1、第一單元An American company owns a fast-food store in Lima, Peru. The value of the goods and services produced in the storea. are included in both Peruvian GDP and U.S. GDP.b. are included partly in Peruvian GDP and partly in U.S. GDP.c. are included in U.S. GDP, but not Peruvian GDP.d. are included in

2、Peruvian GDP, but not U.S. GDP.e. none of the above1. In order to include many different goods and services in an aggregate measure, GDP is computed using, primarily,a. values of goods and services based on surveys of con sumers.b. market prices.c. c on sumer and producer surpluses.d. costs of produ

3、c ing goods and services.2. Igor and Natalia have each been doing their own housework. Igor decides to hire Natalia to do his housework, and in turn, Natalia hires Igor to do her housework. As a result of this cha nge,a. GDP falls.b. GDP rises.c. GDP is unaffected because housework is not included i

4、n GDP.d. GDP is unaffected because the same work is being performed in both cases.3. Which of the follow ing is an example of double coun ti ng?a. errors made in adding together the value of all final goods and services to measure GDPb. adding the market value of the wood used to produce a house to

5、the market value of the house in measuri ng GDPc. adding the change in inventories to GDPd. All of the above are examples of double counting.4. Over the last few decades, America ns have chose n to cook less at home and eat more at restaura nts. This cha nge in behavior, by itself, hasa. reduced mea

6、sured GDP.b. not affected measured GDP.c. i ncreased measured GDP only to the exte nt that the value of the restaura nt meals exceeded the value of meals previously cooked at home.d. i ncreased measured GDP by the full value of the restaura nt meals.5。Grapes area. always coun ted as an in termediate

7、 good.b. co un ted as an in termediate good on ly if they are used to produce ano ther good, such as wine.c. co un ted as an in termediate good only if they are con sumed.d. co un ted as an in termediate good, whether they are used to produce ano ther good or con sumed.6。A steel company sells some s

8、teel to a bicycle company for $150. The bicycle company uses the steel to produce a bicycle, which it sells for $250. Take n together, these two tran sacti ons con tributea. $150 to GDP.b. $250 to GDP.c. betwee n $250 and $400 to GDP, depe nding on the profit earned by the bicycle company when it so

9、ld the bicycle.d. $400 to GDP.1. If a U.S. citizen buys a tractor made in Belarus,a. U.S. net exports decrease, and U.S. GDP decreases.b. U.S. net exports are unaffected, and U.S. GDP decreases.c. U.S. net exports are unaffected, and U.S. GDP is unaffected.d_ U.S. net exports decrease but U.S. GDP i

10、s unaffected.2. Which of the followi ng represe nts a tran sfer payme nt?a. the government sends your grandfather his social security check.b. you transfer $1,000 from your bank account to a mutual fund.c. the bank transfers $10 quarterly interest to your savings acco unt.d. your employer automatica

11、lly tran sfers $100 each mon th from your pay to a non-taxable medical spe nding acco unt.3. You send a gift of $500 to your brother in Montana. When it is received,a. GDP in creases because the $500 represe ntsi ncome to your brother.b. GDP decreasesbecause the $500 representsa reduction in your in

12、 come.c. GDP is unaffected because the $500 represents a transfer, not a purchase.d. GDP in creases because your brother will probably spe nd it.4. Goods that go into inventory and are not sold during the current period area. co un ted as in termediate goods and so are not in eluded in curre nt peri

13、od GDP.b. counted in current period GDP only if the firm that produced them sells them to ano ther firm.c. i ncluded in curre nt period GDP as inven tory inv estme nt.d. i ncluded in curre nt period GDP as con sumptio n.5。A good is produced by a firm in 2007, added to the firm s inven tory in 2007,

14、and sold to a household in 2008. As a result, on n et,a. 2007 GDP in creased and 2008 GDP decreased.b. 2007 GDP decreased and 2008 GDP in creased.c. 2007 GDP did not cha nge and 2008 GDP in creased.d. 2007 GDP in creased and 2008 GDP did n ot cha nge.6。Unemployment compensation isa. part of GDP beca

15、use it represe nts in come.b. part of GDP because the recipie nts must have worked in the past to qualify.c. not part of GDP because it is a tran sfer payme nt.d. not part of GDP because the payme nts reduce bus in ess profits.1。Changes in real GDP reflecta. only cha nges in prices.b. only cha nges

