[試題] 101下 張清溪 經濟學原理 小考一
課程名稱︰經濟學原理與實習下
課程性質︰
課程教師︰張清溪
開課學院：經濟系
開課系所︰社科院
考試日期（年月日）︰
考試時限（分鐘）：
是否需發放獎勵金：是
（如未明確表示，則不予發放）
試題 :
選擇題共30題 每題3.5分 總分105分 超過一百分者以一百分計算
1. Which of the following is not a question that macroeconomists address?
a. Why is average income high in some countries while it's low in others?
b. Why does the price of oil rise when war erupts in the Middle East?
c. Why do production and employment expan in some years and contract in others?
d. Why do prices rise rapidly in some periods of time while they are more
stable in other periods?
2. In the actual economy, goods and services are purchased by
a. households, but not firms or the government.
b. households and firms, but not the government.
c. households and the government, but not firms.
d. households, firms, and government.
3. Which of the following is included in GDP ?
a. the market value of rental housing services, but not the market value of
owner-occupied housing services.
b. the market value of owner-occupied housing services, but not the market
value of rental housing services.
c. both the market value of rental housing services and the market value of
owner-occupied housing services.
d. neither the market value of owner-occupied housing services nor the market
value of rental housing services.
4. A farmer sells $50,000 of apples to individuals who take them home to eat
and $75,000 of apples to a company that uses them all to produce cider.
How much of the farmer's sale will be included as apples in GDP?
a. $0
b. $50,000
c. $75,000
d. $125,000
5. A steel company sells some steel to a bicycle company for $150. The bicycle
company uses the steel to produce a bicycle, which it sells for $250.
Taken togetehre, these two transactions contribute
a. $150 to GDP.
b. $250 to GDP.
c. between $250 and $400 to GDP, depending on the profit earned by the bicycle
company when it sold the bicycle.
d. $400 to GDP.
6. George lived in a home that was newly constructed in 2005 for which he paid
$200,000. In 2008 he sold the house for $225,000. Which of the following
statements is correct regarding the sale of the house?
a. The 2008 sale increased 2008 GDP by $225,000 and had no effect on 2005 GDP.
b. The 2008 sale increased 2008 GDP by $25,000 and had no effect on 2005 GDP.
c. The 2008 sale increased 2008 GDP by $225,000; furthermore, the 2008 sale
caused 2005 GDP to be revised upward by $25,000.
d. The 2008 sale affected neither 2008 GDP nor 2005 GDP.
7. Sally purchase a classic 1964 car she saw for sale on someone's lawn. She
then purchase some new parts and spends 120 hours refurbishing the car which
she keeps. Which of the following is included in GDP?
a. the amount she paid to buy the car
b. the amount she paid to buy new parts
c. the value of her time repairing the car
d. All of the above are included.
8. Which of the following is included in U.S. GDP?
a. the value of production by Singaporean working in the U.S.
b. the value of production by American working in Singapore
c. Both a. and b. are correct.
d. None of a. or b. is correct.
9.How does U.S. gross domestic product (GDP) differ from U.S. gross national
product (GNP) ?
a. GNP = GDP - losses from depreciation
b. GNP = GDP + income earned by U.S. citizens abroad - income that foreign
citizens earned in the U.S.
c. GNP = GDP + transfer payments to households + - indirect sales taxes
d. GNP = GDP - depreciation - retained earnings
10. How is net national product (NNP) calculated?
a. Saving is added to the total income of a nation's citizens.
b. Saving is added to the total income earned within a nation.
c. Depreciation are subtracted from thge total income of a nation's citizens
d. Depreciation are subtracted from the total income earned within a nation.
11. When economists refer to intangible items, they are referring to such things
as
a. illegal goods, and the value of such item is included in GDP.
b. illegal goods, and the value of such item is excluded from GDP.
c. hair styling and dental care, and the value of such items is included in
GDP.
d. hair styling and dental care, and the value of such items is excluded from
GDP.
12. Which of the following items is the one type of household expenditure that
is categorized as investment rather than consumption?
a. spending on education
b. the purchase of stock and bonds
c. the purchase of a new house
d. the purchase of durable goods such as stoves and washing machines
13. Which of the following items is included in GDP?
a. the sale of stocks and bonds
b. the sale of used goods
c. thesale of services such as those performed by a doctor
d. All of the above are included in GDP.
14. Which of the following subcomponents of GDP can be either positive or
negative?
a. inventory
b. exports
c. government purchases
d. All of the above are correct
15. The city of Ann Arbor Michigan buys a police car manufactured in Germany.
In the GDP accounts this transaction is included in
a. government expenditures and export.
b. government expenditures and import.
c. exports, but not government expanditures.
d. imports, but not government expanditures.
16. In the economy of Ukzten in 2010, consumption was $200, exports were $50,
GDP was $325, government purchase were $100, imports were $125, and investment
was $100. What were Ukzten's net exports in 2010?
a. - $75
b. - $50
c. $50
d. $75
17. When a U.S. citizen buys $500 of Chinese-made parts of motorcycle,
a. U.S. consumption falls by $500, U.S. net exports decline by $500, and
U.S. GDP declines by $1,000.
b. U.S. consumption does not change, U.S. net exports decline by $500, and
U.S GDP declines by $500.
c. U.S. consumption increases by $500, U.S. net exports remain the same, and
U.S. GDP increases by $500.
d. U.S. consumption increases by $500, U.S. net exports decline by $500, and
U.S. GDP remains the same.
