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
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