23章
6. Consider the following data on US GDP:
Nominal GDP GDP Deflator
Year (in billions) (ba year 1996)
2000 9873 118
1999 9269 113
a. What was the growth rate of nominal GDP between 1999 and 2000 ?(Note:The growth rate is the percentage change from one period to the next .)
b. What was the growth rate of the GDP deflator between 1999 and 2000?
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c. What was real GDP in 1999 measured in 1996 prices?
d. What was real GDP in 2000 measured in 1996 prices?
e. What was the growth rate of real GDP between 1999and 2000?
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f. Was the growth rate of nominal GDP higher or lower than the growth rate of real GDP ?Explain.
8. One day Barry the Barber ,Inc.,collect $400 for haircuts .Over this day ,his equipment depreciates in value by $50 .Of the remaining $350 ,Barry nds $30 to the government in sales taxes ,takes home $220in wages ,and retains $100 in his business to add new equipment in the future . from the $220 that Barry takes home , he pays $70 in income taxes .Bad on this information ,compute Barry’s contribution to the following measure of income .
a. gross domestic product
b. net national product
c. personal income
d. disposable personal income
24章
6. The New York Times cost $0.15 in 1970 and $0.75 in 2000.The average wage in manufacturing was $3.36 per hour in 1970 and $14.26 in 1999.
a. By what percentage did the price of a newspaper ri?
b. By what percentage did the wage ri ?
c. In each year , how many minutes does a worker have to work to earn enough to buy a newspaper?
d. Did workers’ purchasing power in terms of newspapers ri or fall?
10. Suppo that a borrower and a lender agree on the nominal interest rate to be paid on the loan .Then inflation turns out to be higher than they both expected .
a. Is the real interest rate on this loan higher or lower than expected ?
b. Does the lender gain or lo from this unexpectedly high inflation ? Does the borrower gain or lo ?
c. Inflation during the 1970s was higher than most people had 演员英语怎么读expected when the dacade began .How did this affect homowners who obtained fixed-rate mortgages during the 1960s?How did affect the banks who lent the money ?
25 章
FDI foreign direct investment
5.Suppo that an auto company owned entirely by German citizens opens a new factory in south Carolina .
a. What sort of foreign investment would this reprent ?
b. What would be the effect of this investment on US GDP ? Would the effect on US GNP be larger or smaller ?
26 章
5. Explain the difference between saving and investment as defined by a macroeconomist. Which of the following situations reprent investment ? Saving ? Explain.
a. Your family takes out a mortgage and buys a new hou .
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b. You u your $200 paycheck to buy stock in AT&T.木已成舟
c. Your roommate earns $100 and deposits it in her account at a bank .
d. You borrow $1000from a bank to buy a car to u in your pizza delivery business.
8.Suppo GDP is $8 trillion ,taxes are $1.5 trillion , private saving is $0.5 trillion ,and public saving is $0.2 trillion . Assuming this economy is clod ,calculate consumption , government purchas , national saving ,and investment .
27 章
3. For each of the following kinds of insurance ,give an example of behavior that can be called moral hazard and another example of behavior that can be called adver lection .
a. health insurance b. car insurance
28 章
Frictional unemployment efficiency wages
6. Are the following workers more likely to experience short-term or long-term unemployment ?Explain.
a. a construction worker laid off becau of bad weather
b. a manufacturing worker who los her job at a plant in an isolated area
c. a stagecoach-industry worker laid off becau of competition from railroads
d.今天下午的英文 a short-order cook who los his job when a new restaurant opens across the street
e. an expert welder with little formal education who los her job when the company installs automatic welding machinery
29 章
Rerves money multiplier
11. The economy of Elmendyn contains 2000 $1 bills .
a. If people hold all money as currency , what is the quantity of money ?
b. If people hold all money as demand deposits and banks maintain 100 percent rerves , what is the quantity of money ?小学美术教学设计
c. If people hold equal amounts of currency and demand deposit and banks maintain 100 percent rerves , what is the quantity of money ?
d. If people hold all money as demand deposits and banks maintain a rerve ratio of 10 percent ,what is the quantity of money ?
