曼昆宏观经济学英语课后题问题详解Word格式文档下载.docx
- 文档编号:19383799
- 上传时间:2023-01-05
- 格式:DOCX
- 页数:166
- 大小:54.51KB
曼昆宏观经济学英语课后题问题详解Word格式文档下载.docx
《曼昆宏观经济学英语课后题问题详解Word格式文档下载.docx》由会员分享,可在线阅读,更多相关《曼昆宏观经济学英语课后题问题详解Word格式文档下载.docx(166页珍藏版)》请在冰豆网上搜索。
3.
Netnationalproductisthetotalincomeofanation’sresidentsminuslossesfromdepreciation.
4.
Disposablepersonalincomeistheincomethathouseholdsandunincorporatedbusinesshaveleftaftersatisfyingalltheirobligationstothegovernment.Itequalspersonalincomeminuspersonaltaxesandcertainnon-taxpaymentstogovernment.
5.
ThepurchaseofnewhousesbyhouseholdsisincludedinthecalculationofpersonalconsumptionexpendituresofGDP.
MultipleChoice
Identifythechoicethatbestcompletesthestatementoranswersthequestion.
WhenGDPfalls,
a.
incomeandexpendituremustbothfall.
b.
incomeandexpenditurecanbothrise.
c.
incomemustfall,butexpendituremayriseorfall.
d.
expendituremustfall,butincomemayriseorfall.
A
Incomeequalsexpenditurebecause
firmsalwayspayoutalltheirrevenueasincometosomeone.
eachtimeasaleismade,thereisabuyerandaseller.
householdsownthefactorsofproductionusedtogenerateincomes.
Alloftheabovearecorrect.
B
Ifaprovincemakestheproductionandsaleofillicitdrugslegal,thenGDP
mustincrease.
mustdecrease.
wouldn'
tchange.
mayincreaseordecrease.
Whenagovernmentprovidessubsidiestoencouragegrowthofsmallbusinesses,thesubsidieswould
beincludedinGDPbecausetheyareinvestedbybusinesses.
beincludedinGDPbecausetheyareaformofgovernmentspending.
notbeincludedinGDPbecausetheyaretransferpayments.
mayormaynotbeincludedinGDP,dependingonhowthefundsareused.
C
Dieselfuelis
alwaysconsideredafinalgood.
countedasanintermediategoodifacompanyusesittoprovidetransportationservices.
countedasafinalgoodifafarmerusesittorunatractortogrowcrops.
Bothbandcarecorrect.
6.
Grossdomesticproduct
isthemarketvalueofallfinalgoodsandservicesproducedwithinacountryinagivenperiod(usuallyayear)
istheincomeinthehandsofindividualsafterdeductingincometaxes;
incomeavailabletohouseholdstospendandsave
isthevalueofgoodsandservicespurchasedbyalllevelsofgovernment—federal,provincial,andlocal—inagivenperiod
isthemarketvalueofallfinalgoodsandservicesproducedbypermanentresidentsofanationinagiventimeperiod
7.
Macroeconomicsisthatbranchofeconomicsthatstudies
theconditionsofindividualmarkets
theinfluenceofgovernmentsonindividualmarkets
economy-widephenomena
onlytheprivatesectoroftheeconomy
8.
SupposethatnominalGDPis$6,000billionandrealGDPis$3,000.WhatistheGDPpricedeflator?
125
150
200
250
9.
Thepurchaseoffinalgoodsandservicesbyhouseholdsiscalled
investment
publicsectorexpenditure
consumption
netexports
10.
Investmentisthepurchaseofcapitalequipment,inventories,and
structures
non-durablegoods
depreciation
importinvestment
11.
Transferpayments
areincludedinGDPbecausetheyareformsofincome
areincludedinGDPbecausegoodsandserviceshavebeenproducedinthetransfer
areNOTincludedintheGDPbecausegoodsandserviceshavenotbeenproducedinthetransfer
areincludedinGDPbecausetheyrepresenttheproductionoftransfersofgoodsandservicestoforeigncountries
12.
Whichofthefollowingwouldbeconsideredconsumptionexpenditure?
TheSmithsbuyahomebuiltin1990.
ThefederalgovernmentpaysthesalaryofacaptainintheArmedForces.
TheHostlersbuyanewcarthatwasmanufacturedinGermany.
Thegovernmentbuysfoodforitsarmedforces.
13.
