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宏观经济学题库

宏观经济学-题库

Macroeconomics,10e（Parkin）

Chapter4MeasuringGDPandEconomicGrowth

1GrossDomesticProduct

1）Grossdomesticproductisthetotal________producedwithinacountryinagiventimeperiod.

A）marketvalueofallfinalandintermediategoodsandservices

B）marketvalueofallgoodsandservices

C）amountoffinalandintermediategoodsandservices

D）marketvalueofallfinalgoodsandservices

Answer:

D

Topic:

GDP

Skill:

Recognition

Questionhistory:

Previousedition,Chapter4

AACSB:

ReflectiveThinking

2）Grossdomesticproduct

A）includesallthegoodsandnoneoftheservicesproducedinaneconomyinagiventimeperiod.

B）measuresthevalueoftheaggregateproductionofgoodsandservicesinacountryduringagiventimeperiod.

C）measuresthevalueoflaborpaymentsgeneratedinaneconomyinagiventimeperiod.

D）isgenerallylessthanfederalexpenditureinanytimeperiod.

Answer:

B

Topic:

GDP

Skill:

Recognition

Questionhistory:

Previousedition,Chapter4

AACSB:

ReflectiveThinking

3）Grossdomesticproductisameasureofthetotalvalueofall

A）salesinaneconomyoveraperiodoftime.

B）consumerincomeinaneconomyoveraperiodoftime.

C）capitalaccumulationinaneconomyoveraperiodoftime.

D）finalgoodsandservicesproducedinaneconomyoveraperiodoftime.

Answer:

D

Topic:

GDP

Skill:

Recognition

Questionhistory:

Previousedition,Chapter4

AACSB:

ReflectiveThinking

4）Grossdomesticproduct（GDP）isthe________inagiventimeperiod.

A）valueofpersonalconsumptionexpenditures,grossprivatedomesticinvestment,andfederalgovernmentexpenditures

B）sumofwageandsalarycompensationofemployeesandcorporateprofits

C）valueofallfinalandintermediategoodsandservicesproducedbytheeconomyexcludingthosegoodsexportedtoforeignnations

D）marketvalueoffinalgoodsandservicesproducedbytheeconomy

Answer:

D

Topic:

GDP

Skill:

Recognition

Questionhistory:

Previousedition,Chapter4

AACSB:

ReflectiveThinking

5）Grossdomesticproduct（GDP）measuresthe

A）numberoffinalgoodsandservicesproducedintheeconomyinagiventimeperiod.

B）numberoffinalgoodsandservicessoldintheeconomyinagiventimeperiod.

C）marketvalueofoldandnewfinalgoodsandservicessoldintheeconomyinagiventimeperiod.

D）marketvalueoffinalgoodsandservicesproducedintheeconomyinagiventimeperiod.

Answer:

D

Topic:

GDP

Skill:

Recognition

Questionhistory:

Previousedition,Chapter4

AACSB:

ReflectiveThinking

6）GDPisdefinedasthemarketvalueofall________inagiventimeperiod.

A）finalgoodsproducedinacountry

B）finalgoodsandservicesproducedbycitizensofaparticularcountryregardlessofwhereintheworldtheyarelocated

C）finalgoodsandservicesproducedinacountrybyonlythecitizensofthecountry

D）finalgoodsandservicesproducedinacountry

Answer:

D

Topic:

GDP

Skill:

Recognition

Questionhistory:

Previousedition,Chapter4

AACSB:

ReflectiveThinking

7）InthedefinitionofGDP,"marketvalue"refersto

A）valuingproductioninproductionunits.

B）notcountingintermediateproducts.

C）valuingproductionaccordingtothemarketprice.

D）whentheproductiontookplace.

Answer:

C

Topic:

MarketValue

Skill:

Recognition

Questionhistory:

Modified10thedition

AACSB:

ReflectiveThinking

8）IntheUnitedStates,GDPistypicallymeasured

A）monthly.

B）quarterly.

C）daily.

D）weekly.

Answer:

B

Topic:

TimePeriod

Skill:

Recognition

Questionhistory:

Previousedition,Chapter4

AACSB:

ReflectiveThinking

9）IfNike,anAmericancorporation,producessneakersinThailandthiswould

A）countaspartofU.S.GDPsinceitisaU.S.corporation.

B）countforbothThailand'sGDPandU.S.GDP.

C）addtoThailand'sGDPbutnottoU.S.GDP.

D）addtoneitherU.S.GDPnorThailand'sGDP.

Answer:

C

Topic:

Production

Skill:

Recognition

Questionhistory:

Previousedition,Chapter4

AACSB:

ReflectiveThinking

10）IfFritoLay,anAmericansnackcompany,opensanewmanufacturingfacilityinMexicoandproducessnackswhicharedistributedinSouthAmerica,thenMexico'sGDP________andU.S.GDP________.

A）increases;doesnotchange

B）doesnotchange;increases

C）increases;decreases

D）increases;increases

Answer:

A

Topic:

Production

Skill:

Recognition

Questionhistory:

New10thedition

AACSB:

ReflectiveThinking

11）Theword"final"inthedefinitionofGDPrefersto

A）notcountingintermediategoodsorservices.

B）thetimeperiodwhenproductiontookplace.

C）valuingproductionatmarketprices.

D）countingtheintermediategoodsandservicesusedtoproduceGDP.

Answer:

A

Topic:

FinalGood

Skill:

Recognition

Questionhistory:

Previousedition,Chapter4

AACSB:

ReflectiveThinking

12）Aloafofbreadpurchasedbyoneofyourinstructorswouldbebestdescribedas

A）anintermediategood.

B）afinancialasset.

C）ausedgood.

