经济学原理对应练习23.docx
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经济学原理对应练习23.docx
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经济学原理对应练习23
Chapter23
MultipleChoice
1.Macroeconomistsstudy
a.decisionsofhouseholdsandfirms.
b.theinteractionofhouseholdsandfirms.
c.economy-widephenomena.
d.regulationsonfirmsandunions.
ANS:
CPTS:
1DIF:
1REF:
23-0
TOP:
EconomistsMSC:
Definitional
2.Whichofthefollowingnewspaperheadlineswouldbemorecloselyrelatedtowhatmicroeconomistsstudythantowhatmacroeconomistsstudy?
a.Unemploymentraterisesfrom5percentto5.5percent.
b.RealGDPgrowsby3.1percentinthethirdquarter.
c.Retailsalesatstoresshowlargegains.
d.Thepriceoforangesrisesafteranearlyfrost.
ANS:
DPTS:
1DIF:
1REF:
23-0
TOP:
EconomistsMSC:
Interpretive
3.Statisticsthatareofparticularinteresttomacroeconomists
a.arewidelyreportedbythemedia.
b.arelargelyignoredbythemedia.
c.includetheequilibriumpricesofindividualgoodsandservices.
d.donotincludestatisticsforcountriesoutsideofNorthAmerica.
ANS:
APTS:
1DIF:
1REF:
23-0
TOP:
EconomistsMSC:
Definitional
4.Whichofthefollowingquestionsismorelikelytobestudiedbyamicroeconomistthanamacroeconomist?
a.Whydopricesingeneralrisebymoreinsomecountriesthaninothers?
b.Whydowagesdifferacrossindustries?
c.Whydoproductionandincomeincreaseinsomeperiodsandnotinothers?
d.HowrapidlyisGDPcurrentlyincreasing?
ANS:
BPTS:
1DIF:
1REF:
23-0
TOP:
EconomistsMSC:
Interpretive
5.Whichofthefollowingtopicsaremorelikelytobestudiedbyamacroeconomistthanbyamicroeconomist?
a.theeffectoftaxesonthepricesofairlinetickets,theprofitabilityofautomobile-manufacturingfirms,andemploymenttrendsinthefood-serviceindustry
b.thepriceofbeef,wagedifferencesbetweengenders,andantitrustlaws
c.howconsumersmaximizeutility,andhowpricesareestablishedinmarketsforagriculturalproducts
d.thepercentageofthelaborforcethatisoutofwork,anddifferencesinaverageincomefromcountrytocountry
ANS:
DPTS:
1DIF:
1REF:
23-0
TOP:
EconomistsMSC:
Interpretive
6.Wewouldexpectamacroeconomist,asopposedtoamicroeconomist,tobeparticularlyinterestedin
a.explaininghoweconomicchangesaffectpricesofparticulargoods.
b.devisingpoliciestodealwithmarketfailuressuchasexternalitiesandmarketpower.
c.devisingpoliciestopromotelowinflation.
d.identifyingthosemarketsthatarecompetitiveandthosethatarenotcompetitive.
ANS:
CPTS:
1DIF:
1REF:
23-0
TOP:
EconomistsMSC:
Interpretive
7.Thebasictoolsofsupplyanddemandare
a.usefulonlyintheanalysisofeconomicbehaviorinindividualmarkets.
b.usefulinanalyzingtheoveralleconomy,butnotinanalyzingindividualmarkets.
c.centraltomicroeconomicanalysis,butseldomusedinmacroeconomicanalysis.
d.centraltomacroeconomicanalysisaswellastomicroeconomicanalysis.
