5学原理》(宏观)第五版测试题库 (29)

会计学原理(第五版)+葛军+参考答案41344第一章同步测试答案单项选择题：1.C2.B3.C4.D5.A6.B7.A8.C9.A10.C11.A12.A13.B14.C15.D多项选择题：1.A。

B2.A。

B。

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C。

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B。

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C。

D。

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B。

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C。

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C。

D。

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D。

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B。

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D。

E 第二章同步测试答案单项选择题：1.C2.D3.C4.A5.C6.B7.C8.C9.B10.A11.A12.D13.B14.D15.C多项选择题：1.D。

E2.A。

D。

E3.B。

C。

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B。

C5.A。

B。

C。

D6.A。

B。

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B。

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B。

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B。

C。

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E12.C。

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B。

C。

E14.A。

D15.A。

B三、业务练题练题一：1) 期初会计等式：资产（176+8800+2000+4500+624+4800=）=负债（5000+900=5900）+所有者权益（）2) 经济业务对会计等式的影响：1) -5000+50002) +8500=+85003) -900=-9004) +1000=+10005) -140+140=06) +1500-1500=0练题二：1) 在年度中既未增加投资，也未收回投资时，本年度利润=（-）-（-）=2) 在年度内增加投资20,000元时，本年度利润=-=3) 在年度内收回投资15,000元时，本年度利润=+=4) 在年度内收回投资32,000元，但又增加投资45,000元时，本年度利润=+-=练题三：所有者权益：项目金额资产 5000 费用 0 负债 0 收入 0 利润 01.银行存款 50002.投入资本贷：应付账款5）借：库存现金500贷：管理费用5002、修改后的文章如下：这一经济业务导致该企业的短期借款增加了8000元，而应付账款减少了同样的金额，属于“一项负债减少，另一项负债增加，增减金额相等”类型的业务。

第12章国民收入核算————计算题1.宏观经济学的研究对象。

宏观经济学研究的是社会总体的经济行为及其后果。

研究社会总体经济行为就是研究国民收入，即研究如何使国民收入稳定地（没有通胀和衰退）以较合适的速度增长。

2.宏观经济学研究的基本问题有哪些。

①经济波动及与此相联系的就业与失业问题；②价格水平及与此相联系的通胀问题；③经济增长问题。

两者之间的联系主要表现在：(1)需求曲线都是向右下方倾斜，供给曲线都是向右上方倾斜。

都是通过需求曲线和供给曲线的交点决定价格和产量。

（2）相互补充。

经济学研究的目的是实现社会经济福利的最大化。

为此，既要实现资源的最优配置，又要实现资源的充分利用。

微观经济学是在假设资源得到充分利用的前提下研究资源如何实现最优配置的问题，而宏观经济学是在假设资源已经实现最优配置的前提下研究如何充分利用这些资源。

它们共同构成经济学的基本框架。

(3)微观经济学和宏观经济学都以实证分析作为主要的分析和研究方法。

(4)微观经济学是宏观经济学的基础。

当代宏观经济学越来越重视微观基础的研究，即将宏观经济分析建立在微观经济主体行为分析的基础上。

（或者：(1)二者既密切相关，但又是不同的研究领域。

微观经济学侧重于个体和个量，而宏观经济学则侧重于整体和总量。

(2)二者就像树木与森林的关系。

总量（森林）是由个体（树木）集合而成的。

）4.影响宏观经济学发展的主要著作。

（围绕宏观经济学的主要思想流派）《就业、利息和货币通论》5.什么叫GDP？理解这一概念应注意哪些方面的问题？（名词解释）国内生产总值GDP是指经济社会（即一国或以地区）在一定时期内运用生产要素所生产的全部最终产品（物品和劳务）的市场价值。