D）afinalgood.

Answer:

D

Topic:

FinalGood

Skill:

Recognition

Questionhistory:

Previousedition,Chapter4

AACSB:

ReflectiveThinking

13）Whichofthefollowingisafinalgood?

A）thememorychipsinyournewsmartphone

B）ashareofIBMstock

C）flourpurchasedatthestoretobakecookies

D）flourusedbythebakerytobakecookies

Answer:

C

Topic:

FinalGood

Skill:

Recognition

Questionhistory:

New10thedition

AACSB:

ReflectiveThinking

14）In2011,Ozziepurchaseda2008FordEscortfromhisneighborforhisson,purchaseda2007"oneowner"CamryfromLarchmontToyotaforhiswife,boughta2011newFordforhimself,andsoldhis2000DodgeCaravantohisteenagenephew.Which,ifany,ofthesetransactionswillbeincludedinGDPin2011?

A）allfourtransactions

B）allthreepurchasesbutnotthesale

C）thepurchaseoftheFordandtheCaravan

D）onlythepurchaseoftheFord

Answer:

D

Topic:

FinalGood

Skill:

Conceptual

Questionhistory:

Modified10thedition

AACSB:

ReflectiveThinking

15）Whichofthefollowingexpendituresassociatedwiththeproductionofanewhigh-performanceSUVwillbedirectlyincludedinGDP?

A）thesaleofbondstofinancetheconstructionoftheassemblyplant

B）thepurchaseofusedweldingrobotstoassembletovehicles

C）thepurchaseofnewtirestobeinstalledonthenewvehicles

D）thepurchaseofnewmachinetoolstomanufacturetheengines

Answer:

D

Topic:

FinalGood

Skill:

Conceptual

Questionhistory:

Previousedition,Chapter4

AACSB:

ReflectiveThinking

16）IntermediategoodsareexcludedfromGDPbecause

A）theirinclusionwouldinvolvedoublecounting.

B）theyrepresentgoodsthathaveneverbeenpurchasedsotheycannotbecounted.

C）theirinclusionwouldunderstateGDP

D）thepremiseofthequestionisincorrectbecauseintermediategoodsaredirectlyincludedincalculatingGDP.

Answer:

A

Topic:

IntermediateGoodsandServices

Skill:

Recognition

Questionhistory:

Previousedition,Chapter4

AACSB:

ReflectiveThinking

17）Atonofcoalpurchasedbyyourlocalutilitytoburntomakeelectricitywouldbebestdescribedas

A）anintermediategood.

B）afinancialasset.

C）ausedgood.

D）afinalproduct.

Answer:

A

Topic:

IntermediateGoodsandServices

Skill:

Recognition

Questionhistory:

Previousedition,Chapter4

AACSB:

ReflectiveThinking

18）Whichofthefollowingexpendituresisforanintermediategood?

A）Thegovernmentbuysnewtiresforitsmilitaryvehicles.

B）AU.S.tirefirmsellsnewtirestoCanada.

C）GeneralMotorsbuysnewtirestoputonthecarsit'sbuilding.

D）Youbuynewtiresforyourusedcar.

Answer:

C

Topic:

IntermediateGoodsandServices

Skill:

Conceptual

Questionhistory:

Previousedition,Chapter4

AACSB:

ReflectiveThinking

19）GDPdoesnotdirectlyincludeintermediategoodsbecause

A）intermediategoodsarenotvaluable.

B）intermediategoodsarenotusefultoconsumers.

C）thatwouldcounttheintermediategoodstwice.

D）thatwouldunderstatethetruesizeofGDP.

Answer:

C

Topic:

IntermediateGoodsandServices

Skill:

Conceptual

Questionhistory:

Previousedition,Chapter4

AACSB:

ReflectiveThinking

20）ThecalculationofthefinalgoodsandservicessoldinaneconomywouldNOTinclude

A）thepurchaseofalawnmowerbyahousehold.

B）GeneralMotors'purchasesoftiresfornewautomobiles.

C）FordMotorCompany'spurchaseofanewindustrialrobottobeusedtoproducecars.

D）thepurchaseofaservicebyahousehold.

Answer:

B

Topic:

IntermediateGoodsandServices

Skill:

Conceptual

Questionhistory:

Previousedition,Chapter4

AACSB:

ReflectiveThinking

21）IncomputingGDP,itisessentialto

A）avoiddoublecounting.

B）includegovernmenttransferpayments.

C）includegovernmenttaxrevenues.

D）countallintermediateproductsdirectlyastheyareproduced.

Answer:

A

Topic:

IntermediateGoodsandServices

Skill:

Conceptual

Questionhistory:

Previousedition,Chapter4

AACSB:

ReflectiveThinking

22）Doublecounting（countingthesamethingtwice）inGDPaccountingisavoidedbynotincluding

A）netexports.

B）intermediategoods.

C）illegalactivities.

D）depreciation.

Answer:

B

Topic:

IntermediateGoodsandServices

Skill:

Conceptual

Questionhistory:

Previousedition,Chapter4

AACSB:

ReflectiveThinking

23）GDPcountsonlyfinalgoodsandservicesbecausethis

A）methodavoidsincludinganygoodsthatareproducedthisyearandsoldnextyear.

B）methodavoidsdoublecountingofgoodsgoingthroughseveralstagesofproduction.

C）amountcanbemoreeasilydeterminedinthemarketplace.

D）methodavoidsunderstatingthevalueofGDPproducedduringagivenyear.

Answer:

B

Topic:

FinalGoodsandIntermediateGoods

Skill:

Recognition

Questionhistory:

Previousedition,Chapter4

AACSB:

ReflectiveThinking

24）Thecircular