北大出版社曼昆宏观经济学第六版最新全英题库.资料大全有答案23章.doc

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1、Chapter 23 Measuring a Nations IncomeMULTIPLE CHOICE1. Macroeconomists study a.the decisions of individual households and firms. b.the interaction between households and firms. c.economy-wide phenomena. d.regulations imposed on firms and unions. ANS:CDIF:1REF:10-0NAT:Analytic LOC:The study of econom

2、ics and definitions in economics TOP:Macroeconomics MSC:Definitional2. Which of the following newspaper headlines is more closely related to what microeconomists study than to what macroeconomists study? a.Unemployment rate rises from 5 percent to 5.5 percent. b.Real GDP grows by 3.1 percent in the

3、third quarter. c.Retail sales at stores show large gains. d.The price of oranges rises after an early frost. ANS:DDIF:2REF:10-0NAT:Analytic LOC:The study of economics and definitions in economics TOP:Macroeconomics MSC:Interpretive3. Which of the following questions is more likely to be studied by a

4、 microeconomist than a macroeconomist? a.Why do prices in general rise by more in some countries than in others? b.Why do wages differ across industries? c.Why do national production and income increase in some periods and not in others? d.How rapidly is GDP currently increasing? ANS:BDIF:2REF:10-0N

5、AT:Analytic LOC:The study of economics and definitions in economics TOP:Macroeconomics MSC:Interpretive4. Which of the following topics are more likely to be studied by a macroeconomist than by a microeconomist? a.the effect of taxes on the prices of airline tickets, and the profitability of automob

6、ile- manufacturing firms b.the price of beef, and wage differences between genders c.how consumers maximize utility, and how prices are established in markets for agricultural products d.the percentage of the labor force that is out of work, and differences in average income from country to country

7、ANS:DDIF:2REF:10-0NAT:Analytic LOC:The study of economics and definitions in economics TOP:Macroeconomics MSC:Interpretive5. We would expect a macroeconomist, as opposed to a microeconomist, to be particularly interested in a.explaining how economic changes affect prices of particular goods. b.devis

8、ing policies to deal with market failures such as externalities and market power. c.devising policies to promote low inflation. d.identifying those markets that are competitive and those that are not competitive. ANS:CDIF:2REF:10-0NAT:Analytic LOC:The study of economics and definitions in economics

9、TOP:Macroeconomics MSC:Interpretive2 Chapter 23/Measuring a Nations Income 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.6. Which of the following is not a question that macroeconomists address? a

10、.Why is average income high in some countries while it is low in others? b.Why does the price of oil rise when war erupts in the Middle East? c.Why do production and employment expand in some years and contract in others? d.Why do prices rise rapidly in some periods of time while they are more stabl

11、e in other periods? ANS:BDIF:2REF:10-0NAT:Analytic LOC:The study of economics and definitions in economics TOP:Macroeconomics MSC:Interpretive7. The basic tools of supply and demand are a.useful only in the analysis of economic behavior in individual markets. b.useful in analyzing the overall econom

12、y, but not in analyzing individual markets. c.central to microeconomic analysis, but seldom used in macroeconomic analysis. d.central to macroeconomic analysis as well as to microeconomic analysis. ANS:DDIF:1REF:10-0NAT:Analytic LOC:The study of economics and definitions in economics TOP:Supply and

13、demand MSC:Definitional8. Which of the following statistics is usually regarded as the best single measure of a societys economic well-being? a.the unemployment rate b.the inflation rate c.gross domestic product d.the trade deficit ANS:CDIF:1REF:10-0NAT:Analytic LOC:The study of economics and defini

14、tions in economicsTOP:GDP MSC:Definitional9. GDP a.is used to monitor the performance of the overall economy but is not the single best measure of a societys economic well-being. b.is used to monitor the performance of the overall economy and is the single best measure of a societys economic well-be

15、ing. c.is not used to monitor the performance of the overall economy but is the single best measure of a societys economic well-being. d.is not used to monitor the performance of the overall economy and is not the single best measure of a societys economic well-being. ANS:BDIF:1REF:10-0NAT:Analytic

16、LOC:The study of economics and definitions in economicsTOP:GDP MSC:DefinitionalTHE ECONOMYS INCOME AND EXPENDITURE1. Gross domestic product measures a.income and expenditures. b.income but not expenditures. c.expenditures but not income. d.neither income nor expenditures. ANS: ADIF:2REF: 10-1NAT: An

