宏观经济学课件 OBlanchard Macroeconomics 6th chapter 10.docx

宏观经济学课件 OBlanchard Macroeconomics 6th chapter 10.docx

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宏观经济学课件OBlanchardMacroeconomics6thchapter10

Macroeconomics,6e（Blanchard/Johnson）

Chapter10:

TheFactsofGrowth

10.1MultipleChoiceQuestions

1）Ofthefollowing,themostoftenusedmeasureofchanginglivingstandardsis

A）thegrowthrateofnominalGDP.

B）thegrowthrateofrealGDP.

C）thegrowthrateofnominalGDPpercapita.

D）thegrowthrateofrealGDPpercapita.

E）unemploymentpercapita.

Answer:

D

Diff:

1

2）Overthelasthundredyears,

A）movementsinoutputduetorecessionsandrecoveriesdominatethemovementcausedbylong-rungrowth.

B）outputhasdecreasedinasmanyyearsasithasincreased.

C）U.S.outputhasapproximatelydoubled.

D）alloftheabove

E）noneoftheabove

Answer:

E

Diff:

1

3）SupposeindividualswishtoobtainthemostaccuratecomparisonoflivingstandardsbetweentheCanadaandSaudiArabia.Todoso,onewouldconvertSaudiArabianoutputintodollarsusing

A）thecurrentnominalexchangerate.

B）thecurrentrealexchangerate.

C）theprioryear'srealexchangerate.

D）anaverageofthelastfiveyears'exchangerates.

E）purchasingpowerparitymethods.

Answer:

E

Diff:

1

4）Usingcurrentexchangerates,theU.S.standardoflivingisranked

A）higherthanitwouldbeunderthepurchasingpowerparitymethod.

B）lowerthanitwouldbeunderthepurchasingpowerparitymethod.

C）numberoneintheworld.

D）amongthelowestintheworld.

E）noneoftheabove

Answer:

B

Diff:

1

5）Ifoutputpercapitagrowsbyaconstant6%peryear,thenthestandardoflivingwouldgrowbyabout________over3years.

A）12%

B）17%

C）18%

D）19%

E）20%

Answer:

D

Diff:

1

6）WhichofthefollowingisamainconclusionaboutgrowthforOECDcountriesandthefourrichcountriesexaminedinthechapter?

A）therehasbeenalargeincreaseinthestandardoflivingsince1950.

B）thegrowthrateshavedecreasedsincethemid-1970s.

C）therehasbeenaconvergenceofoutputpercapitasince1950.

D）alloftheabove

E）noneoftheabove

Answer:

D

Diff:

1

7）WhichofthefollowingbestcharacterizestheeconomicgrowthforOECDcountriessincethemid-1970s?

A）growthhascometoacompletehalt.

B）growthhassloweddown.

C）growthhasnotchangedsincethe1950sand1960s.

D）growthhasincreasedslightly.

E）growthhasincreaseddramatically.

Answer:

B

Diff:

1

8）Between1950and2004,standardsoflivingintheOECDcountries

A）didnotchangeatall.

B）wereconverging.

C）allincreasedatthesamerate.

D）decreasedatthesamerate.

E）decreased,butatdifferentrates.

Answer:

B

Diff:

1

9）IntheOECDcountries,thereisanegativerelationshipbetweenoutputpercapitain1950and

A）growthsince1950.

B）outputpercapitainthe1990s.

C）distancefromtheequator.

D）population.

E）noneoftheabove

Answer:

A

Diff:

2

10）Overthelasthalf-century,whichofthefollowingcountrieshashadthehighestgrowthrateofoutputpercapita?

A）Japan

B）France

C）UnitedKingdom

D）UnitedStates

Answer:

A

Diff:

1

11）Whenswitchingfromthe"currentexchangerate"methodtothe"purchasingpowerparity"method,India'sstandardoflivingindollars

A）decreases.

B）remainsessentiallythesame.

C）rises,butstillremainsfarbelowthatoftheU.S.

D）risesalmosttotheleveloftheU.S.

E）leapfrogsoverthatoftheU.S.

Answer:

C

Diff:

2

12）Whichofthefollowingcountrieshadthehighestlevelofoutputpercapitain1950?

A）UnitedStates

B）France

C）Japan

D）UnitedKingdom

Answer:

A

Diff:

1

13）Whichofthefollowingcountrieshadthelowestlevelofoutputpercapitain1950?

A）UnitedStates

B）France

C）Japan

D）UnitedKingdom

Answer:

C

Diff:

1

14）Whichofthefollowingcountriesexperiencedthelowestlevelofoutputpercapitain2009?

A）UnitedStates

B）France

C）Japan

D）UnitedKingdom

Answer:

B

Diff:

1

15）"Leapfrogging"refersto

A）thetypicalirregularpatternofgrowth:

rapidinsomedecades,andalmostnon-existentinothers.

B）thetendencyforacountry'soutputpercapitatocatchupto,andthenexceed,thatofanothercountry.

C）"one-upsmanship"bypoliticianswhousegrowthstatisticstohelpwinelections.

D）theincreasedlikelihoodthatacountrywithveryhighgrowthwillhavearecession,duringwhichsomeothercountrywillhavethehighestgrowthrate.

E）theinterchangeabilityofcapitalandlaborintheaggregateproductionfunction.

Answer:

B

Diff:

1

16）"Convergence"hasbeenoccurringamongtheOECDcountriesbecause

A）therichercountriesgiveawaymoreoftheiroutputthanthepoorerones.

B）thepoorercountrieshavehadhighergrowthratesthanthericherones.

C）therichercountrieshavehadhighergrowthratesthanthepoorerones.

