ÉRETTSÉGI VIZSGA 2006. május 18. KÖZGAZDASÁGI-MARKETING ALAPISMERETEK ANGOL NYELVEN THE BASICS OF MARKETING ECONOMICS 2006. május 18. 14:00 KÖZÉPSZINTŰ ÍRÁSBELI VIZSGA STANDARD LEVEL WRITTEN EXAMINATION Az írásbeli vizsga időtartama: 180 perc Duration of the written examination: 180 minutes Pótlapok száma Number of additional pages Tisztázati/ Final copy Piszkozati/ Drafts OKTATÁSI MINISZTÉRIUM MINISTRY OF EDUCATION Közgazdasági-marketing alapismeretek középszint írásbeli vizsga 0611 angol nyelven
Important Information Types of questions featured in the exam: Test questions 1. Multiple choice questions Mark the correct answer by underlining. There is only one correct answer for each question. If you have not marked your answers clearly, you will not get any points 2. True/False questions, with explanation: Indicate your answer by writing the letters T (true) or F (false) after the statements. All answers have to be explained. 3. Definitions Define briefly in 3-4 lines the given concepts and economic phenomena. Calculation and geometrical questions Indicating only the end result of calculation questions is insufficient, all calculations and formulas have to be written down as well. Please use a ruler to provide precise diagrams. Pencils may be used to prepare diagrams, the final solution however has to be finalized in pen. During the examination only the use of non-programmable calculators is permitted. Make sure you write legibly, that you provide a clear layout for you answers and try to manage your time sensibly. Good luck! írásbeli vizsga 0611 2 / 12 2006. május 18.
TEST QUESTIONS 1. Multiple choice questions 10x1 = 10 points Underline the correct answer: 1. Which of the following income types is the income of the capital holder? a. interest b. profit c. rental fee 2. Which effect shifts the demand curve of the product? a. Import of the given product is increased. b. Materials needed to manufacture the product become cheaper. c. Income of the buyers of the product increases. 3. Of the following pairs the cross price-elasticity of which products is negative? a. car gasoline b. bread bread roll c. book coffee 4. A company s profit is maximum if a. the total income is maximum. b. the marginal cost is minimum. c. the marginal cost and marginal income is equal. 5. The state governs the activity of natural monopolies in a way that in the long term they a. achieve economic profit. b. achieve accounting profit. c. achieve normal profit. írásbeli vizsga 0611 3 / 12 2006. május 18.
6. Economic processes are a. real processes b. income processes c. both a and b are correct 7. When paying taxes money fulfils the role of a. circulating medium b. means of payment c. accumulation instrument 8. Output maximum is achievable when on the labour market a. labour demand is greater than labour supply. b. labour demand is equal to labour supply. c. labour supply is greater than labour demand. 9. In case of cost-push inflation the cause of inflation is a. the increase in demand. b. the increase of money supply. c. the increase of production costs. 10. The raising of taxes macro-income. a. increases b. decreases c. does not change írásbeli vizsga 0611 4 / 12 2006. május 18.
2. True/False statements 10x2 = 20 points Decide whether the following statements are true (T) or false (F). Write the correct letter on the dotted line next to the statement. Briefly explain your answer. 1. The demand curve is negatively sloping. 2. Saturation point: the quantity of products more than which the consumer is unable to consume. 3. The marginal income of a fully competing company is independent of the size of the company s production. 4. Marginal cost expresses the size of the cost of production per one unit. 5. Real wage is the amount which the employee takes home. 6. Government purchases flow to the corporate sector without remuneration. 7. The indicators of the SNA-system are appropriate only to count material production. 8. The absolute value of autonomous consumption and autonomous saving is identical, they only differ in prefix. 9. The increase of real wages may increase unemployment. 10. The reason for structural unemployment is the change in the distribution of the population according to age. írásbeli vizsga 0611 5 / 12 2006. május 18.
3. Definitions 10x2 = 20 points Define the following concepts: 1. Instrumental capital 2. Rational consumer 3. Marginal utility 4. Long-term 5. Accounting profit 6. Transfer 7. GNI 8. Voluntary unemployment 9. Creeping inflation 10. Budget deficit írásbeli vizsga 0611 6 / 12 2006. május 18.
4. CALCULATION AND GEOMETRICAL QUESTIONS 50 points Question 1 10 points Laci drinks a lot of fluids after football practice. He spends HUF 5000 on cola and mineral water. The price of a bottle of cola is HUF 200; the price of a bottle of mineral water is HUF 100. Questions: a. Draw up Laci s budget line. Indicate the value of axis interceptions. (The vertical axis should show the quantity of cola). b. How will Laci s budget line change if he spends HUF 6000 on the two drinks together? Draw up the new budget line. írásbeli vizsga 0611 7 / 12 2006. május 18.
Question 2 15 points The following table shows data concerning the production of a fully competing company. Q FC VC TC MC AVC AC 0 100 1 20 2 30 3 80 4 160 5 100 Questions: a. Calculate the data missing from the table. b. How much does a profit-maximizing company produce in case of a HUF 80 market price? Draw up (without numbers) such a market situation. írásbeli vizsga 0611 8 / 12 2006. május 18.
Question 3 14 points In a three actor economy the corporate sector pays a wage of 700 units to the household sector. The household sector spends 600 units of this wage on buying consumer goods. The state collects 100 units of tax from the household sector, and the transfer paid to the household sector is 150 units. The corporate sector does not receive transfers. The state orders 100 units worth of goods and services from the corporate sector. The saving of the corporate sector is 100 units, corporate investment is 300. Questions: a. How much is the macro-income, the savings of the household sector and the state, and the tax of the corporate sector? b. Illustrate the flow of macro-economical incomes with the help of the current items account. írásbeli vizsga 0611 9 / 12 2006. május 18.
Question 4 11 points The autonomous saving in a two actor macro-economy is 100, the marginal propensity to consume is 0,8, the size of investment is 200. Questions: a. Draw up the consumption and the curve of savings. b. Calculate the equilibrium income. c. How much is the consumption in case of equilibrium income? írásbeli vizsga 0611 10 / 12 2006. május 18.
írásbeli vizsga 0611 11 / 12 2006. május 18.
Topic Question number Maximum points Points scored Maximum points awardable for the topic 1. Multiple choice 10 Test questions 50 questions 2. True/False questions 20 3. Definitions 20 Calculation 1. 10 and 2. 15 geometrical 3. 14 50 questions 4. 11 TOTAL 100 100 Points of written examination 100 Points scored in topic Correcting teacher Teszt jellegű kérdéssor Test questions Számítási és geometriai feladatsor Calculation and geometrical questions Elért pontszám Points scored Programba beírt pontszám Points entered into programme Javító tanár / Correcting teacher Jegyző / Notary írásbeli vizsga 0611 12 / 12 2006. május 18.