一、选择题 (每小题 1 分，共 30 分)
1．The government reports that "GDP incread by 1.6 percent in the last quarter." This statement means that GDP incread旅游网络营销
a. by 6.4 percent for the year.
b. at an annual rate of 6.4 percent during the last quarter.
学生会权益部 c. at an annual rate of 1.6 percent during the last quarter.
d. at an annual rate of .4 percent during the last quarter.
2．A Brazilian company produces soccer balls in the United States and exports all of them. If the price of the soccer balls increas, the GDP deflator
函数最小值 a. and the CPI both increa.
b. is unchanged and the CPI increas.
c. increas and the CPI is unchanged.
d. and the CPI are unchanged.
3．The price of CD players increas dramatically, causing a 1 percent increa in the CPI. The price increa will most likely cau the GDP deflator to increa by
a. more than 1 percent.
b. less than 1 percent.
c. 1 percent.
d. It is impossible to make an informed guess without more information.
4．A nation's standard of living is measured by its
a. real GDP.
b. real GDP per person.
c. nominal GDP.
d. nominal GDP per person.
5．In 2002 President Bush impod restrictions on imports of steel to protect the U.S. steel industry.
a. This is an inward-oriented policy which most economists believe have adver effects on growth.
b. This is an inward-oriented policy which most economists believe have beneficial effects on growth.
c. This is an outward-oriented policy which most economists believe have adver effects on growth.
d. This is an outward-oriented policy which most economists believe have beneficial effects on growth.
6．Generally when economists and the text talk of the "interest rate," they are talking about the
a. real interest rate.
b. current nominal interest rate.
c. real interest rate minus the inflation rate.
d. equilibrium nominal interest rate.
7．An increa in the budget deficit
a. makes investment spending fall.
b. makes investment spending ri.
c. does not affect investment spending.
d. may increa, decrea, or not affect investment spending.
8．Norne Corporation is considering building a new plant. It will cost them $1 million today to build it and it will generate revenues of $1,121 million three years from today. Of the interest rates below, which is the highest interest rate at which Norne would still be willing to build the plant?
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a. 3 percent
b. 3.5 percent
c. 4 percent
d. 4.5 percent
9．Recent entrants into the labor force account for about
a. 1/2 of tho who are unemployed. Spells of unemployment end about 1/5 of the time with people leaving the labor force.
b. 1/3 of tho who are unemployed. Spells of unemployment end about 1/2 of the time with people leaving the labor force.
c. 1/4 of tho who are unemployed. Spells of unemployment end about 1/2 of the time with people leaving the labor force.
卡纸做花朵 d. 1/4 of tho who are unemployed. Spells of unemployment end about 1/5 of the time with people leaving the labor force
10．Which of the following best illustrates the unit of account function of money?
a. You list prices for candy sold on your Web site, , in dollars.
b. You pay for your WNBA tickets with dollars.
c. You keep $10 in your backpack for emergencies.
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d. None of the above is correct.
11．Current U.S. currency is
a. fiat money with intrinsic value.
b. fiat money with no intrinsic value.
c. commodity money with intrinsic value.
d. commodity money with no intrinsic value.
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12．Velocity in the country of Shem is always stable. In 2002, the money supply was $200 billion and the GDP price deflator was four times as high as it was in the ba year. In 2003, the money supply incread to $240 billion, the price level incread by 15 percent, and nominal GDP equaled $1,200 billion. By how much did real GDP increa between 2002 and 2003?
a. 20 percent
b. 4.35 percent
c. 2.17 percent
d. There is not enough information to answer the question.
13．Shoeleather costs refer to
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a. the cost of more frequent price changes induced by higher inflation.
b. the distortion in resource allocation created by distortions in relative prices due to inflation.
c. resources ud to maintain lower money holdings when inflation is high.
d. the distortion in incentives created by inflation by taxes that do not adjust for inflation.
