1W kAi vvii hDP t i c i p pthnHrti a a y a i tiPigt gap I39MT z la39lOUk thortFallz VXT U1quot T I wiNttH 0i A voUl39 I DiMUintndrni 2U A W A P oniplltV mtia A in ACgt n 5 w IT 5 r zoo bnhin PW Hi 0quotM Raidoquot aueampampne ai La y vant v0vD2l0 10quotiivquot iYO39VA4nA OAV quot th voudV0 LV0tui Agiigrnch 3 UfCaV 01 I tVtdw 0f tKiggn VAOTt O M1 gaVVquot X A m dwiwl rftk mit vii w iht dmgrii kr moniquot dwrogvtl39 39 opwfr Vuppltv4 2 QMHI tq rA r H 4quot z req t A0Rquot Vivpputci D auajfrtneclmciquott YgtifWl V AMILII l An I P quot v 1 H u H 6117731 51 i i Mb13 11 2 fivoW AVlvtp monM XAij31quot NSS vliHliilV 1 hlonti IjupfAI z A10 A W iaV E vthquotriYitfquotwquot1apnvv tintvf wt 4Ktltgt ECON Ll bruary 3quotquot 2015 2030 Quiz 2a Which of the following statements regarding the economic system of pure capitalism is falsequot a A likely weakness of pure capitalism is that profitmaximizing firms can make choices that may lead to environmental destruction A A Accordmg t0 the mVlSlble hand theorem 1 government can be relied upon to ensure that firms promote the Ogood of society busi39nessSquotquotquotquot diagram households are the owners of economic resources and sell these resources to d In a capitalist society prices help to ration society s output of goods and services and also signal information to buyers and sellers e A likely strength of pure capitalism is that it encourages the efficient use of a nation s scarce economic resources Labor Hours Required to Produce 1 Gallon of In Colorado In Massachusetts Beer 5 hours Bottled Water 1 hour 9 hours jthe table above Colorado has a comparative advantage in producing Both beer and bottled water Only beer Only bottled water Neither good There is not enough information to say I All of the following will shift the demand curve for chocolate to the right except a An increase in consumers incomes assuming chocolate is a normal good quot An increase in the number of consumers of chocolate quot A decrease in the price of chocolate A decrease in the price of roses a complementary good to chocolate An advertising campaign touting the health benefits of chocolate 4 Which of the following statements regarding trade is false a Suppose that Brazil has a comparative advantage in coffee and Mexico has a comparative advantage in tomatoes If these two nations trade then it is likely that Mexican coffee producers will be worse off b In the absence of trade a country s consumption possibilities are limited to its domestic production possibilities c Dumping is said to occur when foreign producers sell their goods in the US at prices lower than those prevailing in their own countries d A quota is a limit on the quantity of a good that may be imported feTl One reason to support the importing of say tennis shoes from China is that this type of trade allows the US to experience economic growth Which of the following statements regarding the economic system of pure command socialism is false a A likely strength of pure command socialism is its ability to provide for a more even distribution of income Under this system government is responsible for answering for whom to produce A likely weakness of pure command socialism is the potential for the central authority to pursue goals that I I are in its own selfinterest rather than pursuing goals that promote society s wellbeing Under this system land and capital are owned by government but individuals can expect to make their own educational and employment decisions e Economic planning replaces the role of markets in pure command socialism February 12 2015 1 Mozzarella cheese is an input or resource used to make pizza If the price of mozzarella cheese iAreases ceteris garibus then ECON 2030 Quiz 2a V 56 February 339 2015 The supply curve of pizza will shift to the left A The demand for mozzarella cheese will decrease The supply curve of pizza will shift to the right The quantity supplied of mozzarella cheese will decrease The quantity demanded of mozzarella cheese will increase A Suppose a hurricane hits Florida causing widespread damage to houses and businesses The governor of Florida places a price ceiling on all building materials to keep prices reasonable Which the following is most likely to result A A shortage of building materials A A surplus of building materials A Consumers