《宏观经济学期末考试试卷1附答案》由会员分享，可在线阅读，更多相关《宏观经济学期末考试试卷1附答案（10页珍藏版）》请在金锄头文库上搜索。
1、得分一、选择题 ( 每小题 1分，共 30分)评卷人1The government reports that GDP increased by 1.6 percent in the last quarter. This statement means that GDP increaseda. by 6.4 percent for the year.b. at an annual rate of 6.4 percent during the last quarter.c. at an annual rate of 1.6 percent during the last quarter.d. at
2、 an annual rate of .4 percent during the last quarter.2A Brazilian company produces soccer balls in the United States and exports all of them. If the price of the soccer balls increases, the GDP deflatora. and the CPI both increase.b. is unchanged and the CPI increases.c. increases and the CPI is un
3、changed.d. and the CPI are unchanged.3The price of CD players increases dramatically, causing a 1 percent increase in the CPI. The price increase will most likely cause the GDP deflator to increase bya. more than 1 percent.b. less than 1 percent.c. 1 percent.d. It is impossible to make an informed g
4、uess without more information.4A nations standard of living is measured by itsa. real GDP.b. real GDP per person.c. nominal GDP.d. nominal GDP per person.5In 2002 President Bush imposed restrictions on imports of steel to protect the U.S.steel industry.a. This is an inward-oriented policy which most
5、 economists believe have adverse effects on growth.b. This is an inward-oriented policy which most economists believe have beneficial effects on growth.c. This is an outward-oriented policy which most economists believe have adverse effects on growth.d. This is an outward-oriented policy which most
6、economists believe have beneficial effects on growth.6 Generally when economists and the text talk of the interest rate, they are talking about thea. real interest rate.b. current nominal interest rate.c. real interest rate minus the inflation rate.d. equilibrium nominal interest rate.7 An increase
7、in the budget deficita. makes investment spending fall.b. makes investment spending rise.c. does not affect investment spending.d. may increase, decrease, or not affect investment spending.8 Norne Corporation is considering building a new plant. It will cost them $1 million today to build it and it
8、will generate revenues of $1,121 million three years from today. Of the interest rates below, which is the highest interest rate at which Norne would still be willing to build the plant?a. 3 percentb. 3.5 percentc. 4 percentd. 4.5 percent9 Recent entrants into the labor force account for abouta. 1/2
9、 of those who are unemployed. Spells of unemployment end about 1/5 of the time with people leaving the labor force.b. 1/3 of those who are unemployed. Spells of unemployment end about 1/2 of the time with people leaving the labor force.c. 1/4 of those who are unemployed. Spells of unemployment end a
10、bout 1/2 of the time with people leaving the labor force.d. 1/4 of those who are unemployed. Spells of unemployment end about 1/5 of the time with people leaving the labor force10 Which of the following best illustrates the unit of account function of money?a. You list prices for candy sold on your
11、Web site, , in dollars.b. You pay for your WNBA tickets with dollars.c. You keep $10 in your backpack for emergencies.d. None of the above is correct.11 Current U.S. currency isa. fiat money with intrinsic value.b. fiat money with no intrinsic value.c. commodity money with intrinsic value.d. commodi
12、ty money with no intrinsic value.12 Velocity in the country of Shem is always stable. In 2002, the money supply was$200 billion and the GDP price deflator was four times as high as it was in the base year. In 2003, the money supply increased to $240 billion, the price level increased by 15 percent,
13、and nominal GDP equaled $1,200 billion. By how much did real GDP increase between 2002 and 2003?a. 20 percentb. 4.35 percentc. 2.17 percentd. There is not enough information to answer the question.13 Shoeleather costs refer toa. the cost of more frequent price changes induced by higher inflation.b.
14、the distortion in resource allocation created by distortions in relative prices due to inflation.c. resources used to maintain lower money holdings when inflation is high.d. the distortion in incentives created by inflation by taxes that do not adjust for inflation.14 International tradea.raises the
15、 standard of living in all trading countries.b. lowers the standard of living in all trading countries.c. leaves the standard of living unchanged.d. raises the standard of living for importing countries and lowers it for exporting countries.15Which of the following would be U.S. foreign portfolio investment?a. Disney builds a new amusement park near Rome, Italy.b. Your economi
