5学原理》宏观第五版测试题库 23Word下载.docx

1、 F DIF: 1 REF: 23-0NAT: Analytic LOC: The study of economics and definitions of economicsTOP: Economic expansion MSC: Definitional2. Macroeconomic statistics include GDP, the inflation rate, the unemployment rate, retail sales, and the trade deficit. T DIF: Macroeconomics MSC:3. Macroeconomic statis

2、tics tell us about a particular household, firm, or market.4. Macroeconomics is the study of the economy as a whole.5. The goal of macroeconomics is to explain the economic changes that affect many households, firms, and markets simultaneously.6. Microeconomics and macroeconomics are closely linked.

3、 Microeconomics | Macroeconomics MSC:7. The basic tools of supply and demand are as central to macroeconomic analysis as they are to microeconomic analysis. Demand | Supply MSC:8. GDP is the most closely watched economic statistic because it is thought to be the best single measure of a societys eco

4、nomic well-being. GDP MSC:9. GDP can measure either the total income of everyone in the economy or the total expenditure on the economys output of goods and services, but GDP cannot measure both at the same time. 2 REF: 23-1 Interpretive10. For an economy as a whole, income must exceed expenditure.

5、Income | Expenditure MSC:11. An economys income is the same as its expenditure because every transaction has a buyer and a seller.12. GDP is the market value of all final goods and services produced by a countrys citizens in a given period of time. 23-213. GDP adds together many different kinds of p

6、roducts into a single measure of the value of economic activity by using market prices.14. U.S. GDP includes the market value of rental housing, but not the market value of owner-occupied housing.15. U.S. GDP excludes the production of most illegal goods.16. U.S. GDP includes estimates of the value

7、of items that are produced and consumed at home, such as housework and car maintenance. Applicative17. GDP includes only the value of final goods because the value of intermediate goods is already included in the prices of the final goods. GDP | Intermediate goods MSC:18. Additions to inventory subt

8、ract from GDP, and when the goods in inventory are later used or sold, the reductions in inventory add to GDP. GDP | Inventory MSC:19. While GDP includes tangible goods such as books and bug spray, it excludes intangible services such as the services provided by teachers and exterminators.20. At a r

9、ummage sale, you buy two old books and an old rocking chair; your spending on these items is not included in current GDP.21. When an American doctor opens a practice in Bermuda, his production there is part of U.S. GDP.22. If the U.S. government reports that GDP in the third quarter was $12 trillion

10、 at an annual rate, then the amount of income and expenditure during quarter three was $3 trillion.23. The government computes measures of income other than GDP because these other measures usually tell different stories about overall economic conditions. GDP | Income MSC:24. Expenditures by househo

11、lds on education are included in the consumption component of GDP. 23-3 Consumption MSC:25. Most goods whose purchases are included in the investment component of GDP are used to produce other goods. Investment MSC:26. New home construction is included in the consumption component of GDP.27. Changes

12、 in inventory are included in the investment component of GDP.28. The investment component of GDP refers to financial investment in stocks and bonds.29. The government purchases component of GDP includes salaries paid to soldiers but not Social Security benefits paid to the elderly. Government purch

13、ases MSC:30. If the value of an economys imports exceeds the value of that economys exports, then net exports is a negative number. Net exports MSC:31. If someone in the United States buys a surfboard produced in Australia, then that purchase is included in both the consumption component of U.S. GDP

14、 and the net exports component of U.S. GDP. Consumption | Net exports MSC:32. If consumption is $4000, exports are $300, government purchases are $1000, imports are $400, and investment is $800, then GDP is $5700.33. If exports are $500, GDP is $8000, government purchases are $1200, imports are $700

15、, and investment is $800, then consumption is $6200.34. If consumption is $1800, GDP is $4300, government purchases are $1000, imports are $700, and investment is $1200, then exports are $300. Exports MSC:35. U.S. GDP was almost $14 billion in 2007.36. In 2007, government purchases was the largest c

16、omponent of U.S. GDP.37. If total spending rises from one year to the next, then the economy must be producing a larger output of goods and services. 23-438. An increase in nominal U.S. GDP necessarily implies that the United States is producing a larger output of goods and services. Nominal GDP MSC:39. Nominal GDP uses constant base-year prices to place a value on the economys production of goods and services, while real GDP uses current prices to place a value on the economys production of goods and services. Nominal GDP | Real GDP MSC: Defini