注意：1、GDP是一个市场价值的概念。

（市场价值=市场单价*生产数量）2、GDP测度的是最终产品的价值，中间产品价值不计入GDP，否则会造成重复计算。

3、GDP是一定时期内（往往为一年）所生产而不是所销售卖掉的最终产品价值。

曼昆《经济学原理》（宏观）第五版测试题库（25）Chapter 25Production and GrowthTRUE/FALSE1. If per capita real income grows by 2 percent per year, then it will double in approximately 20 years.ANS: F DIF: 1 REF: 25-0NAT: Analytic LOC: Productivity and growth T OP: Economic growthMSC: Definitional2. Over the period 1870-2006, the United States experienced an average annual growth rate of real GDP perperson of about 4 percent per year.ANS: F DIF: 1 REF: 25-1NAT: Analytic LOC: Productivity and growth T OP: Economic growthMSC: Definitional3. In 2006, income per person in the United States was about 12 times that in India.ANS: T DIF: 1 REF: 25-1NAT: Analytic LOC: Productivity and growth T OP: Economic growthMSC: Definitional4. Over the period 1900-2006, Brazil’s rate of economic growth exceeded t hat of China.ANS: T DIF: 2 REF: 25-1NAT: Analytic LOC: Productivity and growth T OP: Economic growthMSC: Definitional5. If a country has a higher level of productivity than another, then it also has a higher level of real GDP.ANS: F DIF: 2 REF: 25-1NAT: Analytic LOC: Productivity and growth T OP: ProductivityMSC: Analytical6. International data on real GDP per person give us a sense of how standards of living vary across countries. ANS: T DIF: 1 REF: 25-1NAT: Analytic LOC: Productivity and growth T OP: Real GDPMSC: Definitional7. Real GDP per person in rich countries, such as Germany, is sometimes more than 10 times that of poorcountries like Pakistan.ANS: T DIF: 1 REF: 25-1NAT: Analytic LOC: Productivity and growth T OP: Standard of livingMSC: Definitional8. Both the standard of living and the growth of real GDP per person vary widely across countries.NAT: Analytic LOC: Productivity and growthTOP: Standard of living | Real GDP MSC: Definitional9. If they could increase their growth rates slightly, countries with low income would catch up with richcountries in about ten years.ANS: F DIF: 1 REF: 25-1NAT: Analytic LOC: Productivity and growthTOP: Economic growth | Catch-up effect MSC: Interpretive10. In the United States real GDP per person is about $44,000, while in some poor countries real GDP per personis less than $3,000.ANS: T DIF: 1 REF: 25-1NAT: Analytic LOC: Productivity and growth T OP: Economic growthMSC: Definitional168311. Although growth rates across countries vary some, rankings of countries by income remain pretty much thesame over time.ANS: F DIF: 1 REF: 25-1NAT: Analytic LOC: Productivity and growth T OP: Economic growthMSC: Definitional12. International data on the history of real GDP growth rates shows that over the last 100 years or so, richcountries got richer and poor countries got poorer.ANS: F DIF: 1 REF: 25-1NAT: Analytic LOC: Productivity and growth T OP: Economic growthMSC: Definitional13. Productivity can be computed as number of hours worked divided by output.ANS: F DIF: 1 REF: 25-2NAT: Analytic LOC: Productivity and growth T OP: ProductivityMSC: Definitional14. Indonesians, for example, have a lower standard of living than Americans because they have a lower level of productivity.ANS: T DIF: 1 REF: 25-2NAT: Analytic LOC: Productivity and growthTOP: Productivity | Standard of living MSC: Interpretive15. If Country A produces 6,000 units of goods and services using 600 hours of labor, and if Country Bproduces 5,000 units of goods and services using 450 units of labor, then productivity is higher in Country B than in Country A.NAT: Analytic LOC: Productivity and growth T OP: ProductivityMSC: Applicative16. Like physical capital, human capital is a produced factor of production.ANS: T DIF: 2 REF: 25-2NAT: Analytic LOC: Productivity and growthTOP: Physical capital | Human capital MSC: Interpretive17. Human capital is the term economists use to refer to the knowledge and skills that workers acquire through education, training, and experience.ANS: T DIF: 2 REF: 25-2NAT: Analytic LOC: Productivity and growth T OP: Human capitalMSC: Definitional18. A forest is an example of a nonrenewable resource.ANS: F DIF: 1 REF: 25-2NAT: Analytic LOC: Productivity and growth T OP: Natural resourcesMSC: Definitional19. Historical trends in the prices of most natural resources compared to prices of other goods indicate that natural resources have become scarcer over time.ANS: F DIF: 2 REF: 25-2NAT: Analytic LOC: Productivity and growth T OP: Natural resourcesMSC: Interpretive20. It is possible for a country without a lot of domestic natural resources to have a high standard of living. ANS: T DIF: 1 REF: 25-2NAT: Analytic LOC: Productivity and growthTOP: Natural resources | Standard of living MSC: Interpretiveword⽂档可⾃由复制编辑Chapter 25 /Production and Growth 1685 21. Constant returns to scale is the point on a production function where increasing inputs will no longer increaseoutput.ANS: F DIF: 2 REF: 25-2NAT: Analytic LOC: Productivity and growth T OP: Constant returns to scaleMSC: Interpretive22. As capital per worker rises, output per worker rises. However, the increase in output per worker from anaddition to capital is smaller, the larger is the existing amount of capital per worker.ANS: T DIF: 1 REF: 25-3NAT: Analytic LOC: Productivity and growth T OP: Production functionMSC: Analytical23. An increase in the saving rate does not permanently increase the growth rate of real GDP per person. ANS: T DIF: 2 REF: 25-3NAT: Analytic LOC: Productivity and growth T OP: Saving rateMSC: Definitional24. Other things the same, another unit of capital will increase output by more in a poor country than in a rich country.ANS: T DIF: 1 REF: 25-3NAT: Analytic LOC: Productivity and growthTOP: Productivity | Diminishing returns MSC: Interpretive25. The catch-up effect refers to the idea that poor countries, despite their best efforts, are not likely ever to experience the economic growth rates of wealthier countries.ANS: F DIF: 2 REF: 25-3NAT: Analytic LOC: Productivity and growth T OP: Catch-up effectMSC: Interpretive26. Two countries with the same saving rates must have the same growth rate of real GDP per person. ANS: F DIF: 1 REF: 25-3NAT: Analytic LOC: Productivity and growth T OP: Saving rate | Catch-up effectMSC: Definitional27. When Americans invest in Russia, the income of Russians (that is, Russian GNP) rises by more than does production in Russia (that is, Russian GDP).ANS: F DIF: 3 REF: 25-3NAT: Analytic LOC: Productivity and growth T OP: Foreign