ANS:
DPTS:
1DIF:
1REF:
23-0
TOP:
Demand|SupplyMSC:
Interpretive
8.Whichofthefollowingstatisticsisusuallyregardedasthebestsinglemeasureofasociety’seconomicwell-being?
a.theunemploymentrate
b.theinflationrate
c.grossdomesticproduct
d.thetradedeficit
ANS:
CPTS:
1DIF:
2REF:
23-0
TOP:
GrossdomesticproductMSC:
Interpretive
9.Foraneconomyasawhole,
a.incomeisgreaterthanexpenditure
b.expenditureisgreaterthanincome.
c.incomeisequaltoexpenditure.
d.GDPmeasuresincomemorepreciselythanitmeasuresexpenditure.
ANS:
CPTS:
1DIF:
1REF:
23-1
TOP:
Income|ExpendituresMSC:
Interpretive
10.WhichofthefollowingstatementsaboutGDPiscorrect?
a.GDPmeasurestwothingsatonce:
thetotalincomeofeveryoneintheeconomyandtheunemploymentrate.
b.Moneycontinuouslyflowsfromhouseholdstogovernmentandthenbacktohouseholds,andGDPmeasuresthisflowofmoney.
c.GDPistoanation’seconomyashouseholdincomeistoahousehold.
d.Alloftheabovearecorrect.
ANS:
CPTS:
1DIF:
2REF:
23-1
TOP:
GrossdomesticproductMSC:
Interpretive
11.WhichofthefollowingstatementsaboutGDPiscorrect?
a.GDPmeasurestwothingsatonce:
thetotalincomeofeveryoneintheeconomyandthetotalexpenditureontheeconomy’soutputofgoodsandservices.
b.Moneycontinuouslyflowsfromhouseholdstofirmsandthenbacktohouseholds,andGDPmeasuresthisflowofmoney.
c.GDPisgenerallyregardedasthebestsinglemeasureofasociety’seconomicwell-being.
d.Alloftheabovearecorrect.
ANS:
DPTS:
1DIF:
2REF:
23-1
TOP:
GrossdomesticproductMSC:
Interpretive
12.Grossdomesticproductservesasameasureoftwothings:
a.thetotalspendingofeveryoneintheeconomyandthetotalsavingofeveryoneintheeconomy.
b.thetotalincomeofeveryoneintheeconomyandthetotalexpenditureonthenation'soutputofgoodsandservices.
c.thevalueofthenation'soutputofgoodsandservicesfordomesticcitizensandthevalueofthenation'soutputofgoodsandservicesfortherestoftheworld.
d.thenation'ssavingandthenation'sinvestment.
ANS:
BPTS:
1DIF:
1REF:
23-1
TOP:
GrossdomesticproductMSC:
Definitional
13.Ifanation’sGDPrises,thenitmustbethecasethatthenation’s
a.incomeandexpenditurebothrise.
b.incomeandsavingbothrise.
c.incomerises,butexpendituremayriseorfall.
d.savingrises,butincomemayriseorfall.
ANS:
APTS:
1DIF:
2REF:
23-1
TOP:
Grossdomesticproduct|Income|ExpendituresMSC:
Interpretive
14.Becauseeverytransactionhasabuyerandaseller,
a.GDPismorecloselyassociatedwithanation’sincomethanitiswithanation’sexpenditure.
b.everytransactioncontributesequallytoaneconomy’sincomeandtoitsexpenditure.
c.thenumberoffirmsmustbeequaltothenumberofhouseholdsinasimplecircular-flowdiagram.
d.firms’profitsarenecessarilyzeroinasimplecircular-flowdiagram.
ANS:
BPTS:
1DIF:
2REF:
23-1
TOP:
Income|ExpendituresMSC:
Interpretive
15.Inasimplecircular-flowdiagramtotalincomeandtotalexpenditureare
a.neverequalbecausetotalincomealwaysexceedstotalexpenditure.
b.seldomequalbecauseoftheongoingchangesinaneconomy’sunemploymentrate.
c.equalonlywhenonedollarisspentongoodsforeverydollarthatisspentonservices.
d.alwaysequalbecauseeverytransactionhasabuyerandaseller.
