宏观经济学(曼昆第版配套习题Word文档格式.doc
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c. findsthatitsstandardoflivingisnotaffected.
d. canoffsettheeffectsofrisingpricesbysavingmore.
a. hastospendmoredollarstomaintainthesamestandardofliving.
3. Theconsumerpriceindexisusedto
a. trackchangesinthelevelofwholesalepricesintheeconomy.
b. monitorchangesinthecostofliving.
c. monitorchangesinthelevelofrealGDP.
d. trackchangesinthestockmarket.
b. monitorchangesinthecostofliving.
4. Theterm“inflation”isusedtodescribeasituationinwhich
a. theoveralllevelofpricesintheeconomyisincreasing.
b. incomesintheeconomyareincreasing.
c. stock-marketpricesarerising.
d. theeconomyisgrowingrapidly.
a. theoveralllevelofpricesintheeconomyisincreasing.
5. Whentheoveralllevelofpricesintheeconomyisincreasing,wesaythattheeconomyisexperiencing
a. economicgrowth.
b. inflation.
c. unemployment.
d. deflation.
b. inflation.
6. Theinflationrateisdefinedasthe
a. pricelevel.
b. changeinthepricelevel.
c. priceleveldividedbythepricelevelinthepreviousperiod.
d. percentagechangeinthepricelevelfromthepreviousperiod.
d. thepercentagechangeinthepricelevelfromthepreviousperiod.
7. TheCPIisameasureoftheoverallcostof
a. inputspurchasedbyatypicalproducer.
b. goodsandservicesboughtbyatypicalconsumer.
c. goodsandservicesproducedintheeconomy.
d. stocksontheNewYorkStockExchange.
b. goodsandservicesboughtbyatypicalconsumer.
11.1
8. WhichofthefollowingagenciescalculatestheCPI?
a. theNationalPriceBoard
b. theDepartmentOfWeightandMeasurements
c. theBureauofLaborStatistics
d. theCongressionalBudgetOffice
c. theBureauofLaborStatistics
9. TheCPIiscalculated
a. weekly.
b. monthly.
c. quarterly.
d. yearly.
b. monthly.
10. WhatisthebasketofgoodsusedtoconstructtheCPI?
a. arandomsampleofallgoodsandservicesproducedintheeconomy
b. thegoodsandservicestypicallyboughtbyconsumers,accordingtoBureauofLaborStatisticssurveys
c. goodsandservicesweightedbytheratioofexpendituresonthemrelativetotheconsumptioncomponentofGDP
d. theleastandthemostexpensivegoodsandservicesineachmajorcategoryofconsumerexpenditures
b. thegoodsandservicestypicallyboughtbyconsumers,accordingtoBureauofLaborStatisticssurveys
11. WhichgoodsaresupposedtobeincludedintheCPI?
a. allgoodsandservicesproducedintheeconomy
b. allgoodsandservicesthattypicalconsumersbuy
c. allgoodsandservicesintheconsumptioncomponentoftheGDPaccounts
d. allthegoods,butnottheservices,intheconsumptioncomponentoftheGDPaccounts
b. allgoodsandservicesthattypicalconsumersbuy
12. IntheCPI,goodsandservicesareweightedaccordingto
a. howmuchconsumersbuyofeachitem.
b. whetherthegoodsandservicesarenecessitiesorluxuries.
c. thelevelsofproductionofthegoodsandservicesinthedomesticeconomy.
d. bytheexpendituresonthemintheGDPnationalincomeaccounts.
a. howmuchconsumersbuyofeachitem.
13. HowaretheweightsonthevariousgoodsandservicesintheCPIbasketdetermined?
a. Allgoodsandservicesareweightedequally.
b. Asurveyisconductedtodeterminehowmuchofeachgoodandservicetypicalconsumerspurchase.
c. theweightsequaltheratioofexpendituresoneachgoodorservicedividedbythetotalconsumptionexpendituresintheGDPaccounts.
d. Eachgoodandserviceisweightedaccordingtoitsprice.
b. Asurveyisconductedtodeterminehowmuchofeachgoodandservicetypicalconsumerspurchase.