16、in the amounts being produced.c. both changes in prices and changes in the amounts being produced.d. neither changes in prices nor changes in the amounts being produced.2。If nominal GDP doubles and the GDP deflator doubles, then real GDPa. remai ns con sta nt.b. doubles.c. triples.d. quadruples.3。In

17、 the economy of Wrexington in 2008, real GDP was $5 trillionand the GDP deflator was 200. What was Wrexington s nominalGDP in 2008?a. $2.5 trillio nb. $10 trillio nc. $40 trillio nd. $100 trillion4。In the economy of Wrexington in 2008, nominal GDP was $20 billion and the GDP deflator was 50. What wa

18、s Wrexington s real GDP in 2008?a. $2.5 billio nb. $10 billio nc. $40 billio nd. $100 billio n5。A country reported a nominal GDP of $115 billion in 2008 and $125 billion in 2007. It also reported a GDP deflator of 85 in 2008 and 100 in 2007. Between 2007 and 2008,a. real output and the price level b

19、oth rose.b. real output rose and the price level fell.c. real output fell and the price level rose.d. real output and the price level both fell.第二單元1. In the calculation of the CPI, coffee is given greater weight 權(quán)重 than tea ifAcon sumers buy more coffee tha n tea.B. the price of coffee is higher th

20、an the price of tea.C. it costs more to produce coffee than it costs to produce tea.D. coffee is more readily available than tea is to the typical con sumer.2. Suppose a basket of goods and services has been selected to calculate the CPI and 2002 has bee n selected as the base yearl n 2002, the bask

21、e s cost was $50; in 2004, the baskef s cost was $52; and in 2006, the baskef s cost was $54.60. The value of the CPI in 2006 wasA. 91.6.B. 104.6.Q109.2.D. 154.6.3. If the CPI was 110 this year and 100 last year, the nA. the cost of the CPI basket of goods and services in creased by110 perce nt this

22、 year.B. the price level in creased by 10 perce nt this year.C. the inflation rate for this year was 10 percent higher than the inflation rate for last year.D. All of the above are correct.4. Because the CPI is based on a fixed basket of goods, substitution bias causes the in dex toa. overstate the

23、in crease in the cost of liv ing from one year to the n ext.b. ignore any in crease in the cost of livi ng from one year to then ext.c. un derstate the in crease in the cost of livi ng from one year to the n ext.d. sometimes un derstate, and sometimes overstate the in crease in the cost of living fr

24、om one year to the next.5. Suppose lawn mowers are part of the market basket used to compute the CPI. Suppose also that the quality of law n mowers improves while the price of law n mowers stays the same. If the Bureau of Labor Statistics is able to precisely adjust the CPI for the improveme nt in q

25、uality, the n, other things equal,A. the CPI will rise.B. the CPI will fall.相當(dāng)于美元升值C. the CPI will stay the same.D. law n mowers will no Ion ger be in cluded in the market basket.1. A Japa neseautomobile compa ny produces cars in the Un itedStates, some of which are exported to other nations. If the

26、 price of the cars in creases,a. the GDP deflator and the CPI will both in crease.b. the GDP deflator will in crease and the CPI willbe unchanged.c. the GDP deflator will be unchanged and the CPIwill in crease.d. the GDP deflator and the CPI will both be unchanged.2. A Brazilian company produces shi

27、rts in the United States and exports all of them to Lithuania. If the price of the shirts in creases,a. the GDP deflator and the CPI both in crease.b. the GDP deflator is un cha nged and the CPI in creases.c. the GDP deflator in creases and the CPI is un cha nged.d. the GDP deflator and the CPI are

28、unchanged.3. A decrease in the price of domestically produced nuclear reactors 沒有被民眾消費 will be reflected ina. both the GDP deflator and the consumer price index.b. neither the GDP deflator nor the consumer price index.the GDP deflator but not in the consumer price index.d. the consumer price index b

29、ut not in the GDP deflator.4. The price of DVD players in creases dramatically, caus ing a 1 perce nt in crease in the CPI. The price in crease will most likely cause the GDP deflator to increase b（ CPI 是被高估的）a. more tha n 1 perce nt.b. less tha n 1 perce nt.c. 1 perce nt.d. None of the above is cor