ANS:
DPTS:
1DIF:
1REF:
23-1
TOP:
Grossdomesticproduct|Income|ExpendituresMSC:
Interpretive
16.Firmsusethemoneytheygetfromasaleto
a.paywagestoworkers.
b.payrenttolandlords.
c.payprofittothefirms’owners.
d.Alloftheabovearecorrect.
ANS:
DPTS:
1DIF:
1REF:
23-1
TOP:
IncomeMSC:
Interpretive
17.Foraneconomy,expenditureisequaltoincomebecause
a.bylawfirmsmustpayoutalltheirrevenueasincometosomeone.
b.foreverysalethereisabuyerandaseller.
c.pricesofindividualgoodsandserviceschange,buttheaveragepricelevelstaysthesame.
d.Noneoftheaboveiscorrect;expenditureisnotalwaysequaltoincomeforaneconomy.
ANS:
BPTS:
1DIF:
2REF:
23-1
TOP:
Income|ExpendituresMSC:
Interpretive
18.Foraneconomyasawhole,
a.wagesmustequalprofit.
b.consumptionmustequalsaving.
c.incomemustequalexpenditure.
d.householdspendingongoodsmustequalhouseholdspendingonservices.
ANS:
CPTS:
1DIF:
1REF:
23-1
TOP:
Income|ExpendituresMSC:
Interpretive
19.Whenafirmsellsagoodoraservice,thesalecontributestothenation’sincome
a.onlyifthebuyerofthegoodorserviceisahousehold.
b.onlyifthebuyerofthegoodorserviceisahouseholdoranotherfirm.
c.whetherthebuyerofthegoodoraserviceisahousehold,anotherfirm,orthegovernment.
d.Wehavetoknowwhethertheitembeingsoldisagoodoraserviceinordertoanswerthequestion.
ANS:
CPTS:
1DIF:
2REF:
23-1
TOP:
Income|ExpendituresMSC:
Interpretive
20.GDPisdefinedas
a.themarketvalueofallgoodsandservicesproducedwithinacountryinagivenperiodoftime.
b.themarketvalueofallgoodsandservicesproducedbythecitizensofacountry,regardlessofwheretheyarelivinginagivenperiodoftime.
c.themarketvalueofallfinalgoodsandservicesproducedwithinacountryinagivenperiodoftime.
d.themarketvalueofallfinalgoodsandservicesproducedbythecitizensofacountry,regardlessofwheretheyareliving,inagivenperiodoftime.
ANS:
CPTS:
1DIF:
2REF:
23-2
TOP:
GrossdomesticproductMSC:
Definitional
21.GDPisdefinedasthemarketvalueofallfinalgoodsandservicesproduced
a.bythecitizensofacountry,regardlessofwheretheylive,inagivenperiodoftime;thisdefinitionfocusesonGDPasameasureoftotalincome.
b.bythecitizensofacountry,regardlessofwheretheylive,inagivenperiodoftime;thisdefinitionfocusesonGDPasameasureoftotalexpenditure.
c.withinacountryinagivenperiodoftime;thisdefinitionfocusesonGDPasameasureoftotalincome.
d.withinacountryinagivenperiodoftime;thisdefinitionfocusesonGDPasameasureoftotalexpenditure.
ANS:
DPTS:
1DIF:
3REF:
23-2
TOP:
GrossdomesticproductMSC:
Interpretive
22.Grossdomesticproductisdefinedas
a.themarketvalueofallfinalgoodsandservicesproducedwithinacountryinagivenperiodoftime.
b.themarketvalueofalltangiblegoodsproducedwithinacountryinagivenperiodoftime.
c.thequantityofallfinalgoodsandservicessuppliedwithinacountryinagivenperiodoftime.
d.thequantityofallfinalgoodsandservicesdemandedwithinacountryinagivenperiodoftime.
ANS:
APTS:
1DIF:
1REF:
23-2
TOP:
GrossdomesticproductMSC:
Definitional
23.TocomputeGDP,we
a.addupthewagespaidtoallworkers.
b.addupthecostsofproducingallfinalgoods
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