7 True or False.docx
《7 True or False.docx》由会员分享，可在线阅读，更多相关《7 True or False.docx（57页珍藏版）》请在冰点文库上搜索。
7TrueorFalse
Chapter21
7TrueorFalse
1）WhenIBM,anAmericanfirm,producescomputerchipsinanothercountry,thisproductionisnotincludedinU.S.GDPbecausetheproductiondidnottakeplaceintheUnitedStates.
Answer:
TRUE
Topic:
GrossDomesticProduct
Skill:
Conceptual
AACSB:
ReflectiveThinking
2）Thecircularflowdiagramshowsthattheflowofpaymentstothefactorsusedtoproducegoodsandservicesexceedstheflowofpaymentsforfinalgoodsandservices.
Answer:
FALSE
Topic:
CircularFlow
Skill:
Conceptual
AACSB:
ReflectiveThinking
3）ThecircularflowdiagramshowsonlytheaggregateexpendituresmeasureofGDP.
Answer:
FALSE
Topic:
CircularFlow,AggregateExpenditures
Skill:
Conceptual
AACSB:
ReflectiveThinking
4）Thecircularflowshowsthataggregatespendingisthanaggregateincomebecausepeoplesave.
Answer:
FALSE
Topic:
ExpenditureEqualsIncome
Skill:
Conceptual
AACSB:
ReflectiveThinking
5）Whengrossinvestmentisgreaterthandepreciation,thenthenation'scapitalstockincreased.
Answer:
TRUE
Topic:
CapitalandInvestment
Skill:
Analytical
AACSB:
ReflectiveThinking
6）Netinvestmentequalsgrossinvestmentminusdepreciation.
Answer:
TRUE
Topic:
NetInvestment
Skill:
Recognition
AACSB:
ReflectiveThinking
7）Ifdepreciationexceedsgrossinvestment,netinvestmentisnegative.
Answer:
TRUE
Topic:
NetInvestment
Skill:
Conceptual
AACSB:
ReflectiveThinking
8）TheexpenditureapproachtomeasuringGDPincludesfirms'spendingonwages.
Answer:
FALSE
Topic:
ExpenditureApproach
Skill:
Recognition
AACSB:
ReflectiveThinking
9）IntermediategoodsandservicesareoneofthelargestcomponentsoftheexpenditureapproachtomeasuringGDP.
Answer:
FALSE
Topic:
ExpenditureApproach
Skill:
Recognition
AACSB:
ReflectiveThinking
10）TocalculateGDPusingtheexpenditureapproach,inpartitisnecessarytoaddexportsandsubtractimports.
Answer:
TRUE
Topic:
ExpenditureApproach,NetExports
Skill:
Recognition
AACSB:
ReflectiveThinking
11）TocalculateGDPwhenusingtheincomeapproach,youmustaddindirectbusinesstaxesanddepreciation.
Answer:
TRUE
Topic:
IncomeApproach
Skill:
Conceptual
AACSB:
ReflectiveThinking
12）Thelargestcomponentofincomeisproprietors'income.
Answer:
FALSE
Topic:
IncomeApproach,CompensationofEmployees
Skill:
Recognition
AACSB:
ReflectiveThinking
13）Aproductivitygrowthslowdowncanbeshownasyear-to-yearfluctuationsofrealGDParoundpotentialGDP.
Answer:
FALSE
Topic:
ProductivityGrowthSlowdown
Skill:
Conceptual
AACSB:
ReflectiveThinking
14）RealGDPfluctuatesfromyeartoyearbutisalwaysbelowpotentialGDP.
Answer:
FALSE
Topic:
RealandPotentialGDP
Skill:
Recognition
AACSB:
ReflectiveThinking
15）Abusinesscycleisthepatternofshort-runupwardanddownwardmovementsinproductionandjobs.
Answer:
TRUE
Topic:
BusinessCycle
Skill:
Recognition
AACSB:
ReflectiveThinking
16）Phasesandturningpointsofthebusinesscycleareexpansion,peak,recessionandtrough.
Answer:
TRUE
Topic:
BusinessCycle
Skill:
Recognition
AACSB:
ReflectiveThinking
17）Thebusinesscycleprogressesfromanexpansiontoapeaktoarecessionandthentoatrough.
