曼昆《经济学原理》宏观第五版测试题库.docx

曼昆《经济学原理》宏观第五版测试题库.docx

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曼昆《经济学原理》宏观第五版测试题库

Chapter23

MeasuringaNation'sIncome

TRUE/FALSE

1.Inyearsofeconomiccontraction,firmsthroughouttheeconomyincreasetheirproductionofgoodsandservices,employmentrises,andjobsareeasytofind.

ANS:

FDIF:

1REF:

23-0

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

EconomicexpansionMSC:

Definitional

2.MacroeconomicstatisticsincludeGDP,theinflationrate,theunemploymentrate,retailsales,andthetradedeficit.

ANS:

TDIF:

1REF:

23-0

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

MacroeconomicsMSC:

Definitional

3.Macroeconomicstatisticstellusaboutaparticularhousehold,firm,ormarket.

ANS:

FDIF:

1REF:

23-0

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

MacroeconomicsMSC:

Definitional

4.Macroeconomicsisthestudyoftheeconomyasawhole.

ANS:

TDIF:

1REF:

23-0

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

MacroeconomicsMSC:

Definitional

5.Thegoalofmacroeconomicsistoexplaintheeconomicchangesthataffectmanyhouseholds,firms,andmarketssimultaneously.

ANS:

TDIF:

1REF:

23-0

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

MacroeconomicsMSC:

Definitional

6.Microeconomicsandmacroeconomicsarecloselylinked.

ANS:

TDIF:

1REF:

23-0

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

Microeconomics|MacroeconomicsMSC:

Definitional

7.Thebasictoolsofsupplyanddemandareascentraltomacroeconomicanalysisastheyaretomicroeconomicanalysis.

ANS:

TDIF:

1REF:

23-0

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

Demand|SupplyMSC:

Definitional

8.GDPisthemostcloselywatchedeconomicstatisticbecauseitisthoughttobethebestsinglemeasureofasociety’seconomicwell-being.

ANS:

TDIF:

1REF:

23-0

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

GDPMSC:

Definitional

9.GDPcanmeasureeitherthetotalincomeofeveryoneintheeconomyorthetotalexpenditureontheeconomy’soutputofgoodsandservices,butGDPcannotmeasurebothatthesametime.

ANS:

FDIF:

2REF:

23-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

GDPMSC:

Interpretive

10.Foraneconomyasawhole,incomemustexceedexpenditure.

ANS:

FDIF:

1REF:

23-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

Income|ExpenditureMSC:

Definitional

11.Aneconomy’sincomeisthesameasitsexpenditurebecauseeverytransactionhasabuyerandaseller.

ANS:

TDIF:

1REF:

23-1

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

Income|ExpenditureMSC:

Definitional

12.GDPisthemarketvalueofallfinalgoodsandservicesproducedbyacountry’scitizensinagivenperiodoftime.

ANS:

FDIF:

1REF:

23-2

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

GDPMSC:

Definitional

13.GDPaddstogethermanydifferentkindsofproductsintoasinglemeasureofthevalueofeconomicactivitybyusingmarketprices.

ANS:

TDIF:

1REF:

23-2

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

GDPMSC:

Definitional

14.U.S.GDPincludesthemarketvalueofrentalhousing,butnotthemarketvalueofowner-occupiedhousing.

ANS:

FDIF:

2REF:

23-2

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

GDPMSC:

Interpretive

15.U.S.GDPexcludestheproductionofmostillegalgoods.

ANS:

TDIF:

2REF:

23-2

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

GDPMSC:

Interpretive

16.U.S.GDPincludesestimatesofthevalueofitemsthatareproducedandconsumedathome,suchashouseworkandcarmaintenance.

ANS:

FDIF:

2REF:

23-2

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

GDPMSC:

Applicative

17.GDPincludesonlythevalueoffinalgoodsbecausethevalueofintermediategoodsisalreadyincludedinthepricesofthefinalgoods.

ANS:

TDIF:

1REF:

23-2

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

GDP|IntermediategoodsMSC:

Definitional

18.AdditionstoinventorysubtractfromGDP,andwhenthegoodsininventoryarelaterusedorsold,thereductionsininventoryaddtoGDP.

ANS:

FDIF:

1REF:

23-2

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

GDP|InventoryMSC:

Definitional

19.WhileGDPincludestangiblegoodssuchasbooksandbugspray,itexcludesintangibleservicessuchastheservicesprovidedbyteachersandexterminators.

ANS:

FDIF:

2REF:

23-2

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

GDPMSC:

Applicative

20.Atarummagesale,youbuytwooldbooksandanoldrockingchair;yourspendingontheseitemsisnotincludedincurrentGDP.