ThemethodthatmeasuresGDPinrelationshiptothesizeofthepopulationiscalled
GNP
workerGDP
GDPperperson
capitalGDP
14.
ThecomponentsofGDPare
C+I+G
NX+G+C
C+G+NX
C+I+G+NX
D
15.
SupposenominalGDPis$7700andtheGDPdeflatoris110.RealGDPis
$7700
$7000
$847,000
$8470
ShortAnswer
Whatarethecomponentsofgrossdomesticproduct(GDP)?
RESPONSE:
ThecomponentsofGDPare:
(1)consumptionspendingbyhouseholdsongoodsandservices,withtheexceptionofpurchasesofnewhousing;
(2)Investmentspendingoncapitalequipment,inventories,andstructures,includinghouseholdpurchasesofnewhousing;
(3)governmentpurchasesorspendingongoodsandservicesbythelocal,provincial,andfederallevelsgovernments;
and(4)netexportswhichisspendingondomesticallyproducedgoodsandservicesbyforeigners(exports)minusspendingonforeigngoodsandservicesbydomesticresident(imports).
--/1
Differentiatebetweengrossdomesticproduct(GDP)andgrossnationalproduct(GNP).
GDPisthevalueofallfinalgoodsandservicesproducedwithinacountryinagivenyear;
whileGNPisthetotalincomeearnedbyanation’spermanentresidentsornationals(thatis,Canadians).GNPdiffersfromGDPbyincludingincomethatcitizensofthenation(Canada)earnedaboard,andexcludingincomethatforeignersearnintheparticularcountry(E.g.inCanada).
DifferentiatebetweenrealGDPandnominalGDP.
NominalGDPisthevalueofallfinalgoodsandservicesproducedwithinacountryinayearandvaluedatcurrentprices;
andrealGDPistheGDPvaluedatconstantbaseyearprices.
RealGDPisnotaffectedbychangesinthelevelofprices,soitreflectsonlychangesintheamountsbeingproduced.
ExplainwhyGDPisnotconsideredaperfectmeasureofwell-being?
GDPisnotconsideredaperfectmeasureofwell-beingbecausesomeofthefactorsthatcontributetoagoodlifeareomitted.
Thesewouldinclude:
leisuretime,thequalityoftheenvironment,thedistributionofincome,andtheproductionofgoodsandservicesthatdidnotpasthroughthemarket(forexample,houseworkdonebythehomemaker,andvolunteerwork)
Howdoeconomistsmeasureeconomicgrowth?
EconomistsmeasureeconomicgrowthasthepercentagechangeinrealGDPfromoneperiodtoanother.ThisisbecausechangesinrealGDPreflectonlychangesintheamountsbeingproduced.
CHAPTER24:
MEASURINGTHECOSTOFLIVING
TheGDPdeflatorreflectsthepricesofgoodsandservicesboughtbyconsumers,
andtheconsumerpriceindexreflectsthepriceofallfinalgoodsandservicesproduceddomestically.
Theconsumerpriceindexcomparesthepriceofafixedbasketofgoodsandservicestothepriceofthebasketinthebaseyear.Ontheotherhand,theGDPdeflatorcomparesthepriceofcurrentlyproducedgoodsandservicestothepriceofthesamegoodsandservicesinthebaseyears.
Indexationreferstotheautomaticcorrectionofadollaramountfortheeffectsofinflationbylaworcontract.
Longtermcontractsbetweenfirmsandunionswillsometimesincludepartialorcompleteindexationofthewagetotheconsumerpriceindex.Thisiscalledacost-of-livingallowanceclause.
Thecoreinflationrateistheconsumerpriceindexwiththeexclusionofthemostvolatilecomponentssuchasenergyandfood.
IntheCPI,goodsandservicesareweightedaccordingto
howmuchatypicalconsumerbuysofeachitem.
whethertheitemsarenecessitiesorluxuries.
howmuchofeachitemisproducedinthedomesticeconomy.
howmuchisspentontheminthenationalincomeaccounts.
Bynottakingintoaccountthepossibilityofconsumersubstitution,theCPI
understatesthestandardofliving.
overstatesthecostofliving.
neitheroverstatesnorunderstatesthecostofliving.
doesn'
taccuratelyreflectthecostofliving,butitisunclearifitoverstatesorunderstatesthecostofliving.
IfthepricesofBrazilian-madeshoesimportedintoCanadaincreases,
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 宏观经济学 英语 课后 问题 详解