investmentMSC: Applicative28. If your company opens and operates a branch in a foreign country, you will be engaging in foreign direct investment.ANS: T DIF: 1 REF: 25-3NAT: Analytic LOC: International trade and finance TOP: Foreign investmentMSC: Definitional29. Investment in human capital has opportunity costs, but investment in physical capital does not.ANS: F DIF: 1 REF: 25-3NAT: Analytic LOC: Productivity and growthTOP: Opportunity costs | Human capital | Physical capital MSC: Interpretive30. Incentives for parents to send their children to school, such as small monthly payments to parents if their children have regular attendance, appear to increase school attendance.ANS: T DIF: 1 REF: 25-3NAT: Analytic LOC: Productivity and growth T OP: Economic growthMSC: Definitional31. A country that made its courts less corrupt and its government more stable would likely see its standard of living rise.ANS: T DIF: 1 REF: 25-3NAT: Analytic LOC: Productivity and growth T OP: Property rightsMSC: Definitional32. If a country made it easier for people to establish and prove the ownership of their property, real GDP per person would likely rise.ANS: T DIF: 1 REF: 25-3NAT: Analytic LOC: Productivity and growth T OP: Property rightsMSC: Interpretive33. Economists generally believe that inward-oriented policies are more likely to foster growth than outward oriented policies.ANS: F DIF: 1 REF: 25-3NAT: Analytic LOC: Productivity and growth T OP: Trade policyMSC: Definitional34. If a rich country reduced subsidies to domestic producers who produce goods for which poor countries have a comparative advantage, the standard of living in these poor countries would likely rise.ANS: T DIF: 1 REF: 25-3NAT: Analytic LOC: Productivity and growth T OP: Trade policyMSC: Definitional35. One reason that governments may find it useful to sponsor universities and basic research is that to a large extent knowledge is generally a private good.ANS: F DIF: 1 REF: 25-3NAT: Analytic LOC: Productivity and growth T OP: Public goodsMSC: Interpretive36. The population growth rate tends to be higher in developed countries than in developing countries.ANS: F DIF: 1 REF: 25-3NAT: Analytic LOC: Productivity and growth T OP: Population growthMSC: Definitional37. In countries where women are discriminated against, policies that increase the likelihood of career success and educational opportunities for women are likely to decrease the birth rate.ANS: T DIF: 1 REF: 25-3NAT: Analytic LOC: Productivity and growth T OP: Population growthMSC: Definitional38. Countries with high population growth rates tend to have lower levels of educational attainment.ANS: T DIF: 1 REF: 25-3NAT: Analytic LOC: Productivity and growth T OP: Population growthMSC: Definitional39. Studies confirm that controlling for other variables such as the percentage of GDP devoted to investment, poor countries tend to grow at a faster rate than rich countries.ANS: T DIF: 1 REF: 25-3NAT: Analytic LOC: Productivity and growth T OP: Catch-up effectMSC: Definitional40. An increase in capital increases productivity only if it is purchased and operated by domestic residents. ANS: F DIF: 1 REF: 25-3NAT: Analytic LOC: Productivity and growth T OP: Foreign investmentMSC: Definitionalword⽂档可⾃由复制编辑Chapter 25 /Production and Growth 1687 41. Other things the same, an economy’s f actors of production are likely to be used more effectively if there is aneconomywide respect for property rights.ANS: T DIF: 1 REF: 25-3NAT: Analytic LOC: Productivity and growth T OP: Property rightsMSC: Definitional42. Economist Michael Kremer found that world growth rates fell as population increased.ANS: F DIF: 1 REF: 25-3NAT: Analytic LOC: Productivity and growth T OP: Population growthMSC: DefinitionalSHORT ANSWER1. Use the data on U.S. real GDP below to compute real GDP per person for each year. Then use these numbersto compute the percentage increase in real GDP per person from 1987 to 2005.ANS:Real GDP per person in 1987 was $6,435,000/243= about $26,481. Income per person in 2005 was$11,092,000/296.6 = about $37,397. Income per person grew by (37,397 - 26,481)/26,481 = about 41.2 percent. DIF: 1 REF: 25-1 NAT: AnalyticLOC: Productivity and growth T OP: Real GDP | Economic growthMSC: Applicative2. Why is productivity related to the standard of living? In your answer be sure to explain what productivity andstandard of living mean. Make a list of things that determine labor productivity.ANS:The standard of living is a measure of how well people live. Income per person is an important dimension of the standard of living and is positively correlated with other things such as nutrition and life expectancy that make people better off. Productivity measures how much people can produce in an hour. As productivity increases, people can produce more (and use less to produce the same amount) and so their standard of living increases.The factors that determine labor productivity include the amounts of physical capital (equipment and structures), human capital (knowledge and skills), and natural resources available to workers, as well as the state of technological knowledge in society.DIF: 2 REF: 25-1 NAT: AnalyticLOC: Productivity and growth T OP: Productivity | Standard of livingMSC: Interpretive3. What is a production function? Write an equation for a typical production function, and explain what each ofthe terms represents.ANS:A production function is a mathematical representation of the relationship between the quantity of inputs used in production and the quantity of output produced using these inputs. A typical production function could be written as Y = A F(L, K, H, N), where Y denotes the quantity of output, L the quantity of labor, K the quantity of physical capital, H the quantity of human capital, N the quantity of natural resources, and A is a variable that reflects the available production technology.DIF: 2 REF: 25-2 NAT: AnalyticLOC: The Study of economics, and definitions of economics TOP: Production functionMSC: Interpretive4. What is the difference between human capital and technology?ANS:Technology is society's understanding of production techniques. Human capital is the labor force's understanding of these ideas. A society may have lots of information available about how to produce goods, but still have lots of people who know little of this information. For example, in the United States there exists information about how best to use a