30、rect; this particular price in crease will n ot affect the GDP deflator.1. The nominal in terest rate isa. the interest rate paid or charged by a bank.b. the interest rate as usually reported without a correction for the effects of in flati on.c. a low interest rate.d. all of the above鼻 a _and b abo

31、ve2. If the nominal interest rate is 8% and rate of inflation is 3%, the real in terest rate isa. 11%.b. 24%.c. 5%.d. 3.75%.3. If the nominal interest rate is 5% and the rate of inflation is10%, the real in terest rate isa. 5%.b. 50%.c. 15%d. - 5%.4. The CPI was 120 in 2000 and 132 in 2001. Dorgan b

32、orrowed money in 2000 and repaid the loan in 2001. If the nominal interest rate on the loan was 12 percent, then the real interest rate wasa. 2 perce nt.b. 10 perce nt.c. 12 perce nt.d. 22 perce nt.第三單元1. In a market economy, we know that a resource has become scarcer whe na. its price rises relativ

33、e to other prices.b. it is non-renewable and some of it is used.c. people search for substitutes.d. All of the above are correct.2. Which of the following is an example of a renewable natural resource?a. fishb. soybea nsc. woodd. All of the above are correct.3. If an in expe nsive alter native to oi

34、l were found, the price of oil adjusted for in flati onwould decli ne as the alter native would reduce the dema nd for oil.b. would decli ne as the alter native would reduce the supply of oil.c. would in crease as the alter native would in crease the dema nd for oil.d. would in crease as the alter n

35、ative would in crease the supply of oil.4. The relatio nship betwee n the qua ntity of output created and the qua ntity of in puts n eeded to create it is calledA. the capital accumulati on fun cti on.B. tech no logical kno wledge.Gthe producti on fun cti on.D.huma n capital.5. Thomas Edis on receiv

36、ed pate nts on many of his inven tio ns.While the pate nts existed, his ideas wereA. public goods and proprietary kno wledge.B. public goods but not proprietary 專 利的，私人 擁有的 kno wledge.C. private goods and proprietary kno wledge.D. private goods but not proprietary kno wledge.6. Give n that a country

37、 s real output has in creased, in which of the following cases can we be sure that its productivity also has in creased?A. The total nu mber of hours worked rose.B. The total nu mber of hours worked stayed the same.C. The total nu mber of hours worked fell.D. Both b and c are correct.1. Accumulating

38、 積累，積存 capitalrequires that society sacrifice con sumpti on goods in the prese nt.B. allows society to con sume more in the prese nt.C. decreases sav ing rates.D. i nvo Ives no tradeoffs.2. If a country s saving rate declined, then other things the same, in the long run the country would haveAo wer

39、productivity, but not lower real GDP per pers on.BJower productivity and lower real GDP per pers on.Co wer real GDP per pers on, but n ot lower productivityD.n either lower productivity nor lower real GDP per pers on.3. Suppose Japa nese-based Sony Corporati on builds and operates anew digital camer

40、a factory in the Un ited States. Future producti onfrom such an inv estme nt wouldA. i ncrease U.S. GNP more than it would in crease U.S. GDP.Bin crease U.S. GDP more than it would in crease U.S. GNP.C. not affect U.S. GNP, but would in crease U.S. GDP.D. have no affect o n U.S. GNP or GDP.這道題的答案是不是

41、應(yīng)該是C啊4. In the U.S., each additional year of schooling has historically raised a pers ons wage on average by aboutA. 2 perce nt.B. 5 perce nt.C. 10 perce nt.D. 15 perce nt.5, Which of the followi ng is gen erally an opport unity cost of inv estme nt in huma n capital?A.future job securityBforgone pr

42、ese nt wagesC. i ncreased earning pote ntialD. All of the above are correct.If there are dimi nishi ng returns to capital,a. in creases in the capital stock eve ntually decrease output.b. in creases in the capital stock in crease output by ever smaller amoun ts.c. capital produces fewer goods as it

43、ages.d. new ideas are not as useful as old ideas.s cafeteria3. Which of the following is human capital?a. breakfasts served in a companyb. the exercise equpment in a company s gymc. understanding how to use a company s accounting softwared. All of the above are correct.4. Which of the following is a

