一、(每小题 分,共 分)水体计算
一、选择题(本题包含30小题,每题?分,共?分)
1.Robert works as a lawyer.
a. GDP computations should be made using his income from providing legal rvices, not his production of legal rvices.
b. GDP computations should be made using his production, not his income from providing legal rvices.
c. GDP computations should include both his income and his production.
d. GDP computations should include either his income or his production, but not both.
2.The steps involved in calculating the consumer price index include, in order:
a. choo a ba year, fix the basket, compute the inflation rate, compute the basket's cost, and compute the index.
b. choo a ba year, find the prices, fix the basket, compute the basket's cost, and compute the index.
c. fix the basket, find the prices, compute the basket's cost, choo a ba year and compute the index.
d. fix the basket, find the prices, compute the inflation rate, choo a ba year and compute the index.
3.A German automobile company produces cars in the United States, some of which are exported to other nations. If the price of the cars increas, the GDP deflator
a. and the CPI will both increa.
b. will increa and the CPI will be unchanged.
c. will be unchanged and the CPI will increa.
d. and the CPI will both be unchanged.
4个人网页设计.Suppo that there are diminishing returns to capital. Suppo also that two countries are the same except one has less capital and so less real GDP per person than the other. Finally, suppo that the saving rate in both countries increas from 5 percent to 6 percent. Over the next ten years we would expect that
a. the growth rate will not change in either country.
b. the country with less capital will grow faster.
c. the country with more capital will grow faster.
什么地听 d. both countries will grow at the same rate.
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5.Real GDP per person
a. minus real GDP per person from the previous period equals the growth rate of real GDP per person.
b. provides more meaningful comparisons across time and countries than real GDP.
c. is population divided by GDP.
d. All of the above are correct.
6.Which of the following is correct?
a. Lenders ll bonds and borrowers buy them.
b. Long-term bonds usually pay a lower interest rate than do short-term bonds becau long-term bonds are riskier.
c. Junk bonds refer to bonds that have been resold many times.
d. None of the above are correct.
7.Municipal bonds pay a
a. low rate of interest becau of their high-default risk and becau the interest they pay is subject to federal income tax.
b. low rate of interest becau of their low-default risk and becau the interest they pay is not subject to federal income tax.
c. high rate of interest becau of their high-default risk and becau federal taxes must be paid on the interest they pay.
d. high rate of interest becau of their low-default risk and becau the interest they pay is not subject to federal income tax.
8.Which of the following games might a risk-aver person be willing to play?
a. A game where she has a 50 percent chance of winning $1 and a 50 percent chance of losing $1.
b. A game where she has a 60 percent chance of winning $1 and a 40 percent chance of losing $1.
c. Both of the above.
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d. Neither of the above.
9.The BLS recently reported that there were 48.6 million people over age 25 who had at least a bachelor's degree. Of this number, 38.0 million were in the labor force and 36.9 million were employed. What was the labor-force participation rate and the unemployment rate for this group?
a. about 97 percent and about 2.9 percent
b. about 97 percent and about 2.3 percent
c. about 78 percent and about 2.9 percent
d. about 78 percent and about 2.3 percent
10.Money market mutual funds are included in
a. M1 but not M2.
b. M1 and M2.
c. M2 but not M1.
d. neither M1 or M2.
11.U the balance sheet for the following question.
油炸薯条Last Bank of Cedar Bend
Asts Liabilities
Rerves $25,000 Deposits $150,000
Loans $125,000
If the rerve requirement is 20 percent, this bank
a. has $10,000 of excess rerves
b. needs $10,000 more of rerves to meet its rerve requirements.
c. needs $5,000 more of rerves to meet its rerve requirements.
d. just meets its rerve requirement.
12.Arnold puts money into an account. One year later he checks and es that he has 5 percent more dollars and that his money will buy 6 percent more goods.