butter churn and how to make lye soap, but most people know nothing about it.DIF: 2 REF: 25-2 NAT: AnalyticLOC: Productivity and growth T OP: Human capital | TechnologyMSC: Interpretive5. The catch-up effect says that countries with low income can grow faster than countries with higher income.However, in statistical studies that include many diverse countries we do not observe the catch-up-effectunless we control for other variables that affect productivity. Considering the determinants of productivity, list and explain some things that would tend to prohibit or limit a poor country's ability to catch up with the rich ones.ANS:The argument that poor countries will tend to catch up with rich ones is based on the idea that another unit of capital will increase output more in a country that has little capital than one that has much capital. So, for a given share of GDP devoted to investment, a poor country will grow faster than a rich one.This argument assumes that other things are the same, but share of GDP invested may be lower in a poor country and the productivity of investment may be less. A politically unstable environment where property rights are unprotected or not securetends to discourage investment. A country that has limited trade because of legal restrictions or geography cannot focus on producing what it produces best and so has lower productivity. To get the most out of investment, or even simply to use some types of new investment, requires having workers who have acquired some basic human capital.DIF: 3 REF: 25-3 NAT: AnalyticLOC: Productivity and growth T OP: Catch-up effectMSC: Analytical6. Some data that at first might seem puzzling: The share of GDP devoted to investment was similar for theUnited States and South Korea from 1960-1991. However, during these same years South Korea had a 6percent growth rate of average annual income per person, while the United States had only a 2 percent growth rate. If the saving rates were the same, why were the growth rates so different?ANS:The explanation is based on the concept of diminishing returns to capital. A country that has a lot of income, and so a lot of capital, gains less by adding more capital than does a country that currently has little capital. It is easy to envision how a poor country without much capital could increase its output considerably with even a little more capital.DIF: 2 REF: 25-3 NAT: AnalyticLOC: Productivity and growth T OP: Investment | Catch-up effect | Diminishing returnsMSC: Analytical7. In addition to investment in physical and human capital, what other public policies might a country adopt toincrease productivity?ANS:In addition to investment in physical and human capital, a country might increase productivity by (a) specifying and enforcing property rights, (b) encouraging free trade, (c) controlling population growth, and (d) promoting research and development. DIF: 2 REF: 25-3 NAT: AnalyticLOC: Productivity and growth T OP: Productivity MSC: Definitionalword⽂档可⾃由复制编辑Chapter 25 /Production and Growth 1689 8. Why does a nation’s standard of living depend on property rights?ANS:Property rights are an important prerequisite for the price system to work in a market economy. If an individual or company is not confident that claims over property or over the income from property can be protected, or that contracts can be enforced, there will be little incentive for individuals to save, invest, or start new businesses. Likewise, there will be little incentive for foreigners to invest in the real or financial assets of the country. The distortion of incentives will reduce efficiency in resource allocation and will reduce saving and investment which in turn will reduce the standard of living.DIF: 2 REF: 25-3 NAT: AnalyticLOC: Productivity and growth T OP: Property rightsMSC: Interpretive9. How do outward-oriented policies affect a nation's productivity?ANS:Most economists believe that poor nations are better off pursuing outward-oriented policies that promote free trade. Countries that use their comparative advantage in trade are, in effect, helping themselves through the gains from trade in the same way that nations that develop new technology raise their standard of living. Hence, a country that eliminates trade restrictions will experience the same kind of economic growth that would occur after a major technological advance. Inward-oriented tradepolicies are akin to a country choosing to restrict the use of superior technologies.DIF: 1 REF: 25-3 NAT: AnalyticLOC: Productivity and growth T OP: Economic growthMSC: Interpretive10. At first patents might seem like a deterrent to growth because in effect they restrict the use of new technology.Yet many economists believe that patents generate growth. Explain why.ANS:Once someone comes up with an idea it is often easy for others to take advantage of it so that the idea becomes part of a society’s knowledge. So, knowledge is frequently a public good. Without patents an inventor’s reward for research and development of a good idea would be smaller. So, patents increase the incentives for firms and individuals to engage in research. The negative consequences of temporarily restricting the use of new ideas with patents is outweighed by the increase in new ideas that patents induce.DIF: 2 REF: 25-3 NAT: AnalyticLOC: Productivity and growth T OP: Economic growthMSC: Interpretive11. Some economists argue that it is possible to raise the standard of living by reducing population growth. As an economist interested in incentives rather than coercion, what kind of policy would you recommend to slow population growth?ANS:Since bearing a child has an opportunity cost, policies designed to increase the opportunity cost of bearing children would likely reduce population growth rates. In particular, women with the opportunity to receive a good education and desirable employment tend to want to have fewer children than do those with fewer opportunities outside the home. Hence, policies designed to increase educational and employment opportunities for women will likely reduce population growth rates without coercion.DIF: 2 REF: 25-3 NAT: AnalyticLOC: Productivity and growth T OP: Population growth | Standard of livingMSC: Interpretive12. Compare and contrast the population theories of Malthus and Kremer.ANS:The difference is that Malthus predicted that population growth would be greater than growth in the ability to increase output. He believed that people would continue to populate the earth until output reached a subsistence level. On the other hand Kremer argues that population growth increased productivity allowing people to improve their standard of living despite growing population. Kremer argues that with more population comes more innovations. The improvements in technology outweighed any adverse impact of the increase in population on the standard of living.DIF: 2 REF: 25-3 NAT: AnalyticLOC: Productivity and growth T OP: Population growth | EconomistsMSC: InterpretiveSec00 - Production and GrowthMULTIPLE CHOICE1. The average income in a rich country, such as the United States or Japan, is more thana. 