17、alytic LOC: The study of economics and definitions in economicsTOP: GDP MSC:InterpretiveChapter 23 /Measuring a Nations Income 3 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.2. Expenditures on a

18、nations domestic production a.are less than its domestic production. b.are equal to its domestic production. c.are greater than its domestic production. d.could be less than, equal to, or greater than its domestic production. ANS: BDIF:1REF: 10-1NAT: Analytic LOC: The study of economics and definiti

19、ons in economicsTOP: GDP MSC:Definitional3. Income generated by a nations domestic production a.is less than its domestic production. b.is equal to its domestic production. c.is greater than its domestic production. d.could be less than, equal to, or greater than its domestic production. ANS: BDIF:1

20、REF: 10-1NAT: Analytic LOC: The study of economics and definitions in economicsTOP: GDP MSC:Definitional4. For an economy as a whole, a.wages must equal profit. b.consumption must equal saving. c.income must equal expenditure. d.the number of buyers must equal the number of sellers. ANS: CDIF:2REF:

21、10-1NAT: Analytic LOC: The study of economics and definitions in economicsTOP: GDP MSC:Interpretive5. Which of the following statements about GDP is correct? a.GDP measures two things at once: the total income of everyone in the economy and the total expenditure on the economys output of goods and s

22、ervices. b.Money continuously flows from households to firms and then back to households, and GDP measures this flow of money. c.GDP is generally regarded as the best single measure of a societys economic well- being. d.All of the above are correct. ANS: DDIF:2REF: 10-1NAT: Analytic LOC: The study o

23、f economics and definitions in economicsTOP: GDP MSC:Interpretive6. Because every transaction has a buyer and a seller, a.GDP is more closely associated with an economys income than it is with an economys expenditure. b.every transaction contributes equally to an economys income and to its expenditu

24、re. c.the number of firms must be equal to the number of households in a simple circular- flow diagram. d.firms profits are necessarily zero in a simple circular-flow diagram. ANS: BDIF:2REF: 10-1NAT: Analytic LOC:The study of economics and definitions in economicsTOP:Circular flow MSC:Interpretive4

25、 Chapter 23/Measuring a Nations Income 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.7. For an economy as a whole, income must equal expenditure because a.the number of firms is equal to the numbe

26、r of households in an economy. b.individuals can only spend what they earn each period. c.every dollar of spending by some buyer is a dollar of income for some seller. d.every dollar of saving by some consumer is a dollar of spending by some other consumer. ANS: CDIF:2REF: 10-1NAT: Analytic LOC:The

27、study of economics and definitions in economicsTOP:Circular flow MSC:Interpretive8. If an economys GDP falls, then it must be the case that the economys a.income falls and saving rises. b.income and saving both fall. c.income falls and expenditure rises. d.income and expenditure both fall. ANS: DDIF

28、:2REF: 10-1NAT: Analytic LOC: The study of economics and definitions in economicsTOP: GDP MSC:Interpretive9. If an economys GDP rises, then it must be the case that the economys a.income rises and saving falls. b.income and saving both rise. c.income rises and expenditure falls. d.income and expendi

29、ture both rise. ANS: DDIF:2REF: 10-1NAT: Analytic LOC: The study of economics and definitions in economicsTOP: GDP MSC:Interpretive10. Which of the following statements about GDP is correct? a.GDP measures two things at once: the total income of everyone in the economy and the unemployment rate of t

30、he economys labor force. b.Money continuously flows from households to government and then back to households, and GDP measures this flow of money. c.GDP is to a nations economy as household income is to a household. d.All of the above are correct. ANS: CDIF:2REF: 10-1NAT: Analytic LOC: The study of

31、 economics and definitions in economicsTOP: GDP MSC:Interpretive11. In a simple circular-flow diagram, total income and total expenditure are a.never equal because total income always exceeds total expenditure. b.seldom equal because of the ongoing changes in an economys unemployment rate. c.equal o

32、nly when the government purchases no goods or services. d.always equal because every transaction has a buyer and a seller. ANS: DDIF:2REF: 10-1NAT: Analytic LOC: Understanding and applying economic modelsTOP: Circular flow MSC:InterpretiveChapter 23 /Measuring a Nations Income 5 2012 Cengage Learnin