will put upward pressure on price and eventually equilibrium price will be reached A More building materials will be traded in the market after the price ceiling is implemented than before e Answers a and d above Suppose that a exible exchange rate eXists between the US dollar and the Japanese yen An increase in the supply of dollars a rightward shift in the supply curve of dollars will tend to A Improve the US trade deficit Worsen the US trade deficit Cause the dollar to appreciate Answers a and c above Answers b and c above A Consider the market for cigarettes If our government increases subsidies for the production of tobacco and at a the same time bans smoking in public buildings then The equilibrium price of cigarettes will rise the equilibrium quantity will remain unchanged b The equilibrium price of cigarettes will remain unchanged it is unknown what will happen to equilibrium quantity The equilibrium price of cigarettes will fall the equilibrium quantity will remain unchanged A The equilibrium price of cigarettes will fall it is unknown what will happen to equilibrium quantity f e It is unknown what will happen to the equilibrium price of cigarettes but equilibrium quantity will rise LWhen foreign countries buy wheat grown in the United States they are generating a Demand for US dollars and a supply of foreign currency a Demand for US dollars and a demand for foreign currency Supply of US dollars and a demand for foreign currency Supply of US dollars and a supply of a foreign currency ECON V 57 February 3quotquot 2015 2030 Quiz 2a According to public choice economists a Politicians and government bureaucrats tend to act in society s best interest b Government intervention to correct for a market failure always leads to an ef cient use of society s resources Politicians tend to be votemaximizers Qj Government of cials will not intervene in the economy for political gain e Politicians generally nd it in their selfinterest to oppose special interest groups 2 Which of the following statements regarding market failure is false 0 Market failure implies that market interaction between consumers and producers causes shortages and surpluses in the market b Market failure implies that market interaction between consumers and producers leads the economy to the wrong miX of output c If an externality is created by the supplyside of the market then the social supply curve will pick up on this externality d If an externality is created by the supplyside of the market then market demand and social demand will be the same demand curve If a market fails government may intervene in the market to improve allocative ef ciency Public GoodsServices Private GoodsslSewieexs 3 Refer to the PPG above Suppose Combination B represents the optimal miX of public and private goods for this nation The market mechanism is likely to result in a miX of output represented by a Combination A because the market mechanism tends to fail and underproduce public goods b Combination A because the market mechanism tends to fail and overproduce public goods c Combination B because the market mechanism always gives us both productive and allocatively ef cient outcomes d Combination C because the market mechanism tends to fail and underproduce public goods A Combination C because the market mechanism tends to fail and overproduce public goods 4 Which of the following is a nal good or service ZL Lumber sold to a furniture company to be used in the production of tables Gasoline purchased for personal use by a car owner c Goodyear tires purchased by General Motors for their line of GMC trucks Flour sold to a baker which the baker will use to make bagels e All of the above are nal goods and services ECON V 58 February 3quotquot 2015 2030 Quiz 2a When the consumption of a product creates external bene ts then without government intervention a Equilibrium price of the product tends to be artificially high and equilibrium quantity is less than the allocatively efficient socially optimal output level Equilibrium price of the product tends to be artificially high and equilibrium quantity is greater than the allocatively efficient socially optimal output level yEquilibrium price of the product tends to be artificially low and equilibrium quantity is less than the allocatively efficient socially