Answer:
TRUE
Topic:
BusinessCycle
Skill:
Recognition
AACSB:
ReflectiveThinking
18）ArecessionoccurswhenrealGDPdecreasesforatleast6months.
Answer:
TRUE
Topic:
BusinessCycle
Skill:
Recognition
AACSB:
ReflectiveThinking
19）Anexpansionendswhentheeconomyhitsatroughandthenentersarecession.
Answer:
FALSE
Topic:
BusinessCycle
Skill:
Recognition
AACSB:
ReflectiveThinking
20）Tomeasureeconomicwelfare,oneneedsonlytomeasurerealGDP.
Answer:
FALSE
Topic:
EconomicWelfare
Skill:
Conceptual
AACSB:
ReflectiveThinking
21）Theomissionofhouseholdproductioncausesactualeconomicproductiontobeunderestimated.
Answer:
TRUE
Topic:
GDPandHouseholdProduction
Skill:
Conceptual
AACSB:
ReflectiveThinking
22）HouseholdproductionisnotmeasuredintheGDP.
Answer:
TRUE
Topic:
HouseholdProduction
Skill:
Recognition
AACSB:
ReflectiveThinking
23）Alleconomicactivityintheundergroundeconomyrepresentstheproductionofillegalgoodsandservices.
Answer:
FALSE
Topic:
GDPandUndergroundEconomicActivity
Skill:
Recognition
AACSB:
ReflectiveThinking
24）TheundergroundeconomymeansthatGDPwilloverstatetheactuallevelofeconomicwelfare.
Answer:
FALSE
Topic:
GDPandUndergroundEconomicActivity
Skill:
Conceptual
AACSB:
ReflectiveThinking
25）IfameasureofrealGDPcouldincludethevalueofleisuretime,measuredrealGDPwouldincrease.
Answer:
TRUE
Topic:
GDPandLeisureTime
Skill:
Conceptual
AACSB:
ReflectiveThinking
26）ThefactthatpricesforsimilargoodsdifferacrossnationscomplicatescomparisonsofrealGDPacrosscountries.
Answer:
TRUE
Topic:
GDPandPurchasingPowerParityPrices
Skill:
Conceptual
AACSB:
ReflectiveThinking
Chapter22
7TrueorFalse
1）Theworking-agepopulationisdividedbetweenthosepeopleinthelaborforceandthosepeopleunemployed.
Answer:
FALSE
Topic:
PopulationSurvey
Skill:
Recognition
AACSB:
ReflectiveThinking
2）Onewaytobeconsideredunemployedistobewithoutajobandlookingforwork.
Answer:
TRUE
Topic:
PopulationSurvey
Skill:
Recognition
AACSB:
ReflectiveThinking
3）Thelaborforceisthesumoftheworking-agepopulationandthenumberofunemployedpeople.
Answer:
FALSE
Topic:
PopulationSurvey
Skill:
Conceptual
AACSB:
ReflectiveThinking
4）Theunemploymentrateequals[（thenumberofpeopleunemployed）/（thepopulation）]×100.
Answer:
FALSE
Topic:
UnemploymentRate
Skill:
Recognition
AACSB:
ReflectiveThinking
5）Theunemploymentratemeasuresthepercentageoftheworking-agepopulationwhocan'tfindajob.
Answer:
FALSE
Topic:
UnemploymentRate
Skill:
Conceptual
AACSB:
ReflectiveThinking
6）Theunemploymentratemeasuresthepercentageofpeopleinthelaborforcewhocan'tfindajob.
Answer:
TRUE
Topic:
UnemploymentRate
Skill:
Conceptual
AACSB:
ReflectiveThinking
7）Aggregatehourshasanupwardtrendoverthelast30years.
Answer:
TRUE
Topic:
AggregateHours
Skill:
Recognition
AACSB:
ReflectiveThinking
8）Ifaggregatehoursworkedgrowsmoreslowlythanthenumberofpeopleemployedthenpeopleareworkingfewerhoursonaverage.
Answer:
TRUE
Topic:
AggregateHours
Skill:
Conceptual
AACSB:
ReflectiveThinking
9）Thenumberofjobleaversvariesquiteabitoverbusinesscycle.