3 times, but less than 5 times, the average income in a poor country, such as Indonesia or Nigeria.b. 5 times, but less than 10 times, the average income in a poor country, such as Indonesia or Nigeria.c.10 times, but less than 20 times, the average income in a poor country, such as Indonesia orNigeria.d.more than 20 times the average income in a poor country, such as Indonesia or Nigeria.ANS: C DIF: 1 REF: 25-0NAT: Analytic LOC: Productivity and growth T OP: Economic growthMSC: Definitional2. Over the past century in the United States, real GDP per person has grown, on average, by abouta. 1 percent per year.b. 2 percent per year.c. 3 percent per year.d. 5 percent per year.ANS: B DIF: 1 REF: 25-0NAT: Analytic LOC: Productivity and growth T OP: Economic growthMSC: Definitional3. During the past century the average growth rate of U.S. real GDP per person implies that it doubled, on average, about everya.100 years.b.70 years.c.35 years.d.25 years.ANS: C DIF: 1 REF: 25-0NAT: Analytic LOC: Productivity and growth T OP: Economic growthMSC: Interpretive4. In the United States, as measured by real GDP per person, average income is about how many times as high as average income a century ago?a.2b.4c.6d.8ANS: D DIF: 1 REF: 25-0NAT: Analytic LOC: Productivity and growth T OP: Economic growthMSC: Definitionalword⽂档可⾃由复制编辑Chapter 25 /Production and Growth 16915. Over the last century, U.S. real GDP per person grew at a rate of abouta. 2 percent per year, so that it is now 2 times as high as it was a century ago.b. 2 percent per year, so that it is now 8 times as high as it was a century ago.c. 4 percent per year, so that it is now 2 times as high as it was a century ago.d. 4 percent per year, so that it is now 8 times as high as it was a century ago.ANS: B DIF: 1 REF: 25-1NAT: Analytic LOC: Productivity and growth T OP: Economic growthMSC: Definitional6. Over the past 100 years, U.S. real GDP per person has doubled about every 35 years. If, in the next 100 years, it doubles every 25 years, then a century from now U.S. real GDP per person will bea. 4 times higher than it is now.b.8 times higher than it is now.c.12 times higher than it is now.d.16 times higher than it is now.ANS: D DIF: 2 REF: 25-1NAT: Analytic LOC: Productivity and growth T OP: Economic growthMSC: Interpretive7. Over the past century in the United States, average income as measured by real GDP per person has grown abouta. 4 percent per year, which implies a doubling about every 18 years.b. 4 percent per year, which implies a doubling about every 8 years.c. 2 percent per year, which implies a doubling about every 35 years.d. 2 percent per year, which implies a doubling about every 18 years.ANS: C DIF: 2 REF: 25-1NAT: Analytic LOC: Productivity and growth T OP: Economic growthMSC: Interpretive8. In which of the following countries has economic growth been sufficiently strong in recent history to propel that country from being among the poorest in the world to being among the richest in the world?a.Indiab.Mexicoc.Nigeriad.SingaporeANS: D DIF: 1 REF: 25-0NAT: Analytic LOC: Productivity and growth T OP: Economic growthMSC: Definitional9. Average income has been stagnant for many years ina.Argentina.b.Singapore.c.Nigeria.d.All of the above are correct.ANS: C DIF: 1 REF: 25-1NAT: Analytic LOC: Productivity and growth T OP: Economic growthMSC: Definitional10. Which of the following statements is correct?a.The level of real GDP is a good gauge of economic prosperity, and the growth of real GDP is agood gauge of economic progress.b.The level of real GDP is a good gauge of economic progress, and the growth of real GDP is a goodgauge of economic prosperity.c.The level of real GDP is a good gauge of economic prosperity, and the level of real GDP per personis a good gauge of economic progress.d.The level of real GDP is a good gauge of economic progress, and the level of real GDP per personis a good gauge of economic prosperity.ANS: A DIF: 2 REF: 25-0NAT: Analytic LOC: Productivity and growth T OP: Economic growthMSC: InterpretiveSec01 - Production and Growth - Economic Growth around the WorldMULTIPLE CHOICE1. You are told that Country A experienced growth of real GDP per person of 4 percent per year throughout the 1900s. In view of other countries’ experience, you would have to characterize Country A’s growth asa.exceptionally high.b.moderately high.c.moderately low.d.exceptionally low.ANS: A DIF: 1 REF: 25-1NAT: Analytic LOC: Productivity and growth T OP: Economic growthMSC: Interpretive2. You are told that Country A experienced growth of real GDP per person of 0.5 percent per year throughout the 1900s. In view of other countries’ experience, you would have to characterize Country A’s growth asa.exceptionally high.b.moderately high.c.moderately low.d.exceptionally low.ANS: D DIF: 1 REF: 25-1NAT: Analytic LOC: Productivity and growth T OP: Economic growthMSC: Interpretive3. As of 2006, using real GDP per person as a measure, we would classifya.the United States and Mexico as advanced economies and Bangladesh as a middle-income country.b.Canada as an advanced economy, Mexico as a middle-income country, and Mali as a poor country.c.Japan and India as advanced economies and Mexico as a poor country.d.Japan as an advanced economy, the United Kingdom as a middle-income country, and Argentina asa poor country.ANS: B DIF: 2 REF: 25-1NAT: Analytic LOC: Productivity and growth T OP: Standard of livingMSC: Interpretive4. Over the period 1900-2006, which of the following countries experienced the highest average annual growth rate of real GDP per person?a.Indonesiab.Indiac.Pakistand.BrazilANS: D DIF: 2 REF: 25-1NAT: Analytic LOC: Productivity and growth T OP: Economic growthMSC: Definitionalword⽂档可⾃由复制编辑。

