ÉRETTSÉGI VIZSGA 2008. május 26. KÖZGAZDASÁGI- MARKETING ALAPISMERETEK ANGOL NYELVEN KÖZÉPSZINTŰ ÍRÁSBELI VIZSGA 2008. május 26. 8:00 Az írásbeli vizsga időtartama: 180 perc Pótlapok száma Tisztázati Piszkozati OKTATÁSI ÉS KULTURÁLIS MINISZTÉRIUM Közgazdasági-marketing alapismeretek angol nyelven középszint írásbeli vizsga 0811
Important information Types of questions featured in the exam: Test questions I. Multiple choice questions Underline the correct answer. There is only one correct answer for each question. If you have not marked your answer clearly, you will not get any points. II. III. 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. Definitions Define briefly in 3-4 lines the given concepts and economic phenomena. Calculation and geometrical questions Indicating only the end result of calculations is not enough, all calculations and formulas have to be written down as well. Please use a ruler to draw precise diagrams. Pencils may be used to prepare diagrams, the final solution, however; has to be finalized in pen. During the examination you may use non-programmable calculators. Make sure you write legibly and that you provide a clear layout for your answers and try to manage your time sensibly. Good luck! írásbeli vizsga 0811 2 / 12 2008. május 26.
TEST QUESTIONS I. MULTIPLE CHOICE QUESTIONS 10 x 1 = 10 points Underline the correct answer. 1. Due to the avian flu a large amount of poultry had to be terminated. As a result of this a. the equilibrium price of poultry increased, and the equilibrium quantity decreased. b. the equilibrium price of poultry decreased, and the equilibrium quantity increased. c. the equilibrium price of poultry increased, and the equilibrium quantity increased. 2. If the price elasticity of the demand for a product is ε = -1.5, then a. a 1% increase of the demanded quantity of the product will decrease the price of the product by 1.5%. b. a 1% increase of the price of the product will decrease the demanded quantity of the product by 1.5%. c. the product has inelastic demand from a price elasticity point of view, since ε<0. 3. Accounting cost is: a. explicit costs + non-accountable implicit costs. b. explicit costs + accountable implicit costs. c. sales revenue economic profit. 4. The total revenue of a fully competing company. to the rising of the quantity sold. a. increases in direct proportion. b. increases at a growing rate compared c. increases at a slowing rate compared 5. A profit-maximising company makes the right decision if the equivalence becomes true on the market of production factors. a. MPL = MRS b. MFC = MPA c. MFC = MRP írásbeli vizsga 0811 3 / 12 2008. május 26.
6. In a three-player macro-economic model, where there are no savings, the equation for macro-income is: a. Y = C+I+G b. Y = C+I c. Y = C+G 7. As a result of an interest rate rise, macro-demand a. increase. b. decreases. c. remains unchanged. 8. Indexation is a. the increasing of nominal wages in proportion to the growth of production. b. the informing of the unemployed about which professions are likely to experience an increase in labour demand in the future. c. the adjusting of nominal wages to the modified price levels. 9. It signals a drastic increase in price levels where economic transparency is no longer ensured. Money no longer fulfils its functions and economic players revert to a direct exchange of goods. Which type of inflation are the above statements true for? a. Creeping inflation b. Galloping inflation c. Hyperinflation 10. The surplus of the balance of payments. central bank reserves. a. increase b. decreases c. has no effect on írásbeli vizsga 0811 4 / 12 2008. május 26.
II. TRUE/FALSE QUESTIONS 10 x 2 = 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, regardless of whether the statement is true or false. 1. The real income of the consumer can decrease even if his/her nominal income increases. 2. If the consumer, moving along the indifference curve, chooses another commodity combination, then his total utility may decrease. 3. The income elasticity of demand can be negative. 4. The average product of labour expresses the change in production that is the result of a change in labour content.. 5. A monopoly must also adapt to the market. 6. Changes in money demand are equally proportionate to income changes. 7. If real wage is higher than equilibrium real wage, then increasing real wage will boost unemployment. 8. Unemployment related to the changing of jobs or areas of residence is called structural unemployment. írásbeli vizsga 0811 5 / 12 2008. május 26.
9. From an income flow point of view, transfer payments can be considered negative taxes 10. The international balance of payments also contains the flow of factor incomes between countries. III. DEFINITIONS 10x2 = 20 points Define the following concepts. 1. Scarcity: 2. Equilibrium price: 3. Marginal utility: 4. Short-run: 5. Explicit costs: 6. GDP: 7. Tender function: 8. Consumption function: 9. Active population: írásbeli vizsga 0811 6 / 12 2008. május 26.
10. Cost-push inflation: írásbeli vizsga 0811 7 / 12 2008. május 26.
CALCULATION AND GEOMETRICAL QUESTIONS Question 1 50 points 10 points The potato market in a city can be characterised with the following functions: Demand function: Q D = 600-2 P Supply function: Q S = 3 P + 100 Questions a. Determine the equilibrium price of potato. b. Determine the equilibrium quantity. c. How does the market situation change if the unit price of potato rises to HUF 120? Calculate the market effect of the price change. d. What change does the market situation described in Point C cause? írásbeli vizsga 0811 8 / 12 2008. május 26.
Question 2 15 points The diagram below shows the unit cost functions of a fully competing company along with four different market prices. ár, költség = price, cost mennyiség = quantity Questions Write the correct letters after the corresponding statements. 1. The production quantity where there is no more economic profit, but the company is not yet realising losses. 2. The market price where the company achieves economic profit. 3. The production quantity where company profits are at a maximum. 4. The production quantity, producing more than which results in increasing production costs for new products. 5. Break-even point. 6. The production quantity where the company s losses are minimal. 7. Business interruption point. 8. The market price where all company costs are recovered, but the company does not achieve economic profit. 9. The market price where only variable costs are recovered. 10. The market price where the company s variable costs are recovered as well as part of the fixed costs. írásbeli vizsga 0811 9 / 12 2008. május 26.
Question 3 8 points In 2006, the GDP in a macro-economy was 1000 units. The players of the domestic economy acquired 200 units of income abroad. 100 units of transfer flowed into the country from abroad. Foreign economic players acquired 300 units of income in the examined macro-economy. 10 units of aid were transferred from the country to Tsunami victims and 70 units of transfer were sent to other countries. Amortisation is 100 units. Questions Calculate: a. the GNI, b. the GNDI and c. the NNDI. írásbeli vizsga 0811 10 / 12 2008. május 26.
Question 4 17 points The following table contains data regarding a macro-economy: Questions Y C(Y) S(Y) 0 200 400 800 1200 1100 a. Calculate the marginal propensity to consume and the marginal propensity to save. b. Write down the consumption and savings functions. c. Calculate the missing data and fill in the table. d. Describe the situation of the economy in the case of income levels below and above 800. írásbeli vizsga 0811 11 / 12 2008. május 26.
Topic Question number Maximum points Points scored Maximum points awardable for the topic I. 10 Test II. 20 questions III. 20 50 Calculation 1. 10 and 2. 15 geometrical 3. 8 50 questions 4. 17 TOTAL 100 100 Score of written examination 100 Points scored in topic Correcting teacher Date:... Teszt jellegű kérdéssor/test questions Számítási és geometriai feladatok/ Calculation and geometrical questions Elért pontszám/ Points scored Programba beírt pontszám/ Points entered into programme javító tanár/correcting teacher jegyző/notary Dátum/Date:... Dátum/Date:... írásbeli vizsga 0811 12 / 12 2008. május 26.