FOREIGN TRADE UNIVERSITY FINAL EXAM QUESTIONS

HCMC CAMPUS MACROECONOMICS 1 (KTEE204)

FACULTY OF ECONOMICS AND LAW
_________________________
TEST NO.1
__________________________________
Semester: II Academic year: 2020– 2021
Full-time/Part-time: Full-time
Class code: 57, 58, 59, 60
Form of Exam: Written Exam
Duration: 60 minutes (excluding paper distribution time)

SECTION A. (7.5 MARKS)

Each of these statements is true or false? Explain the reason.

Question 1: (1.5 marks)

Commercial banks are supposed to decide to hold less excessive reserve than
before. With other factors remain unchanged, this action of commercial banks
will decrease the impact of the Central Bank’s sale of Government bonds.

Question 2: (1.5 marks)

If the Government increased the income tax imposed on households’ saving, it
would make the interest rate to increase.

Question 3: (1.5 marks)

With other factors remain unchanged, if the demand for foreign assets
increased due to a higher profitability, it would make the domestic currency
(Eg: VND) to become appreciated.

Question 4: (1.5 marks)

The value of intermediate goods has never been counted in GDP.

Question 5: (1.5 marks)

Vietnam economy is supposed to fall in a depression due to a reduction in the
aggregate demand caused by the Covid-19 pandemic. Without any intervention
from Government, the price level would reduce in the short-term and even
reduce more deeply in the long-term.

SECTION B: CASE STUDY (2.5 MARKS)

The Coronavirus pandemic has strongly affected many faces of economies all
over the world since the beginning of 2020. According to
Tradingeconomics.com, Vietnam’s economic growth rate in 2020 hit 2.91%
which was much lower than 7.02% in 2019.

1/ 2
 1. Let’s analyze the reasons which have caused this depression based on the
components of the aggregate demand. (1 mark)
2. List down two economic policies, including fiscal and social security
protection policies which Vietnamese Government has implemented to help the
economy to overcome the depression. (1 mark)
3. Analyze the impact of these policies on boosting the economic growth
rate. (0.5 marks)

--------------------------------------End of test--------------------------------------
Note: - This paper contains 5 TRUE/FALSE questions and 1 case study with 3
questions.
- Students are not allowed to use materials during the examination.
- Invigilators shall not provide further explanation.

2/ 2