optimal output level d Equilibrium price of the product tends to be artificially low and equilibrium quantity is greater than the allocatively efficient socially optimal output level e Equilibrium quantity is equal to the allocatively efficient socially optimal output level and as such equilibrium price is an accurate re ection of this product s value to society a g M r EllaU 39 112 39HJ U U March 24 2015 1 Which of the following individuals would be considered structurally unemployed aA A forklift operator who quit her job to look for a similar position with better working conditions fb A meatpacker whose job was eliminated when the company purchased AVrvi automated packing equipment YrivM39oncl C 39 A national sales representative who lost his job due to a general downturn in the overall economy d A recent college graduate who is trying to choose between three job offers e A student who quits her summer job to go back to school in August 2 When an individual stays at home to watch her children and provide other homemaking services this activity is JL Included in GDP because it represents production Productive but is excluded from GDP because it is a nonmarket activity c Excluded from GDP because it is an intermediate service d Excluded from GDP because homemaking represents a service not an actual product e Answers c and d above ECON V 6 February 3quotquot 2015 2030 Quiz 2a 3 Net domestic product a Is used to measure the relative standard of living of the citizens of different nations b Corrects GDP for in ation c Is a good measure of the incomes earned by a nation s economic resources in the production of GDP Is the amount of output currently available for useconsumption without reducing a nation s stock of capital e Is a less accurate measurement of a nation s future production possibilities than GDP Which of the following statements about real GDP and nominal GDP is correct a Nominal GDP is the value of output measured in constant prices Nominal GDP is not affected by changes in output Real GDP is the value of output measured in constant prices Real GDP can give a distorted view of economic performance because of price levels changing Answers b and c are both correct Which of the following statements is true quotDiscouraged workers are not counted as unemployed L The Bureau of Labor Statistics would classify an individual who is working at a part time job because she is unable to nd a fulltime job as ffictionally unemployed 6 Historically high school graduates have tended to have lower unemployment as rates than college graduates A i Cyclical unemployment best describes a snow ski instructor s unemployment during summer months The phantom unemployed are people who want a job but have given up looking for one because they don t eXpect to find employment ECON 2030 Quiz 2a 0 7 February 3quotquot 2015 March 3 r39 2015 1 Full employment in the US economy means a Frictional unemployment has been reduced to 0 E The total unemployment rate has been reduced to 0 The economy has reached the lowest level of unemployment compatible with price stability a Cyclical unemployment has been reduced to 0 e Answers a and d above In ation is generally regarded as undesirable because it quot Harms everyone in the economy quot Arbitrarily redistributes income and wealth Is always accompanied by increased unemployment Results in a uniform reduction in everyone s standard of living e Often helps creditors at the eXpense of debtors 3 Suppose a country has 1000 people 600 of whom are in the labor force with 30 unemployed Let s say full employment occurs at 2 in this country Based on this information by what percentage has real GDP failed to reach it potential according to Okun s Law 3 a 4 5 b quot In general as college tuitions continue to rise income is redistributed from students to nonstudents e 1U This is Aaquotexample of W TaX bracket creep The wealth effect quot The income effect llriggime pr1ce t e De ation 0 quotii 5 Which of the following is false The Consumer Price IndeX was 17810 in 2001 and was 1808 in 2002 Therefore the rate of in ation between 2001 and 2002 was approximately 27 b One problem with calculating the CPI is that products improve in quality over time and adjusting the CPI for quality changes is difficult because it entails subjective judgments