33、g. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.12. In a simple circular-flow diagram, a.households spend all of their income. b.all goods and services are bought by households. c.expenditures flow through the markets

34、for goods and services, while income flows through the markets for the factors of production. d.All of the above are correct. ANS: DDIF:2REF: 10-1NAT: Analytic LOC: Understanding and applying economic modelsTOP: Circular flow MSC:Interpretive13. In a simple circular-flow diagram, firms use the money

35、 they get from a sale to a.pay wages to workers. b.pay rent to landlords. c.pay profit to the firms owners. d.All of the above are correct. ANS: DDIF:1REF: 10-1NAT: Analytic LOC: Understanding and applying economic modelsTOP: Circular flow MSC:Definitional14. In a simple circular-flow diagram, house

36、holds buy goods and services with the income they get from a.wages. b.rents. c.profits. d.All of the above are correct. ANS: DDIF:1REF: 10-1NAT: Analytic LOC: Understanding and applying economic modelsTOP: Circular flow MSC:Definitional15. In the actual economy, households a.spend all of their incom

37、e. b.divide their income among spending, taxes, and saving. c.buy all goods and services produced in the economy. d.Both (a) and (c) are correct. ANS: BDIF:2REF: 10-1NAT: Analytic LOC: Understanding and applying economic modelsTOP: Circular flow MSC:Interpretive16. Total income from the domestic pro

38、duction of final goods and services equals a.only household expenditures for these goods. b.only household and business expenditures for these goods. c.only household and government expenditures for these goods. d.the expenditures for these goods whoever buys them. ANS: DDIF:1REF: 10-1NAT: Analytic

39、LOC:The study of economics and definitions in economicsTOP:Circular flow MSC:Definitional6 Chapter 23/Measuring a Nations Income 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.17. In the actual eco

40、nomy, goods and services are purchased by a.households, but not firms or the government. b.households and firms, but not the government. c.households and the government, but not firms. d.households, firms, and the government. ANS: DDIF:1REF: 10-1NAT: Analytic LOC: Understanding and applying economic

41、 modelsTOP: Circular flow MSC:Interpretive18. According to the circular-flow diagram GDP a.can be computed as the total income paid by firms or as expenditures on final goods and services. b.can be computed as the total income paid by firms, but not as expenditures on final goods and services. c.can

42、 be computed as expenditures on final goods and services, but not as the total income paid by firms. d.cannot be computed as either total income paid by firms or expenditures on final goods and services. ANS: ADIF:2REF: 10-1NAT: Analytic LOC:The study of economics and definitions in economicsTOP:Cir

43、cular flow MSC:Definitional19. According to the circular-flow diagram GDP a.can be computed as either the revenue firms receive from the sales of goods and services or the payments they make to factors of production. b.can be computed as the revenue firms receive from the sales of goods and services

44、 but not as the payments they make to factors of production. c.can be computed as payments firms make to factors of production but not as revenues they receive from the sales of goods and services. d.cannot be computed as either the revenue firms receive or the payments they make to factors of produ

45、ction. ANS: ADIF:2REF: 10-1NAT: Analytic LOC:The study of economics and definitions in economicsTOP:Circular flow MSC:DefinitionalTHE MEASUREMENT OF GROSS DOMESTIC PRODUCT1. GDP is defined as the a.value of all goods and services produced within a country in a given period of time. b.value of all go

46、ods and services produced by the citizens of a country, regardless of where they are living, in a given period of time. c.value of all final goods and services produced within a country in a given period of time. d.value of all final goods and services produced by the citizens of a country, regardle

47、ss of where they are living, in a given period of time. ANS: CDIF:1REF: 10-2NAT: Analytic LOC:The study of economics and definitions in economicsTOP:Domestic production MSC:DefinitionalChapter 23 /Measuring a Nations Income 7 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or

48、duplicated, or posted to a publicly accessible website, in whole or in part.2. Which of the following is a way to compute GDP? a.add up the wages paid to all workers b.add up the quantities of all final goods and services c.add up the market values of all final goods and services d.add up the differ

49、ence between the market values of all final goods and services and then subtract the costs of producing those goods and services ANS: CDIF:2REF: 10-2NAT: Analytic LOC: The study of economics and definitions in economicsTOP: Market value MSC:Interpretive3. 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 consumers. b.market prices. c.quantities purchased by a typical urban household. d.pro