14. Thestepsinvolvedincalculatingtheconsumerpriceindexinclude,inorder:
a. chooseabaseyear,fixthebasket,computetheinflationrate,computethebasket’scost,andcomputetheindex.
b. chooseabaseyear,findtheprices,fixthebasket,computethebasket’scost,andcomputetheindex.
c. fixthebasket,findtheprices,computethebasket’scost,chooseabaseyearandcomputetheindex.
d. fixthebasket,findtheprices,computetheinflationrate,chooseabaseyearandcomputetheindex.
c. fixthebasket,findtheprices,computethebasket’scost,chooseabaseyear,andcomputetheindex.
Usethetablebelowtoanswerthefollowingtwoquestions.
year
peaches
pecans
2000
$11perbushel
$6perbushel
2001
$9perbushel
$10perbushel
15. Supposethatthetypicalconsumerbasketconsistsof10bushelsofpeachesand15bushelsofpecansandthatthebaseyearis2000.Whatistheconsumerpriceindexfor2001?
a. 100
b. 120
c. 200
d. 240
b. 120
2SECTION:
16. Whatwastheinflationratein2001?
a. 20percent
b. 16.7percent
c. 10percent
d. 8percent
a. 20percent
priceofpork
priceofcorn
2003
$20
$20
2004
$30
17. SupposethatthebasketofgoodsintheCPIconsistedof3unitsofporkand2unitsofcorn.Whatistheconsumerpriceindexfor2004ifthebaseyearis2003?
b. 105
c. 115
d. 120
d. 120
18. SupposethatthebasketofgoodsintheCPIconsistedof3unitsofporkand2unitsofcorn.Whatistheinflationratefor2004?
a. 33.3percent
b. 25percent
c. 20percent
d. 15percent
c. 20percent
19. ThemarketbasketusedtocalculatetheCPIinAquiloniais4loavesofbread,6gallonsofmilk,2shirtsand2pants.In2001breadcost$1.00perloaf,milkcost$1.50pergallon,shirtscost$6.00eachandpantscost$10.00perpair.In2002breadcost$1.50perloaf,milkcost$2.00pergallon,shirtscost$7.00eachandpantscost$12.00perpair.Whatwastheinflationrate,asmeasuredbytheCPI,forAquiloniabetween2001and2002?
a. 30percent
b. 24.4percent
c. 21.6percent
d. Itisimpossibletodeterminewithoutknowingthebaseyear.
b. 24.4percent
3SECTION:
Usethefollowinginformationtoanswerthenextfourquestions.
InthecountryofShem,theCPIiscalculatedusingamarketbasketconsistingof5apples,4loavesofbread,3robesand2gallonsofgasoline.Theper-unitpricesofthesegoodshavebeenasfollows:
Year
Apples
Bread
Robes
Gasoline
1999
$1.00
$2.00
$10.00
$1.50
$9.00
$11.00
2002
$3.00
$15.00
$2.50
20. Whatwastheinflationrate,asmeasuredbytheCPI,between1999and2000?
a. –8.89percent
b. –7.14percent
c. 3.75percent
a. –8.89percent
21. Whatwastheinflationrate,asmeasuredbytheCPI,between2000and2001?
a. 28.5percent
b. 34.2percent
c. 47percent
b. 34.2percent
22. Whatwastheinflationrate,asmeasuredbytheCPI,between2001and2002?
a. 40percent
b. 40.25percent
c. 46.46percent
a. 40percent
23. FortheCPI,thebaseyearis
a. thebenchmarkagainstwhichotheryearsarecompared,anditchangeseachyear.
b. thebenchmarkagainstwhichotheryearsarecompared,anditchangesoccasionally.
c. theyeartheCPIfirstappeared.
d. always1989.
b. thebenchmarkagainstwhichotheryearsarecompared,anditchangesoccasionally.
24. Foranygivenyear,theCPIisthepriceofthebasketofgoodsandservicesinthe
a. givenyeardividedbythepriceofthebasketinthebaseyear,thenmultipliedby100.
b. givenyeardividedbythepriceofthebasketintheprevious