c Our in ation target is not 0 because achieving this goal would likely increase the unemployment rate d Tax bracket creep is the movement of taxpayers into higher taX brackets as nominal incomes grow e If in ation were 0 then the nominal interest rate would equal the real interest rate 11610 1 l 7 j r J Which of the following suggests that lower average prices make it more dif cult to cover interest paYments and other xed costs of doing business causing rms to cut back production Interest rate effect Cost effect NfCAVi Foreign trade effect Pro t effectir V ttd None of the above Given a consumption function where C 100 8Yd if the level of disposable income is 2000 then the level of savings is quotM00t i amp j 2000 l Kl D 1 A A t1000 1700 7 1 600 lOt 1f00 1110 300 e 100 3 XAlike the Classical economists Keynes asserted that A The private economy was inherently unstable and required government intervention Prices and wages were exible Markets would naturally selfadjust Business cycles do occur Answers a and d above 999539 FENCE LEVEL AD2 Q I 0 REAL OUTPUT Refer to the diagram above An increase in real output real GDP resulting from the real balances effect quotould be depicted as A movement from Point A to Point C A movement from Point A to Point B A movement from Point B to Point C A movement from Point B to Point A A movement from Point C to Point A Which of the following is not a source of costpush in ation a An increase in the minimum wage rate IE An external shock such as a terrorist attack destroys a huge portion of our nation s production capacity An increase in the level of government spending for social welfare programs a Firms being forced by unions to pay wage increases in excess of productivity gains e An increase in the price of raw materials lejtfbth39 0 omeworkm A 1 ECON 2030 Beginning of class on TuesdaAFebruary 2015 AP I Let s assume that Egypt and Israel each have 1000 workers that can be used in the production of either rugs or shoes Further these resources are equally suited to the production of either product the law of increasing marginal opportunity costs does not hold Each Egyptian worker can produce either 10 rugs or 5 shoes in one day Each Israeli worker can produce either 4 rugs or 12 shoes in one day On the graphs below draw in the daily production possibilities curves for Egypt and Israel for the production of rugs and shoes Please label the X and Yintercepts on both graphs Egypt Israel l 393 11 n I EEIJDEWWW viquot quot 3 quotIWW 1 PRIOR TO TRADE Egypt decides to produce and consume 5000 rugs and 2500 shoes Israel decides to produce and consume 2A500 rugs and 4500 shoes Please id ntifythese combinations on both graphs as Point 2 What is the opporturwty cost of producing one rug in terms of shoes in Egypt In Israel 3 For what goods odes Israel have the absolute advantage in production th Oti T 4 For what goodss does Israel have the comparative advantage in production 5 WITH TRADE Egypt and Israel decide to trade in a ratio of I rug for 1 39A shoes Complete the following to determine each country s gain from trade a Egypt keeps 5000 rugs and tradesAOAA rugs to Israel for quotle0 shoes b Israel keeps 4500 shoes and trades shoes to Egypt for rugs c With specialization and trade Egypt now has A 2C0 rugs and 3911 2t shoes Label this combination Point N on Egypt s graph Israel now has A0 29 rugs and 39FiOO Aoes Label this combination Point N on Israel s graph d Egypt s gain from trade is v T i l A Israel s gain from trade is IV 1 S IlAiTO J A K n aSOD HOMEWORK 2 ECON 2030 DUE Beginning of class on Thursdav Februarv 12th Shift Factor 4 The following shifts are occurring in the market for US wooden baseball bats bats 20 million ash trees in Michigan2 Ohio amp Indiana Ash is an important resource used to make products from baseball bats to ooring amp furniture 2 South Korea currentlv buvs wooden baseball bats from the US and the exchange rate changes from 950 won1 US to 1000 won1 US 3 Baltimore Oriole Nelson Cruz a huge fan favorite uses a Rawlings Pro wooden baseball bat in his attempt to hit the most homeruns in the 2014 season during the same season workers at the two largest US wooden baseball bat factories go on strike demanding better wages amp health care 4 The fares for Toledoarea taxis a substitute service for TARTA