宏观经济学习题练习

更新时间:2023-08-09 11:21:22 阅读：评论：0

Exerci and answer

Note: The are bad on Principle of Macroeconomics, helping to understand basic concepts. Some contents such as tho of Chap 7, 8, 10, may not be covered here.

For your final review, plea aid also with questions and problems of the Macroeconomics textbook.

Multiple Choice

Identify the choice that best completes the statement or answers the question.

____ 1. Suppo that an apartment complex converts to a condominium where the renters are now owners of their former apartments. Suppo that an estimate of the value of the condominium owners' housing rvices is now the same as their former rent.

a.	GDP necessarily increas.
b.	GDP necessarily decreas.
c.	GDP is unaffected becau neither the rent nor the estimate of the value of housing rvices is included in GDP.
d.	GDP is unaffected becau previously rent was included in GDP, and now it is replaced by the estimate of the value of housing rvices.

____ 2. GDP

business objects

意义英文

a.	includes the value of intermediate goods so we can get a measure of sales.
b.	excludes the value of intermediate goods becau they are too difficult to measure.
c.	excludes the value of intermediate goods becau their value is already counted in the value of final goods.
d.	None of the above are correct.

____ 3. Which of the following is included in U.S. GDP?

a.	goods produced by foreign citizens working in the United States
b.	the difference in the price of the sale of an existing home and its original purcha price
c.	known illegal activities
d.	None of the above are correct.

____ 4. A firm produces consumer goods and adds some to inventory in the third quarter. In the fourth quarter the firm lls the goods at a retail outlet which leaves their inventory diminished. As a result of the actions, what component(s) of real GDP change in the fourth quarter?

a.	only investment and it decreas.
b.	only consumption and it increas.
c.	Investment decreas and consumption increas.
d.	None of the above is correct.

____ 5. Which of the following is included in the investment component of GDP?

a.	purchas of newly constructed homes
b.	faintlypurchas of foreign capital goods such as industrial equipment
c.	changes in inventory
d.	All of the above are correct.

____ 6. Which of the things would NOT be included in the components listed after them?

a.	Ruth buys a motorcycle made in Japan to ride on her weekends off-U.S. consumption and U.S. import.
b.	esl课程Shirley owns her own home which has an estimated rental value-U.S. consumption.
c.	Beverly buys a newly issued stock in a U.S. corporation-U.S. investment.
d.	llol Samantha produces some art work but doesn't ll them all in the current quarter and so adds them to her inventory-investment.

rythem

____ 7. If in a given year an economy has consumption of $3000, investment of $2000, government purchas of $1500, exports of $500, imports of $600, taxes of $1200, transfer payments of $400, and depreciation of $300, then GDP will equaljbc

a.	$6400.
b.	$7000.
c.	$7600.
d.	$8900.
e.	$9500.

____ 8. Which statement reprents most correctly the relationship between nominal GDP and real GDP?

a.	Nominal GDP measures ba-year production using ba-year prices, while real GDP measures current production using current prices.
b.	Nominal GDP measures current production using ba-year prices, while real GDP measures current production using current prices.
c.	Nominal GDP measures current production using current prices, while real GDP measures current production using ba-year prices.
d.	Nominal GDP measures current production using current prices, while real GDP measures ba-year production using ba-year prices.

____ 9. The GDP deflator can be ud to identify the

a.	increa in nominal GDP that is due to an increa in prices rather than an increa in production.
b.	increa in real GDP that is due to an increa in prices rather than an increa in production.
c.	increa in the cost of living for typical U.S. consumers.
d.	reduction in government spending required to balance the federal budget.

____ 10. The information below was reported by the World Bank. On the basis of this information, which list below contains the correct ordering of GDP per person from highest to lowest?

Country	Nominal GDP 2000	Population 200
Japan	$4,800,000 million	127 million
Switzerland	$240,000 million	7.2 million
United States	$9,800,000 million	280 million

克莱尔丹尼斯

建筑税票a.	Japan, Switzerland, United States
b. wavin flag	Japan, United States, Switzerland
c.	United States, Switzerland, Japan
d.	United States, Japan, Switzerland

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