Chapter 18The Markets For the Factors of ProductionTRUE/FALSE1. If the marginal productivity of the sixth worker hired is less than the marginal productivity of the fifth workerhired, then the addition of the sixth worker causes total output to decline.ANS: F DIF: 2 REF: 18-1NAT: Analytic LOC: Labor markets TOP: Marginal product of laborMSC: Interpretive2. In 2008, the total income of all U.S. residents was approximately $120 billion.ANS: F DIF: 1 REF: 18-0NAT: Analytic LOC: Labor markets TOP: IncomeMSC: Interpretive3. In order to calculate the value of the marginal product of labor, a manager must know the marginal product oflabor and the wage rate of the worker.ANS: F DIF: 2 REF: 18-1NAT: Analytic LOC: Labor marketsTOP: Value of the marginal product MSC: Interpretive4. Let L represent the quantity of labor and let Q represent the quantity of output. Suppose a certain productionfunction includes the points (L = 7, Q = 27), (L = 8, Q = 35), and(L = 9, Q = 45). Based on these three points, this production function exhibits diminishing marginal product. ANS: F DIF: 2 REF: 18-1NAT: Analytic LOC: The study of economics, and definitions of economicsTOP: Diminishing marginal product MSC: Applicative5. When a competitive firm hires labor up to the point at which the value of the marginal product of labor equalsthe wage, it also produces up to the point at which the price of output equals average variable cost.ANS: F DIF: 3 REF: 18-1NAT: Analytic LOC: The study of economics, and definitions of economicsTOP: Competitive firms | Profit maximization MSC: Applicative6. The demand for computer programmers is inseparably tied to the supply of computer software.ANS: T DIF: 1 REF: 18-1NAT: Analytic LOC: Labor markets TOP: Labor demandMSC: Interpretive7. If Firm X is a competitive firm in the market for labor, it has little influence over the wage it pays itsemployees.ANS: T DIF: 1 REF: 18-1NAT: Analytic LOC: Labor markets TOP: Labor demandMSC: Interpretive8. The idea that rational employers think at the margin is central to understanding how many units of labor theychoose to employ.ANS: T DIF: 1 REF: 18-1NAT: Analytic LOC: Labor markets TOP: Labor demandMSC: Interpretive9. For competitive firms, the curve that represents the value of marginal product of labor is the same as thedemand for labor curve.ANS: T DIF: 2 REF: 18-1NAT: Analytic LOC: Labor marketsTOP: Labor demand | Value of the marginal product MSC: Interpretive12191220 Chapter 18/The Markets For the Factors of Production10. The value of the marginal product of labor can be calculated as the price of the final good minus the marginalproduct of labor.ANS: F DIF: 2 REF: 18-1NAT: Analytic LOC: Labor marketsTOP: Value of the marginal product MSC: Analytical11. To compute the value of the marginal product of capital, you should multiply the market price of the good bythe marginal product of capital.ANS: T DIF: 2 REF: 18-1NAT: Analytic LOC: Labor marketsTOP: Value of the marginal product MSC: Analytical12. A profit-maximizing competitive firm will hire workers up to the point at which the wage equals the price ofthe final good.ANS: F DIF: 2 REF: 18-1NAT: Analytic LOC: Labor marketsTOP: Labor demand | Value of the marginal product MSC: Analytical13. A profit-maximizing competitive firm will hire workers up to the point at which the wage equals the marginalproduct of labor.ANS: F DIF: 2 REF: 18-1NAT: Analytic LOC: Labor marketsTOP: Labor demand | Marginal product of labor MSC: Analytical14. Technological advances can cause the labor demand curve to shift.ANS: T DIF: 2 REF: 18-1NAT: Analytic LOC: Labor markets TOP: Labor demandMSC: Applicative15. In the United States, technological advances help explain persistently rising employment in the face of risingwages.ANS: T DIF: 2 REF: 18-1NAT: Analytic LOC: Labor markets TOP: Labor demandMSC: Applicative16. The term Luddite refers to “tekkies” or people who are the first to adopt new technological advances.ANS: F DIF: 1 REF: 18-1NAT: Analytic LOC: Labor markets TOP: Labor demandMSC: Definitional17. Labor-saving technological advances increase the marginal productivity of labor.ANS: F DIF: 1 REF: 18-1NAT: Analytic LOC: Labor markets TOP: Labor demandMSC: Definitional18. Labor-saving technological advances decrease the marginal productivity of labor.ANS: T DIF: 1 REF: 18-1NAT: Analytic LOC: Labor markets TOP: Labor demandMSC: Definitional19. Labor-augmenting technological advances increase the marginal productivity of labor.ANS: T DIF: 1 REF: 18-1NAT: Analytic LOC: Labor markets TOP: Labor demandMSC: Definitional20. Labor-augmenting technological advances decrease the marginal productivity of labor.ANS: F DIF: 1 REF: 18-1NAT: Analytic LOC: Labor markets TOP: Labor demandMSC: DefinitionalChapter 18/The Markets For the Factors of Production 1221 21. An increase in a product’s p rice will shift the labor demand curve for that product to the left.ANS: F DIF: 1 REF: 18-1NAT: Analytic LOC: Labor markets TOP: Labor demandMSC: Definitional22. The quantity available of one factor of production can affect the marginal product of other factors.ANS: T DIF: 2 REF: 18-1NAT: Analytic LOC: Labor marketsTOP: Marginal product of labor | Factor markets MSC: Applicative23. In a competitive market for labor, the equilibrium wage always equals the value of the marginal product. ANS: T DIF: 2 REF: 18-1NAT: Analytic LOC: Labor marketsTOP: Value of the marginal product MSC: Applicative24. From 1960 to 2000, inflation-adjusted wages increased by 131 percent in the U.S. As a result, firms reducedthe amount of labor they employed by nearly 20 percent.ANS: F DIF: 2 REF: 18-1NAT: Analytic LOC: Labor markets TOP: Labor demandMSC: Interpretive25. The labor-supply curve is affected by the trade-off between labor and leisure.ANS: T DIF: 2 REF: 18-2NAT: Analytic LOC: Labor markets TOP: Labor supplyMSC: Interpretive26. The opportunity cost of leisure is impossible to measure, since we can't measure leisure time in dollars. ANS: F DIF: 2 REF: 18-2NAT: Analytic LOC: Labor markets TOP: Labor supplyMSC: Interpretive27. The labor supply curve reflects how workers' decisions about the labor-leisure tradeoff respond to changes inthe opportunity cost of leisure.ANS: T DIF: 2 REF: 18-2NAT: Analytic LOC: Labor markets TOP: Labor supplyMSC: Interpretive28. Labor supply curves are always upward sloping.ANS: F DIF: 2 REF: 18-2NAT: Analytic LOC: Labor markets TOP: Labor supplyMSC: Interpretive29. When an individual’s income goes up, that individual may choose to supply less labor, resulting in abackward-sloping labor supply curve.ANS: T DIF: 2 REF: 18-2NAT: Analytic LOC: Labor markets TOP: Labor supplyMSC: Interpretive30. The supply of labor in any one market depends on the opportunities available in other markets.ANS: T DIF: 2 REF: 18-2NAT: Analytic LOC: Labor markets TOP: Labor supplyMSC: Applicative31. Movements of workers from country to country can cause shifts in the labor supply curves for both countries. ANS: T DIF: 2 REF: 18-2NAT: Analytic LOC: Labor markets TOP: Labor supplyMSC: Applicative1222 Chapter 18/The Markets For the Factors of Production32. If the demand for labor in a particular industry increases, the equilibrium wage in that industry will alsoincrease.ANS: T DIF: 2 REF: 18-3NAT: Analytic LOC: Labor markets TOP: Labor-market equilibrium MSC: Analytical33. If the demand for labor decreases and the supply of labor is unchanged, then the opportunity cost of leisurewill decrease.ANS: T DIF: 2 REF: 18-3NAT: Analytic LOC: Understanding and applying economic modelsTOP: Opportunity cost | Wages MSC: Interpretive34. Profit maximization by firms ensures that the equilibrium wage always equals the value of the marginalproduct of capital.ANS: F DIF: 2 REF: 18-3NAT: Analytic LOC: Understanding and applying economic modelsTOP: Marginal product | Wages MSC: Interpretive35. As the number of concrete workers in the United States falls, the wage paid to the remaining concrete workerswill necessarily fall as well.ANS: F DIF: 2 REF: 18-3NAT: Analytic LOC: Labor markets TOP: Labor-market equilibrium MSC: Applicative36. Oil field workers' wages are directly tied to the world price of oil.ANS: T DIF: 1 REF: 18-3NAT: Analytic LOC: Labor markets TOP: Labor-market equilibrium MSC: Applicative37. Changes in supply and demand in the labor market will cause changes in wages.ANS: T DIF: 1 REF: 18-3NAT: Analytic LOC: Labor markets TOP: Labor-market equilibrium MSC: Definitional38. In general, less productive workers are paid less than more productive workers.ANS: T DIF: 1 REF: 18-3NAT: Analytic LOC: Labor markets TOP: Labor-market equilibrium MSC: Applicative39. Increases in productivity are not responsible for increased standards of living in the United States.ANS: F DIF: 2 REF: 18-3NAT: Analytic LOC: Labor markets TOP: Factor marketsMSC: Applicative40. Average productivity can be measured as total output divided by total units of labor.ANS: T DIF: 1 REF: 18-3NAT: Analytic LOC: Labor markets TOP: Factor marketsMSC: Definitional41. The rental price of capital is the price a person pays to own the capital indefinitely.ANS: F DIF: 2 REF: 18-4NAT: Analytic LOC: Understanding and applying economic modelsTOP: Capital market MSC: Interpretive42. The marginal product of land depends on the quantity of land that is available.ANS: T DIF: 2 REF: 18-4NAT: Analytic LOC: Labor markets TOP: Land marketsMSC: InterpretiveChapter 18/The Markets For the Factors of Production 1223 43. For a snow-removal business, the capital stock would include inputs such as snow blowers and shovels. ANS: T DIF: 1 REF: 18-4NAT: Analytic LOC: Labor markets TOP: CapitalMSC: Definitional44. The demand curve for each factor of production equals the value of the marginal product of that factor. ANS: T DIF: 2 REF: 18-4NAT: Analytic LOC: Labor markets TOP: Factor marketsMSC: Interpretive45. Capital income does not include income paid to households for the use of their capital.ANS: F DIF: 2 REF: 18-4NAT: Analytic LOC: Labor markets TOP: Capital incomeMSC: Definitional46. Firms pay out a portion of their earnings in the form of interest and dividends, and those payments are aportion of the economy's capital income.ANS: T DIF: 2 REF: 18-4NAT: Analytic LOC: Labor markets TOP: Capital incomeMSC: Definitional47. When a firm decides to retain its earnings instead of paying dividends, the stockholders necessarily suffer. ANS: F DIF: 2 REF: 18-4NAT: Analytic LOC: Labor markets TOP: CapitalMSC: Interpretive48. Capital owners are compensated according to the value of the marginal product of that capital.ANS: T DIF: 2 REF: 18-4NAT: Analytic LOC: Labor markets TOP: CapitalMSC: Interpretive49. A change in the supply of any one factor alters the earnings of all the other factors.ANS: T DIF: 2 REF: 18-4NAT: Analytic LOC: Labor markets TOP: Factor marketsMSC: Interpretive50. If the output price of a product rises, the demand for capital will increase, raising the rental price of capital. ANS: T DIF: 1 REF: 18-4NAT: Analytic LOC: Labor markets TOP: CapitalMSC: Applicative51. Suppose the supply of capital decreases. As a result, the quantity of capital used in production and the rentalprice of capital will both fall.ANS: F DIF: 2 REF: 18-4NAT: Analytic LOC: Labor markets TOP: CapitalMSC: Analytical52. Suppose an influenza pandemic were to significantly decrease the population of a country. We would predicta decrease in the marginal product of land in that country.ANS: T DIF: 2 REF: 18-4NAT: Analytic LOC: Labor markets TOP: Land marketsMSC: Analytical1224 Chapter 18/The Markets For the Factors of ProductionSHORT ANSWER1. Describe the difference between a diminishing marginal product of labor and a negative marginal product oflabor. Why would a profit-maximizing firm always choose to operate where the marginal product of labor is decreasing (but not negative)?ANS:Diminishing marginal product of labor means that the last worker hired contributes less to the total output of thefirm than the worker who was hired just previous to her. Negative marginal product of labor suggests that the last person hired actually causes total output of the firm to decline. The firm evaluates the benefit of hiring (added revenue) versus the added cost of hiring (wage). In competitive markets, the cost and benefit converge only when marginal product declines. If the marginal product of labor is negative, hiring an additional worker would actually decrease revenue. A profit-maximizing firm would never choose to operate where marginal product is rising because hiring an