rise 5 A u outbreak occurs and as a result riding TARTA increases vour risk of getting the u 6 TARTA has gone quotgreenquot and now uses biofuels made from com amp soybeans gthis move has lowered TARTA39s maintenance costs At the same time Congress approves a taX cut resulting in higher disposable incomes fOI consumers The following shifts are occurring in the US dollar market 7 American cars are suddenlv becoming more popular abroad 8 The United States falls into a recession Equilibrium Equilibrium Demand ShT Left Price Increases Decreases or Quantity Increases andor ts l or Cannot be Determined Decreases or Cannot be Supply Right Determined diquotaquotaV shif ts shif ts a e a t c i t shif VOPPH dOTaf39cl 1 shifts CWfc shifts jeLttQVf Demand g m Supply shifts shifts Left g Right 9 US Dollar US Trade Deficit Appreciates or Improves or Depreciates Worsens apimtiaHC dPintciattV j 39I a I quota Econ 2030 Homework 4 Due at the beginning of class on Thursdav April 2339 39 I Please illustrate the following events with AS or AD shifts Please state what happens to macroequilibrium real GDP and macroequilibrium price level 2M1 result of the AS or AD shift a A recession in Asia dramatically reduces the demand for US exports f m Lei we w w a 1 a l e interest rates else In 40year lews which decreases the eest ef berrewing fer businesses snd eensemers IH a39ihtoii 5 d A technological breakthrough significantly redujes the cost of computerizing production lines w r f in yr 3 is l Aha fr 2 Suppose the consumption function for the nation is as follows C 400 billion OSYd a How much will aggregate demand increase if government increases purchases bv 50 billion ii111AirA Ab39 ti iiilUpl39tl inhdl A iri n4 39rblf gq s1 lzf jts lsl b How much will aggregate demand increase if government increases income transfers bv 50 billion Homework 5 V10 Due Beginning of class on Tuesday March 24quot 2015 1 Suppose that bagel production encompasses the following Farmer sells wheat to a miller Miller sells our to a baker Baker sells bagel to Tim Hortons Tim Hortons sells bagel to consumer StaStage 1 Stage 2 Stage 3 Stage 4 a What is the value added at each of the four stages 1A0 A 3 26 How mucl m does the huge multribute to 3 will 010 A 030A A 065 090 ECON 2030 c By how much would your answer to b change if the wheat in Stage 1 were imported from China I m looking for a dollar amount here Consumption Depreciation Retained earnings Gross investment Imports Social Security taxes EXports Indirect business taxes Government purchases Personal income taxes 2300 230 billion 100 billion 650 billion 350 billion 250 billion 200 billion 300 billion 700 billion 800 billion From the following figures calculate GDP using the expenditure C391 lgt V AAO Ttm39 I Year 1 Quantity Year 2 Quantity X93 1 Year 2 Price Cat food 25 bags 30 bags 600 800 Dinner at El 50 meals 45 meals 900 1200 3 Refer to the table above a By what percentage has nominal GDP changed from Year 1 to Year 2 Note Use the following formula change in GDP Year 2 GDP Year 1 GDP Year 1 GDP Year 2 GDP2 tlfOO P39Z soAoo Id0 Jt0iP00I3d0A 230A fAO 1amp SO Using Year 1 as your base year by what percentage has real GDP changed from Year 1 to Year 2 Note Use the formula given above in part 3a SY1 lilpOO quotLfO 0 I A p00quotEygt


type: contracts

jurisdiction: EU

text:
 Avis juridique important
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 21981D1212(02)
 AFGØRELSE NR. 1/81 TRUFFET AF SAMARBEJDSRÅDET EØF- LIBANON den 20. oktober 1981 om udskiftning af regningsenheden med ECU' en i protokollen vedrørende definitionen af begrebet »varer med oprindelsesstatus« og vedrørende metoderne for administrativt samarbejde til samarbejdsaftalen mellem Det europæiske økonomiske Fællesskab og republikken Libanon
 EF-Tidende nr. L 357 af 12/12/1981 s. 0004 den finske specialudgave: kapitel 11 bind 10 s. 0081 den svenske specialudgave: kapitel 11 bind 10 s. 0081
