5学原理》宏观第五版测试题库 24.docx

5学原理》宏观第五版测试题库 24.docx

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5学原理》宏观第五版测试题库24

Chapter24

MeasuringtheCostofLiving

TRUE/FALSE

1.Theconsumerpriceindexisusedtomonitorchangesinaneconomy’sproductionofgoodsandservicesovertime.

ANS:

FDIF:

2REF:

24-0

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPIMSC:

Interpretive

2.Whentheconsumerpriceindexfalls,thetypicalfamilyhastospendfewerdollarstomaintainthesamestandardofliving.

ANS:

TDIF:

2REF:

24-0

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPIMSC:

Interpretive

3.Economistsusetheterminflationtodescribeasituationinwhichtheeconomy’soverallpricelevelisrising.

ANS:

TDIF:

1REF:

24-0

NAT:

AnalyticLOC:

UnemploymentandinflationTOP:

Inflation

MSC:

Definitional

4.Theinflationrateistheabsolutechangeinthepricelevelfromthepreviousperiod.

ANS:

FDIF:

1REF:

24-0

NAT:

AnalyticLOC:

UnemploymentandinflationTOP:

Inflationrate

MSC:

Definitional

5.InflationcanbemeasuredusingeithertheGDPdeflatorortheconsumerpriceindex.

ANS:

TDIF:

2REF:

24-0

NAT:

AnalyticLOC:

Unemploymentandinflation

TOP:

Inflation|CPI|GDPdeflatorMSC:

Interpretive

6.TheinflationratereportedinthenewsisusuallycalculatedfromtheGDPdeflatorratherthantheconsumerpriceindex.

ANS:

FDIF:

2REF:

24-0

NAT:

AnalyticLOC:

Unemploymentandinflation

TOP:

Inflationrate|CPI|GDPdeflatorMSC:

Interpretive

7.BecausetheconsumerpriceindexreflectsthegoodsandservicesboughtbyconsumersbetterthantheGDPdeflatordoes,itisthemorecommongaugeofinflation.

ANS:

TDIF:

1REF:

24-0

NAT:

AnalyticLOC:

Unemploymentandinflation

TOP:

Inflation|CPI|GDPdeflatorMSC:

Definitional

8.TheCPIisameasureoftheoverallcostofthegoodsandservicesboughtbyatypicalconsumer.

ANS:

TDIF:

1REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPIMSC:

Definitional

9.Eachweek,theBureauofLaborStatisticscomputesandreportstheconsumerpriceindex.

ANS:

FDIF:

1REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPIMSC:

Definitional

10.TheBureauofLaborStatisticsispartoftheU.S.DepartmentofLabor.

ANS:

TDIF:

1REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

BureauofLaborStatisticsMSC:

Definitional

11.TheBureauofLaborStatisticsdetermineswhichpricesaremostimportanttothetypicalconsumerbysurveyingconsumers.

ANS:

TDIF:

1REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

BureauofLaborStatisticsMSC:

Definitional

12.ThecontentofthebasketofgoodsandservicesusedtocomputetheCPIchangeseverymonth.

ANS:

FDIF:

2REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPIMSC:

Interpretive

13.BykeepingthebasketofgoodsandservicesthesamewhencomputingtheCPI,theBureauofLaborStatisticsisolatestheeffectsofpricechangesfromtheeffectofanyquantitychangesthatmightbeoccurringatthesametime.

ANS:

TDIF:

1REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPIMSC:

Definitional

14.Whentheconsumerpriceindexiscomputed,thebaseyearisalwaysthefirstyearamongtheyearsbeingconsidered.

ANS:

FDIF:

2REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPIMSC:

Interpretive

15.TheCPIfor2008iscomputedbydividingthepriceofthebasketofgoodsandservicesin2008bythepriceofthebasketofgoodsandservicesinthebaseyear,thenmultiplyingby100.

ANS:

TDIF:

2REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPIMSC:

Interpretive

16.TheCPIisalways1inthebaseyear.

ANS:

FDIF:

1REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPIMSC:

Definitional

17.IfthecurrentyearCPIis140,thenthepricelevelhasincreased40percentsincethebaseyear.

ANS:

TDIF:

2REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPIMSC:

Applicative

18.IfthecurrentyearCPIis90,thenthepricelevelhasdecreased10percentsincethebaseyear.

ANS:

TDIF:

2REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPIMSC:

Applicative

19.Theinflationratefor2007iscomputedbydividing（theCPIin2007minustheCPIin2006）bytheCPIin2006,thenmultiplyingby100.