18. GDP is equal to
a. the market value of all final goods and services produced within a country
in a given period of time.
b. Y
c. C + I + G + NX
d. All of the above are correct.
19. A country reported nominal GDP of $100 billion in 2010 and $75 billion in
2009. It also reported a GDP deflator of 125 in 2010 and 120 in 2009.
Between 2009 and 2010,
a. real output and the price level both rose.
b. real output rose and the price level fell.
c. real output fell and the price level rose.
d. real output and the price level both fell.
Table 1
The country of Caspir produces only cereal and milk. Quantities and prices of
these goods for the last several years are shown below. The base year is 2008.
Prices and Quantities
==============================================================================
Year Price of Cereak Quantity of Cereal Price of milk Quantity of Milk
==============================================================================
2008 $4.00 90 $1.50 150
2009 $4.00 100 $2.00 180
2010 $5.00 120 $2.50 200
2011 $6.00 150 $3.50 200
==============================================================================
20. Refer to Table 1 in 2008, this country's
a. nominal GDP was greater than real GDP, and the GDP deflator was greater
than 100.
b. nominal GDP was equal to real GDP, and the GDP deflator was equal to 1.
c. nominal GDP was less than real GDP, and the GDP deflator was less than 100.
d. nominal GDP was equal to real GDP, and the GDP deflator was equal to 100.
21. Refer to Table 1 in 2009, this country's
a. real GDP was $660, and the GDP deflator was 113.4
b. real GDP was $670, and the GDP deflator was 115.2
c. real GDP was $660, and the GDP deflator was 115.2
d. real GDP was $670, and the GDP deflator was 113.4
22. GDP is not a perfect measure of well-being; for example,
a. GDP excludes the value of volunteer work.
b. GDP does not address the distribution of income
c. GDP does not address environmental quality
d. All of the above are correct.
23. The term inflation is used to describe a situation in which
a. the overall level of prices in the economy is increasing.
b. incomes in the economy are increasing.
c. stock-market prices are rising.
d. the economy is growing rapidly.
24. Assume an economy experienced a positive rate of inflation between 2003
and 2004 and again between 2004 and 2005. However, the inflation rate was
lower between 2004 and 2005 than it was between 2003 and 2004. Which of the
following scenarios is consistent with this assumption?
a. The CPI was 100 in 2003, 110 in 2004, and 105 in 2005.
b. The CPI was 100 in 2003, 120 in 2004, and 135 in 2005.
c. The CPI was 100 in 2003, 105 in 2004, and 130 in 2005.
d. The CPI was 100 in 2003, 90 in 2004, and 88 in 2005.
Table 2
The table below pertain to Napandsnack, an economy in which the typical
consumer's basket consists of 2 pillows and 15 hotdogs.
Year Price of a Pillow Price of a Hotdog
2009 $40 $3
2010 $45 $4
2011 $50 $3
25. Refer to Table 2 The cost of the basket
a. increased from 2009 to 2010 and increased from 2010 to 2011.
b. increased from 2009 to 2010 and decreased from 2010 to 2011.
c. decreased from 2009 to 2010 and increased from 2010 to 2011.
d. decreased from 2009 to 2010 and decreased from 2010 to 2011.
26. Refer to Table 2 If the base year is 2009, then the consumer price index
was
a. 100 in 2009, 115 in 2010, and 116 in 2011.
b. 100 in 2009, 115 in 2010, and 135 in 2011.
c. 100 in 2009, 120 in 2010, and 116 in 2011.
d. 120 in 2009, 125 in 2010, and 135 in 2011.
27 Refer to Table 2 If the base year is 2010, then the consumer price index
was
a. 83.33 in 2009, 100 in 2010, and 96.67 in 2011.
b. 85.56 in 2009, 100 in 2010, and 102.22 in 2011.
c. 85.56 in 2009, 100 in 2010, and 96.67 in 2011.
d. 92.22 in 2009, 99 in 2010, and 95.22 in 2011.
28. One of the differences between the GDP deflator and the consumer price
index is
a. the GDP deflator includes income earned by American citizens working in
foreign countries and the consumer price index is based solely on purchases
made in the U.S.
b. the consumer price index basket of good is updated constantly by the
Bureau of Labor Statistics whereas the GDP deflator is updated only
occasionally.
c. the consumer price index includes items not included in the GDP deflator
such as airplanes purchased by the Air Force.
d. the GDP deflator reflects prices for all goods and services produced
domestically and the consumer price index reflects prices for some goods and
services bought by consumers.
29. If the CPI was 108.00 in 1942 and is 336.96 today, then $10 in 1942
purchased the same amount of goods and services as
a. $2.57 purchase today.
b. $28.89 purchase today.
c. $31.20 purchase today.
d. $38.89 purchases today.
30. Which of the following statements is correct about the relationship
between the nominal interest rate and the real interest rate ?
a. The real interest rate is the nominal interest rate times the rate of
inflation.
b. The real interest rate is the nominal interest rate minus the rate of
inflation.
c. The real interest rate is the nominal interest rate plus the rate of
inflation.
d. The real interest rate is the nominal interest rate divided by the rate of
inflation.
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