 AFGOERELSE NR. 1/81 TRUFFET AF SAMARBEJDSRAADET EOEF-LIBANON den 20. oktober 1981 om udskiftning af regningsenheden med ECU'en i protokollen vedroerende definitionen af begrebet »varer med oprindelsesstatus« og vedroerende metoderne for administrativt samarbejde til samarbejdsaftalen mellem Det europaeiske oekonomiske Faellesskab og republikken Libanon SAMARBEJDSRAADET HAR - under henvisning til samarbejdsaftalen mellem Det europaeiske oekonomiske Faellesskab og republikken Libanon, saerlig afsnit I, under henvisning til protokollen vedroerende definitionen af begrebet «varer med oprindelsesstatus« og vedroerende metoderne for administrativt samarbejde, i det foelgende benaevnt »protokollen«, saerlig artikel 6, stk. 1, og artikel 25, og ud fra foelgende betragtninger: regningsenheden svarer ikke til den gaeldende internationale valutasituation, og det er derfor noedvendigt at fastlaegge et nyt faelles vaerdigrundlag ved afgoerelsen af, hvornaar certifikat EUR. 2 kan anvendes i stedet for varecertifikat EUR. 1, og hvornaar dokumentation for oprindelsen ikke er noedvendig; De europaeiske Faellesskaber har fra 1. januar 1981 indfoert ECU'en; ECU'en boer anvendes som faelles vaerdigrundlag; af administrative og handelsmaessige grunde er det noedvendigt, at dette faelles vaerdigrundlag forbliver uaendret i en periode paa mindst to aar; vaerdien af ECU'en, som skal anvendes, maa derfor undtagelsesvis fastsaettes paa en referencedato og ajourfoeres hvert andet aar - TRUFFET FOELGENDE AFGOERELSE: Artikel 1 Protokollen aendres saaledes: 1. i artikel 6, stk. 1, andet afsnit aendres »1 000 regningsenheder« til »1 620 ECU«; 2. i artikel 6, stk. 1, udgaar tredje afsnit og erstattes af foelgende: »Indtil den 30. april 1983 er den ECU, der skal anvendes i en af Faellesskabets medlemsstaters nationale valuta, modvaerdien i dette lands nationale valuta af ECU'en pr. 1 oktober 1980. For hver efterfoelgende periode paa to aar er den modvaerdien i dette lands nationale valuta af ECU'en den foerste hverdag i oktober i aaret forud for denne toaarige periode. Reviderede beloeb, der skal erstatte de i denne artikel og i artikel 17, stk. 2, naevnte beloeb udtrykt i ECU, kan af Faellesskabet indfoeres ved begyndelsen af hver efterfoelgende toaarig periode, naar dette er noedvendigt, og skal af Faellesskabet bekendtgoeres for Toldsamarbejdsudvalget senest en maaned inden deres ikrafttraeden. Disse beloeb skal under alle omstaendigheder vaere saaledes, at vaerdien af graenserne udtrykt i en hvilken som helst medlemsstats nationale valuta ikke mindskes. Faktureres varen i valutaen i en anden af Faellesskabets medlemsstater, anerkender indfoerselsstaten det beloeb, der er meddelt af den paagaeldende stat.«; 3. i artikel 17, stk. 2, i protokollen aendres »60 regningsenheder« og »200 regningsenheder« til henholdsvis »105 ECU« og »325 ECU«. Artikel 2 Denne afgoerelse traeder i kraft den 1. januar 1982. Udfaerdiget i Bruxelles, den 20. oktober 1981. Paa Samarbejdsraadets vegne Michael BUTLER Formand


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 Важна правна забележка
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 22005D0145
 Официален вестник n° L 053 , 23/02/2006 стр. 0042 - 0042
 Решение на Съвместния комитет на ЕИПNo 145/2005от 2 декември 2005 годиназа изменение на приложение II (Технически правила, стандарти, изпитвания и сертифициране) към Споразумението за ЕИПСЪВМЕСТНИЯТ КОМИТЕТ НА ЕИП,като взе предвид Споразумението за Европейското икономическо пространство, изменено с Протокола за адаптиране на Споразумението за Европейското икономическо пространство, по-нататък наричано "Споразумението", и по-специално член 98 от него,като има предвид, че:(1) Приложение II към Споразумението е изменено с Решение No 79/2005 на Съвместния комитет на ЕИП [1].(2) Директива 2005/20/ЕО на Европейския парламент и на Съвета от 9 март 2005 г. за изменение на Директива 94/62/ЕО относно опаковането и опаковъчните отпадъци [2] трябва да бъде включена в Споразумението,РЕШИ:Член 1Към точка 7 (Директива 94/62/ЕО на Европейския парламент и на Съвета) от глава XVII от приложение II към Споразумението се добавя следното тире:- "— 32004 L 0020: Директива 2005/20/ЕО на Европейския парламент и на Съвета (ОВ L 70, 16.3.2005 г., стр. 17)."Член 2Текстовете на Директива 2005/20/ЕО на исландски и на норвежки език, които следва да се публикуват в притурката за ЕИП към Официален вестник на Европейския съюз, са автентични.Член 3Настоящото решение влиза в сила на 3 декември 2005 г., при условие че всички нотификации до Съвместния комитет на ЕИП съгласно член 103, параграф 1 от Споразумението са направени [***].Член 4Настоящото решение се публикува в раздела за ЕИП и в притурката за ЕИП към Официален вестник на Европейския съюз.Съставено в Брюксел на 2 декември 2005 година.За Съвместния комитет на ЕИППредседателH.S.H. Prinz Nikolaus von Liechtenstein[1] ОВ L 268, 13.10.2005 г., стр. 10.[2] ОВ L 70, 16.3.2005 г., стр. 17.[***] Няма посочени конституционни изисквания.--------------------------------------------------