ANS:

TDIF:

2REF:

23-2

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

GDPMSC:

Applicative

21.WhenanAmericandoctoropensapracticeinBermuda,hisproductionthereispartofU.S.GDP.

ANS:

FDIF:

2REF:

23-2

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

GDPMSC:

Applicative

22.IftheU.S.governmentreportsthatGDPinthethirdquarterwas$12trillionatanannualrate,thentheamountofincomeandexpenditureduringquarterthreewas$3trillion.

ANS:

TDIF:

2REF:

23-2

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

GDPMSC:

Applicative

23.ThegovernmentcomputesmeasuresofincomeotherthanGDPbecausetheseothermeasuresusuallytelldifferentstoriesaboutoveralleconomicconditions.

ANS:

FDIF:

2REF:

23-2

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

GDP|IncomeMSC:

Interpretive

24.ExpendituresbyhouseholdsoneducationareincludedintheconsumptioncomponentofGDP.

ANS:

TDIF:

2REF:

23-3

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

ConsumptionMSC:

Interpretive

25.MostgoodswhosepurchasesareincludedintheinvestmentcomponentofGDPareusedtoproduceothergoods.

ANS:

TDIF:

2REF:

23-3

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

InvestmentMSC:

Interpretive

26.NewhomeconstructionisincludedintheconsumptioncomponentofGDP.

ANS:

FDIF:

2REF:

23-3

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

InvestmentMSC:

Interpretive

27.ChangesininventoryareincludedintheinvestmentcomponentofGDP.

ANS:

TDIF:

2REF:

23-3

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

InvestmentMSC:

Interpretive

28.TheinvestmentcomponentofGDPreferstofinancialinvestmentinstocksandbonds.

ANS:

FDIF:

2REF:

23-3

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

InvestmentMSC:

Interpretive

29.ThegovernmentpurchasescomponentofGDPincludessalariespaidtosoldiersbutnotSocialSecuritybenefitspaidtotheelderly.

ANS:

TDIF:

2REF:

23-3

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

GovernmentpurchasesMSC:

Interpretive

30.Ifthevalueofaneconomy’simportsexceedsthevalueofthateconomy’sexports,thennetexportsisanegativenumber.

ANS:

TDIF:

2REF:

23-3

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

NetexportsMSC:

Interpretive

31.IfsomeoneintheUnitedStatesbuysasurfboardproducedinAustralia,thenthatpurchaseisincludedinboththeconsumptioncomponentofU.S.GDPandthenetexportscomponentofU.S.GDP.

ANS:

TDIF:

2REF:

23-3

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

Consumption|NetexportsMSC:

Applicative

32.Ifconsumptionis$4000,exportsare$300,governmentpurchasesare$1000,importsare$400,andinvestmentis$800,thenGDPis$5700.

ANS:

TDIF:

2REF:

23-3

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

GDPMSC:

Applicative

33.Ifexportsare$500,GDPis$8000,governmentpurchasesare$1200,importsare$700,andinvestmentis$800,thenconsumptionis$6200.

ANS:

TDIF:

2REF:

23-3

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

ConsumptionMSC:

Applicative

34.Ifconsumptionis$1800,GDPis$4300,governmentpurchasesare$1000,importsare$700,andinvestmentis$1200,thenexportsare$300.

ANS:

FDIF:

2REF:

23-3

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

ExportsMSC:

Applicative

35.U.S.GDPwasalmost$14billionin2007.

ANS:

FDIF:

1REF:

23-3

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

GDPMSC:

Definitional

36.In2007,governmentpurchaseswasthelargestcomponentofU.S.GDP.

ANS:

FDIF:

2REF:

23-3

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

GDPMSC:

Interpretive

37.Iftotalspendingrisesfromoneyeartothenext,thentheeconomymustbeproducingalargeroutputofgoodsandservices.

ANS:

FDIF:

2REF:

23-4

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

GDPMSC:

Interpretive

38.AnincreaseinnominalU.S.GDPnecessarilyimpliesthattheUnitedStatesisproducingalargeroutputofgoodsandservices.

ANS:

FDIF:

2REF:

23-4

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

NominalGDPMSC:

Interpretive

39.NominalGDPusesconstantbase-yearpricestoplaceavalueontheeconomy’sproductionofgoodsandservices,whilerealGDPusescurrentpricestoplaceavalueontheeconomy’sproductionofgoodsandservices.

ANS:

FDIF:

1REF:

23-4

NAT:

AnalyticLOC:

Thestudyofeconomicsanddefinitionsofeconomics

TOP:

NominalGDP|RealGDPMSC:

Defin