44、 part of your Economics professor huma n capital?a. her copy of Mankiw s textb. her chalk holderc. the degree she earned from some prestigious universityd. All of the above are correct.5. The catch-up effect refers to the idea thata. rich countries aid relatively poor countries so as to catchthem up

45、.b. savings will always catch-up with investment spending.c it is easier for a country to grow fast if it starts out relativelypoor.d. if inv estme nt spe nding is low, in creased sav ing will helpinv estme nt to catch-up.6. A rapid in crease in the nu mber of workers is likely toa. raise both real

46、GDP and real GDP per person.b. raise real GDP, but decrease real GDP per person.c. raise real GDP per person, but decrease real GDP.d. decrease both real GDP and real GDP per person.7. An educated pers on might gen erate ideas to in crease producti on.These ideasa. produce exter nal ben efits.b. pro

47、duce a return to society from education that is greater than the retur n to the in dividual.c. could justify government subsides for education.d. All of the above are correct.1. In a closed economy, national saving國民儲蓄 equalsa. investment.b. in come minus the sum of con sumpti on and gover nment exp

48、e nditures.c. private saving plus public saving.d. All of the above are correct.2. Suppose that in a closed economy GDP is equal to 8,000, Taxes are equal to 2,000, Con sumpti on equals 5,000, and Gover nment expenditures equal 1,000. What is national saving?a. 0b. 2000c. 3000d. None of the above ar

49、e correct.3. A budget deficit is created whe n the gover nmenta. buys back more bonds than it issues.b. spends more than it receives in tax revenue.c. receives more tax revenue than it spends.d. None of the above are correct.4. A higher in terest rate in duces people toa. save more, so the dema nd f

50、or loa nable funds slopes upward.b. save less, so the dema nd for loa nable funds slopes dow nward.c. inv est more so the dema nd for loa nable funds slopes upward.d. inv est less so the dema nd for loa nable funds slopes dow nward.5. If the gover nment in creased the tax on in terest in come, inv e

51、stme nta. would rise.b. would be unaffected.c. would fall.d. could rise, fall, or rema in un cha nged.6. A gover nment budget deficita. in creases private sav ings and n atio nal sav ing.b. in creases public sav ings but reduces n ati onal sav ing.c. reduces private sav ing, but in creases n ati ona

52、l sav ing.d. reduces both public and national saving.7. The fall in inv estme nt due to gover nment borrow ing is calleda. the reverse equity premium.b. crowding out.c. the reshuffle effect.d. the Ricardian Principle.第四單元1. The BLS rece ntly reported that there were 45.06 milli on people over age 16

53、 who had at least a bachelorOftsisegjmitoer36.21 million were in the labor force and 35.54 were employed. What was the labor-force participati on rate and the un employme nt rate for this group?a. about 98 percent and 1.49 percentb. about 80 percent and 1.85 percentc. about 79 percent and 1.89 perce

54、ntd. None of the above is correct.2. John is looking for work as a lawyer. He has turned down a couple of jobs to search for a better match. Curtis is an out of work garbage collector. He would work for less than what the jobs he applied for pay.a. Joh n and Curtis are both fricti on ally un employe

55、d.b. John and Curtis are both structurally unemployed.c. John is frictionally unemployed and Curtis is structurally un employed.d. John is structurally unemployed and Curtis is frictionally un employed.3. The n atural un employme nt rate in cludesa. both frictional and structural unemployment.b. nei

56、ther frictional nor structural unemployment.c. structural, but not frictional unemployment.d. fricti on al, but not structural un employme nt.4. People who are unemployed because of job search are best classified asa. cyclically unemployed.b. frictionally unemployed.c. structurally unemployed.d. dis

57、couraged workers.5. Econo mistshave found evide nee thatrecei vingun employme nt-i nsura nee ben efitsa. decreases the job-search effort of the unemployed.b. has no effect on the job-search effort of the unemployed.c. in creases the job-search effort of the un employed.d. has an uncertain affect on the job-search effort of the un employed.1. Fricti onal un employme nt can be the con seque nee ofa. workers leaving existing jobs to find ones they like better.b. an industry declining while another is gr