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ORDIN 1016 18/07/2005 - Portal Legislativ
 ORDIN nr. 1.016 din 18 iulie 2005privind aprobarea deducerilor personale lunare pentru contribuabilii care realizează venituri din salarii la funcţia de baza, începând cu luna iulie 2005, potrivit prevederilor Legii nr. 571/2003 privind Codul fiscal şi ale Legii nr. 348/2004 privind denominarea monedei naţionale
 Publicat în MONITORUL OFICIAL nr. 668 din 27 iulie 2005
 În temeiul art. 11 alin. (5) din Hotărârea Guvernului nr. 208/2005 privind organizarea şi funcţionarea Ministerului Finanţelor Publice şi a Agenţiei Naţionale de Administrare Fiscală, cu modificările ulterioare,având în vedere prevederile art. 5 alin. (5) din Legea nr. 348/2004 privind denominarea monedei naţionale, cu modificările şi completările ulterioare, ale art. 56 alin. (2) şi ale art. 45 din Legea nr. 571/2003 privind Codul fiscal, cu modificările şi completările ulterioare,ministrul finanţelor publice emite următorul ordin: + Articolul 1Se aprobă calculatorul pentru determinarea deducerilor personale lunare începând cu luna iulie 2005, stabilit potrivit prevederilor art. 56 alin. (2) şi ale art. 45 din Legea nr. 571/2003 privind Codul fiscal, cu modificările şi completările ulterioare, coroborate cu prevederile art. 5 alin. (5) din Legea nr. 348/2004 privind denominarea monedei naţionale, cu modificările şi completările ulterioare. + Articolul 2Calculatorul desfasurator pentru determinarea deducerilor personale lunare începând cu luna iulie 2005, prevăzut la art. 1, este cuprins în anexa care face parte integrantă din prezentul ordin. + Articolul 3La calculul deducerilor personale lunare degresive potrivit art. 1, în funcţie de venitul brut lunar din salarii şi de numărul de persoane aflate în întreţinerea contribuabilului, s-a utilizat următorul algoritm de calcul:
 Venit brut lunar din salarii (VBL) Deducerea personală lunară stabilită pentru un contribuabil în funcţie de numărul persoanelor aflate în întreţinere
 Fără persoane în întreţinere Cu o persoană în întreţinere Cu 2 persoane în întreţinere Cu 3 persoane în întreţinere Cu 4 sau mai multe persoane în întreţinere
 Până la 1.000 250 350 450 550 650
 De la 1.001 la 3.000 250 x [1-(VBL- 1.000)/2.000] 350 x [1-(VBL- 1.000)/2.000] 450 x [1-(VBL- 1.000)/2.000] 550 x [1-(VBL- 1.000)/2.000] 650 x [1-(VBL- 1.000)/2.000]
 + Articolul 4Pentru stabilirea deducerilor personale potrivit art. 3, venitul brut lunar din salarii se rotunjeste la nivel de leu, fără subdiviziuni, prin rotunjire la leu pentru fracţiunile de peste 50 de bani inclusiv şi prin neglijarea fracţiunilor de până la 50 de bani. + Articolul 5Sumele reprezentând deducerile personale potrivit art. 2 şi 3 pentru venitul brut lunar din salarii cuprins între 1.001 şi 3.000 lei sunt calculate prin rotunjire la 10 lei, în sensul că fracţiunile sub 10 lei se majorează la 10 lei. + Articolul 6Prin venituri din salarii realizate începând cu luna iulie 2005 se înţelege orice suma primită sub forma de salarii începând cu data de 1 iulie 2005, cu excepţia plăţilor reprezentând lichidarea pe luna iunie 2005 sau venitul din salarii pentru luna iunie 2005 care se plăteşte o singură dată pe luna în luna următoare şi care sunt considerate venituri din salarii aferente lunii iunie 2005. + Articolul 7Prezentul ordin va fi publicat în Monitorul Oficial al României, Partea I.Ministrul finanţelor publice,Ionel PopescuBucureşti, 18 iulie 2005.Nr. 1.016. + Anexa CALCULATORpentru determinarea deducerilor personale lunareîncepând cu luna iulie 20051. Pentru contribuabilii care nu au persoane în întreţinere
 Venitul brut lunar din salarii Deducere personală lunară Venitul brut lunar din salarii Deducere personală lunară
 de la la de la la
 0 - 1.079 250 2.040 - 2.119 120
 1.080 - 1.159 240 2.120 - 2.199 110
 1.160 - 1.239 230 2.200 - 2.279 100
 1.240 - 1.319 220 2.280 - 2.359 90
 1.320 - 1.399 210 2.360 - 2.439 80
 1.400 - 1.479 200 2.440 - 2.519 70