Answer:
FALSE
Topic:
TheSourcesofUnemployment
Skill:
Conceptual
AACSB:
ReflectiveThinking
10）Thedurationofunemploymentislongwhentheunemploymentrateislow.
Answer:
FALSE
Topic:
DurationofUnemployment
Skill:
Conceptual
AACSB:
ReflectiveThinking
11）Teenageunemploymentishighbecauseteenagersaremorelikelytoleavetheirjobsandmorelikelytolosetheirjobs.
Answer:
TRUE
Topic:
DemographicsofUnemployment
Skill:
Recognition
AACSB:
ReflectiveThinking
12）Unlikecyclicalunemployment,bothfrictionalandstructuralunemploymentriseduringrecessionsandfallduringexpansions.
Answer:
FALSE
Topic:
TypesofUnemployment
Skill:
Conceptual
AACSB:
ReflectiveThinking
13）Frictional,structuralandcyclicalunemploymentarethreeclassificationsofunemployment.
Answer:
TRUE
Topic:
TypesofUnemployment
Skill:
Recognition
AACSB:
ReflectiveThinking
14）Ifaworkeristemporarilylaidoffbecausetheeconomyisinarecession,frictionalunemploymentincreases.
Answer:
FALSE
Topic:
FrictionalUnemployment
Skill:
Conceptual
AACSB:
ReflectiveThinking
15）Structuralunemploymentusuallylastslongerthanfrictionalunemployment.
Answer:
TRUE
Topic:
StructuralUnemployment
Skill:
Conceptual
AACSB:
ReflectiveThinking
16）Whentheeconomyisatfullemploymenttheunemploymentrateequalsthenaturalunemploymentrate.
Answer:
TRUE
Topic:
FullEmployment
Skill:
Recognition
AACSB:
ReflectiveThinking
17）Theabsenceofcyclicalunemploymentmeanstheeconomyisatthenaturalunemploymentrate.
Answer:
TRUE
Topic:
NaturalUnemploymentRate
Skill:
Conceptual
AACSB:
ReflectiveThinking
18）Thenaturalunemploymentrateincreasedsignificantlyduringthe1980sandthe1990s.
Answer:
FALSE
Topic:
ExplainingEmploymentandWageRates
Skill:
Recognition
AACSB:
ReflectiveThinking
19）TheCPIistheaveragepriceofallgoodsandservicesproducedwithintheeconomy.
Answer:
FALSE
Topic:
ConsumerPriceIndex
Skill:
Recognition
AACSB:
ReflectiveThinking
20）Thecommoditysubstitutionbiasisthatconsumerssubstitutehigh-qualitygoodsforlow-qualitygoods.
Answer:
FALSE
Topic:
CommoditySubstitutionBias
Skill:
Recognition
AACSB:
ReflectiveThinking
Chapter23
TrueorFalse
1）Economistsareinterestedinlong-termeconomicgrowthbecausegrowthincreasesrealGDPperpersonandimprovesourstandardofliving.
Answer:
TRUE
Topic:
EconomicGrowth
Skill:
Recognition
AACSB:
ReflectiveThinking
2）Overthelast100years,realGDPperpersonintheUnitedStateshasgrownatanaveragerateofapproximately2percentperyear.
Answer:
TRUE
Topic:
GrowthintheU.S.Economy
Skill:
Recognition
AACSB:
ReflectiveThinking
3）TheUnitedStatesexperiencedaslowdownineconomicgrowthduringwhichofthefollowingtimeperiods?
A）1973—1983
B）1960’s
C）late1990’s
D）1920’s
Answer:
A
Topic:
GrowthintheU.S.Economy
Skill:
Recognition
AACSB:
ReflectiveThinking
4）TheUnitedStateshadthelargestofrealGDPperpersonuntilthe1990swhentheJapan'srealGDPperpersonovertookandthenexceededthatintheUnitedStates.
Answer:
FALSE
Topic:
RealGDPGrowthintheWorldEconomy
Skill:
Recognition
AACSB:
ReflectiveThinking
5）BecausetheUnitedStatesisadevelopedeconomy,everyothercountryiscatchinguptothelevelof
升级会员 