ANS:

TDIF:

2REF:

24-1

NAT:

AnalyticLOC:

UnemploymentandinflationTOP:

Inflationrate

MSC:

Interpretive

20.Ifthevalueoftheconsumerpriceindexis110in2005and121in2006,thentheinflationrateis11percentfor2006.

ANS:

FDIF:

2REF:

24-1

NAT:

AnalyticLOC:

UnemploymentandinflationTOP:

Inflationrate

MSC:

Applicative

21.Theproducerpriceindexmeasuresthecostofabasketofgoodsandservicesboughtbyfirmsratherthanconsumers.

ANS:

TDIF:

1REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

PPIMSC:

Definitional

22.Changesintheconsumerpriceindexareusefulinpredictingchangesintheproducerpriceindex.

ANS:

FDIF:

2REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPI|PPIMSC:

Interpretive

23.DatafromtheBureauofLaborStatisticsshowthatthelargestcategoryofconsumerspendingishousing.

ANS:

TDIF:

1REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CategoriesofconsumerspendingMSC:

Definitional

24.DatafromtheBureauofLaborStatisticsshowthatconsumerspendingontransportationisonlyslightlyhigherthanconsumerspendingonfoodandbeverages.

ANS:

TDIF:

1REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CategoriesofconsumerspendingMSC:

Definitional

25.DatafromtheBureauofLaborStatisticsshowthatconsumerspendingonmedicalcareisaboutequaltoconsumerspendingonrecreationandconsumerspendingoneducationandcommunication.

ANS:

TDIF:

1REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CategoriesofconsumerspendingMSC:

Definitional

26.DatafromtheBureauofLaborStatisticsshowthatapparelmakesup14percentofthetypicalconsumer’sbudget.

ANS:

FDIF:

1REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CategoriesofconsumerspendingMSC:

Definitional

27.Thegoaloftheconsumerpriceindexistogaugehowmuchincomesmustrisetomaintainaconstantstandardofliving.

ANS:

TDIF:

1REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPIMSC:

Definitional

28.SubstitutionbiasoccursbecausetheCPIignoresthepossibilityofconsumersubstitutiontowardgoodsthathavebecomerelativelylessexpensive.

ANS:

TDIF:

2REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPI|SubstitutionbiasMSC:

Interpretive

29.SubstitutionbiascausestheCPItounderstatetheincreaseinthecostoflivingfromoneyeartothenext.

ANS:

FDIF:

1REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPI|SubstitutionbiasMSC:

Definitional

30.Whenanewgoodisintroduced,consumershavemorevarietyfromwhichtochoose,andthisinturnincreasesthecostofmaintainingthesamelevelofeconomicwell-being.

ANS:

FDIF:

1REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPI|IntroductionofnewgoodsMSC:

Definitional

31.TheCPIdoesnotreflecttheincreaseinthevalueofthedollarthatarisesfromtheintroductionofnewgoods.

ANS:

TDIF:

1REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPI|IntroductionofnewgoodsMSC:

Definitional

32.Ifthequalityofagooddeterioratesfromoneyeartothenextwhileitspriceremainsthesame,thenthevalueofadollarfalls.

ANS:

TDIF:

1REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPI|QualitychangeMSC:

Definitional

33.TheBureauofLaborStatisticsdoesnottrytoaccountforqualitychangesinthegoodsandservicesinthebasketusedtocomputetheCPI.

ANS:

FDIF:

2REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPI|QualitychangeMSC:

Interpretive

34.ThereisnolongermuchdebateamongeconomistsconcerningtheseverityofandthesolutiontotheproblemsinusingtheCPItomeasurethecostofliving.

ANS:

FDIF:

2REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPIMSC:

Interpretive

35.ManyeconomistsbelievethebiasintheCPIisnowonlyabouthalfaslargeasitoncewas.

ANS:

TDIF:

1REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPIMSC:

Definitional

36.TheCPIandGDPdeflatorusuallytelltwodifferentstoriesabouthowquicklypricesarerising.

ANS:

FDIF:

2REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPI|GDPdeflatorMSC:

Interpretive

37.WhenthepriceofItalianwinerises,thischangeisreflectedintheU.S.CPIbutnotintheU.S.GDPdeflator.

ANS:

TDIF:

2REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPI|GDPdeflatorMSC:

Applicative

38.Whenthepriceofnuclearmissilesrises,thischangeisreflectedintheCPIbutnotintheGDPdeflator.

ANS:

FDIF:

2REF:

24-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

CPI|GDPdeflatorMSC:

Applicative

39.IntheU.S.,whenthepriceofoilrises,theCPIrisesbymuchmorethandoestheGDPdeflator.

ANS:

TDIF:

2REF:

24-1

NA