 1.480 - 1.559 190 2.520 - 2.599 60
 1.560 - 1.639 180 2.600 - 2.679 50
 1.640 - 1.719 170 2.680 - 2.759 40
 1.720 - 1.799 160 2.760 - 2.839 30
 1.800 - 1.879 150 2.840 - 2.919 20
 1.880 - 1.959 140 2.920 - 2.999 10
 1.960 - 2.039 130 peste 2.999 0
 2. Pentru contribuabilii care au o singura persoana în întreţinere
 0 - 1.057 350 2.029 - 2.085 170
 1.058 - 1.114 340 2.086 - 2.142 160
 1.115 - 1.171 330 2.143 - 2.199 150
 1.172 - 1.228 320 2.200 - 2.257 140
 1.229 - 1.285 310 2.258 - 2.314 130
 1.286 - 1.342 300 2.315 - 2.371 120
 1.343 - 1.399 290 2.372 - 2.428 110
 1.400 - 1.457 280 2.429 - 2.465 100
 1.458 - 1.514 270 2.486 - 2.542 90
 1.515 - 1.571 260 2.543 - 2.599 80
 1.572 - 1.628 250 2.600 - 2.657 70
 1.629 - 1.685 240 2.658 - 2.714 60
 1.686 - 1.742 230 2.715 - 2.771 50
 1.743 - 1.799 220 2.772 - 2.828 40
 1.800 - 1.857 210 2.829 - 2.885 30
 1.858 - 1.914 200 2.886 - 2.942 20
 1.915 - 1.971 190 2.943 - 2.999 10
 1.972 - 2.028 180 peste 2.999 0
 3. Pentru contribuabilii care au 2 persoane în întreţinere
 0 - 1.044 450 2.023 - 2.066 220
 1.045 - 1.088 440 2.067 - 2.111 210
 1.089 - 1.133 430 2.112 - 2.155 200
 1.134 - 1.177 420 2.156 - 2.199 190
 1.178 - 1.222 410 2.200 - 2.244 180
 1.223 - 1.266 400 2.245 - 2.288 170
 1.267 - 1.311 390 2.289 - 2.333 160
 1.312 - 1.355 380 2.334 - 2.377 150
 1.356 - 1.399 370 2.378 - 2.422 140
 1.400 - 1.444 360 2.423 - 2.466 130
 1.445 - 1.488 350 2.467 - 2.511 120
 1.489 - 1.533 340 2.512 - 2.555 110
 1.534 - 1.577 330 2.556 - 2.599 100
 1.578 - 1.622 320 2.600 - 2.644 90
 1.623 - 1.666 310 2.645 - 2.688 80
 1.667 - 1.711 300 2.689 - 2.733 70
 1.712 - 1.755 290 2.734 - 2.777 60
 1.756 - 1.799 280 2.778 - 2.822 50
 1.800 - 1.844 270 2.823 - 2.866 40
 1.845 - 1.888 260 2.867 - 2.911 30
 1.889 - 1.933 250 2.912 - 2.955 20
 1.934 - 1.977 240 2.956 - 2.999 10
 1.978 - 2.022 230 peste 2.999 0
 4. Pentru contribuabilii care au 3 persoane în întreţinere
 0 - 1.036 550 2.019 - 2.054 270
 1.037 - 1.072 540 2.055 - 2.090 260
 1.073 - 1.109 530 2.091 - 2.127 250
 1.110 - 1.145 520 2.128 - 2.163 240
 1.146 - 1.181 510 2.164 - 2.199 230
 1.182 - 1.218 500 2.200 - 2.236 220
 1.219 - 1.254 490 2.237 - 2.272 210
 1.255 - 1.290 480 2.273 - 2.309 200
 1.291 - 1.327 470 2.310 - 2.345 190
 1.328 - 1.363 460 2.346 - 2.381 180
 1.364 - 1.399 450 2.382 - 2.418 170
 1.400 - 1.436 440 2.419 - 2.454 160
 1.437 - 1.472 430 2.455 - 2.490 150
 1.473 - 1.509 420 2.491 - 2.527 140
 1.510 - 1.545 410 2.528 - 2.563 130
 1.546 - 1.581 400 2.564 - 2.599 120
 1.582 - 1.618 390 2.600 - 2.636 110
 1.619 - 1.654 380 2.637 - 2.672 100
 1.655 - 1.690 370 2.673 - 2.709 90
 1.691 - 1.727 360 2.710 - 2.745 80
 1.728 - 1.763 350 2.746 - 2.781 70
 1.764 - 1.799 340 2.782 - 2.818 60
 1.800 - 1.836 330 2.819 - 2.854 50
 1.837 - 1.872 320 2.855 - 2.890 40
 1.873 - 1.909 310 2.891 - 2.927 30
 1.910 - 1.945 300 2.928 - 2.963 20
 1.946 - 1.981 290 2.964 - 2.999 10
 1.982 - 2.018 280 peste 2.999 0
 5. Pentru contribuabilii care au 4 sau mai multe persoane în întreţinere
 Venitul brut lunar din salarii Deducere personală lunară Venitul br ut lunar din s al arii Deducere personală lunară
 0 - 1.030 650 2.016 - 2.046 320
 1.031 - 1.061 640 2.047 - 2.076 310
 1.062 - 1.092 630 2.077 - 2.107 300
 1.093 - 1.123 620 2.108 - 2.138 290
 1.124 - 1.153 610 2.139 - 2.169 280
 1.154 - 1.184 600 2.170 - 2.199 270
 1.185 - 1.215 590 2.200 - 2.230 260
 1.216 - 1.246 580 2.231 - 2.261 250
 1.247 - 1.276 570 2.262 - 2.292 240
 1.277 - 1.307 560 2.293 - 2.323 230
 1.308 - 1.338 550 2.324 - 2.353 220
 1.339 - 1.369 540 2.354 - 2.384 210
 1.370 - 1.399 530 2.385 - 2.415 200
 1.400 - 1.430 520 2.416 - 2.446 190
 1.431 - 1.461 510 2.447 - 2.476 180
 1.462 - 1.492 500 2.477 - 2.507 170
 1.493 - 1.523 490 2.508 - 2.538 160
 1.524 - 1.553 480 2.539 - 2.569 150
 1.554 - 1.584 470 2.570 - 2.599 140
 1.585 - 1.615 460 2.600 - 2.630 130
 1.616 - 1.646 450 2.631 - 2.661 120
 1.647 - 1.676 440 2.662 - 2.692 110
 1.677 - 1.707 430 2.693 - 2.723 100
 1.708 - 1.738 420 2.724 - 2.753 90
 1.739 - 1.769 410 2.754 - 2.784 80
 1.770 - 1.799 400 2.785 - 2.815 70
 1.800 - 1.830 390 2.816 - 2.846 60
 1.831 - 1.861 380 2.847 - 2.876 50
 1.862 - 1.892 370 2.877 - 2.907 40
 1.893 - 1.923 360 2.908 - 2.938 30
 1.924 - 1.953 350 2.939 - 2.969 20
 1.954 - 1.984 340 2.970 - 2.999 10
 1.985 - 2.015 330 peste 2.999 0