D）thepoorercountrieshavehadpositivegrowthrates,whilethericheroneshavehadnegativegrowthrates.

E）theproceduresformeasuringoutputpercapitahavebeenchanging.

Answer:

B

Diff:

1

17）Forthisquestion,assumethattherearedecreasingreturnstocapital,decreasingreturnstolabor,andconstantreturnstoscale.Nowsupposethatbothcapitalandlabordecreaseby5%.Giventhisinformation,weknowthatoutput（Y）will

A）notchange.

B）decreasebylessthan5%.

C）decreaseby5%.

D）thereductioninYwillbemorethan5%butlessthan10%

E）noneoftheabove

Answer:

C

Diff:

2

18）Forthisquestion,assumethattherearedecreasingreturnstocapital,decreasingreturnstolabor,andconstantreturnstoscale.Areductioninthecapitalstockwillcausewhichofthefollowing?

A）areductioninoutput

B）nochangeinoutput

C）anincreaseinoutputpercapita

D）increasethecapital-laborratio

E）noneoftheabove

Answer:

A

Diff:

1

19）Forthisquestion,assumethattheproductionfunctionexhibitsthesamecharacteristicsasthosepresentedinthetextbook.Basedonthesecharacteristics（i.e.,assumptions）,successiveandequalincreasesincapitalperworkerwillcausewhichofthefollowingtooccur?

A）outputperworkerwilldecline.

B）outputperworkerwillnotchange.

C）outputperworkerwillincreasebyaconstantamount.

D）outputperworkerwillincreasebyalargeramount.

E）noneoftheabove

Answer:

A

Diff:

2

20）Whichofthefollowingwillcauseareductioninoutputperworkerinthelongrunrun?

A）capitalaccumulationortechnologicalprogress

B）capitalaccumulation

C）anincreaseinthenumberofworkers

D）expansionarymonetarypolicy

E）noneoftheabove

Answer:

C

Diff:

2

21）Forthisquestion,assumethatacountryexperiencesapermanentincreaseinitssavingrate.Whichofthefollowingwilloccurasaresultofthisincreaseinthesavingrate?

A）apermanentlyfastergrowthrateofoutput

B）apermanentlyhigherlevelofoutputpercapita

C）apermanentlyhigherlevelofcapitalperworker

D）alloftheabove

E）bothBandC.

Answer:

E

Diff:

2

22）Forthisquestion,assumethatacountryexperiencesapermanentreductioninitssavingrate.Whichofthefollowingwilloccurasaresultofthisreductioninthesavingrate?

A）apermanentlyslowergrowthrateofoutput.

B）nopermanenteffectonthelevelofoutputpercapita.

C）apermanentlylowerlevelofoutputperworker.

D）bothAandB

E）bothBandC

Answer:

C

Diff:

2

23）Whenusingalogarithmicscaletoplotoutputpercapitaovertime,anupward-slopingcurvethatbecomesincreasinglysteepindicates

A）outputpercapitaisnotchanging.

B）outputpercapitaisgrowingbyaconstantamounteachyear.

C）outputpercapitaisgrowingbyaconstantpercentageeachyear.

D）outputpercapitaisgrowingbyanincreasingpercentageeachyear.

E）outputpercapitaisnotdefined.

Answer:

D

Diff:

2

24）Anupward-slopingstraightlineonalinearscalewillbecomea（an）________onalogarithmicscale.

A）upwardslopingstraightline

B）upwardslopingcurvethatgetscontinuallysteeper.

C）upwardslopingcurvethatgetscontinuallyflatter.

D）horizontalline.

E）downwardslopingstraightline.

Answer:

C

Diff:

2

25）Whichofthefollowingmustoccurtosustaineconomicgrowthinthelongrun?

A）technologicalprogress

B）capitalaccumulation

C）ahighersavingrate

D）alloftheabove

Answer:

A

Diff:

2

26）Whichofthefollowingcountrieshadthehighestrateofgrowthofoutputpercapitabetween1950and2009?

A）UnitedStates

B）France

C）Japan

D）UnitedKingdom

Answer:

C

Diff:

2

27）By2009,whichofthefollowingcountrieshadthehighestlevelofrealoutputpercapita?

A）UnitedStates

B）France

C）Japan

D）UnitedKingdom

Answer:

A

Diff:

1

28）ResearchbyRichardLayardindicatesthatanincreaseinacountry'slevelofoutputpercapitawill

A）alwaysincreasehappinessinthatcountry.

B）alwaysdecreasehappinessinthatcountry.

C）generallyhavenoeffectonhappinessinthatcountry.

D）increasehappinessinthatcountryifoutputpercapitaisrelativelylow.

Answer:

D

Diff:

2

29）ResearchbyRichardLayardindicatesthathappiness

A）increasesasoutputpercapitaincreases.

B）decreasesasoutputpercapitaincreases.

C）doesnotchangeasoutputpercapitachanges.

D）appearstodependonpeople'srelativeincomes.

Answer:

D

Diff:

2

30）Giventhebroadestinterpretationoftechnology,technologywillincludewhichofthefollowing?

A）howwellfirmsarerun

B）theorganizationandsophisticationofmarkets

C）thepoliticalenvironment

D）thelistofblueprintsdefiningthetypesofproductsandthetechniquesavailabletoproducethem

E）alloftheabove

Answer:

E

Diff:

1

31）Giventhenarrowinterpretationoftechnology,technologywillincludewhichofthefollowing?

A）howwellfirmsarerun

B）theorganizationandsophisticationofmarkets

C）thepoliticalenvironment

D）noneoftheabove

Answer:

D

Diff:

1

32）Supposetherear