additional worker would increase the “value” a worker contributes to the firm, while costs remain constant. Thus, the firm will choose to operate where marginal product of labor is decreasing.DIF: 2 REF: 18-1TOP: Diminishing marginal product MSC: Analytical2. Explain how a firm values the contribution of workers to its profitability. Would a profit-maximizingcompetitive firm ever stop increasing employment as long as marginal product is rising? Explain your answer. ANS:A firm values the contribution of a worker by evaluating the worker's individual contribution to firm revenue. Thisis done by multiplying the worker’s marginal product by the output price received for his production. Aprofit-maximizing firm would never choose to operate where marginal product is rising because hiring an additional worker would increase the "value" a worker contributes to the firm and cost would remain constant. As such, value and cost diverge as long a marginal product is increasing, and it is always more profitable to continue to hire more workers.DIF: 2 REF: 18-1 TOP: Marginal product of laborMSC: Analytical3. In the 1980s, the dangerous Ebola virus entered the United States through contaminated monkeys that wereimported for use in medical experiments. Suppose this virus had not been contained but had spread to thegeneral population. Assume that the virus is lethal in half of the people who are exposed to it. Describe the resulting effect on labor productivity.ANS:There are two possible direct effects: One effect would be that people would be absent from work if they caught the virus (but did not die) and so marginal productivity would be higher for the remaining workers. The other effect is that people who caught the virus would die, the labor supply would decrease, and the remaining workers would have a higher marginal product of labor. While the marginal productivity of the remaining workers increases, total output would still fall.DIF: 2 REF: 18-3 TOP: Marginal product of laborMSC: Analytical4. Using the theory of wage determination, explain why wages in developing countries. where levels of capitalare small, are typically quite low.ANS:Wages are determined by the value of workers to firms. In many developing countries, the level of capital is quite small, and so worker productivity is quite low. Workers are not able to contribute as much value to a firm as their counterparts in countries that have more capital to complement their labor efforts. Since marginal productivity is low, wages are low.DIF: 2 REF: 18-3 TOP: CapitalMSC: AnalyticalChapter 18/The Markets For the Factors of Production 1225 5. A recent flood in the Midwest has destroyed much of the farmland that lies in fertile regions near the rivers.Describe the effect of the flood on the marginal productivity of land, labor, and capital. How would the flood affect the price of inputs? Provide some examples.ANS:The flood would increase the marginal product of unflooded land, lower the marginal product of labor, and lower the marginal product of capital. As such, the price of unflooded land should rise, and the prices of both labor and capital should fall.DIF: 2 REF: 18-3 TOP: Land marketsMSC: Analytical6. Describe the process by which the market for capital and the market for land reach equilibrium. As part ofyour description, elaborate on the role of the stock of the resource versus the flow of services from theresource.ANS:Equilibriums in the markets for land and capital are governed by the value of marginal product for these factors relative to their supply. One difference between these markets and the market for labor is that in land and capital markets there is both a rental value (flow) and purchase price (stock). The difference between the rental value and purchase price is reconciled by noting that in efficient markets, the purchase price should reflect the value of the stream of services provided by the land or capital (or the sum of rental values appropriately discounted).DIF: 3 REF: 18-4TOP: Capital markets | Land markets MSC: Analytical7. Describe the difference between the purchase price of capital and the rental price of capital. If you know thevalue of marginal product from the flow of capital services, how would you determine the market price for the capital stock?ANS:The purchase price of capital is a reflection of the flow of value in using that capital to produce goods and services over its life span. The rental price of capital is the period-specific contribution of capital to production of goods and services. The discounted present value of rental prices over the life of the capital equipment should be equal to its purchase price.DIF: 3 REF: 18-4 TOP: CapitalMSC: AnalyticalSec00 - The Markets for the Factors of ProductionMULTIPLE CHOICE1. In 2008, the total income of all U.S. residents was abouta.$12 billion.b.$14 billion.c.$12 trillion.d.$14 trillion.ANS: D DIF: 1 REF: 18-0NAT: Analytic LOC: Labor markets TOP: Factor marketsMSC: Definitional2. Capital, labor, and landa.have derived demands.b.are factors of production.c.are inputs used in the production of goods and services.d.All of the above are correct.ANS: D DIF: 1 REF: 18-0NAT: Analytic LOC: Labor markets TOP: Factors of productionMSC: Definitional1226 Chapter 18/The Markets For the Factors of Production3. Most of the total income earned in the U.S. economy is ultimately paid toa.households in the form of wages and fringe benefits.ndowners in the form of rent.ndowners in the form of interest.ndowners in the form of profit.ANS: A DIF: 2 REF: 18-0NAT: Analytic LOC: Labor markets TOP: Factor marketsMSC: Definitional4. Since workers in the U.S. economy receive most of the total income earned, which of the following factors ofproduction is considered to be the most important?a.Profitb.Wagesc.InterestborANS: D DIF: 1 REF: 18-0NAT: Analytic LOC: Labor markets TOP: Factor marketsMSC: Definitional5. How much of the income in the United States is earned by workers in the form of wages and fringe benefits?a.about 25 percentb.about 50 percentc.about 75 percentd.about 87 percentANS: C DIF: 1 REF: 18-0NAT: Analytic LOC: Labor markets TOP: Factor marketsMSC: DefinitionalSec01 - The Markets for the Factors of Production - The Demand for Labor MULTIPLE CHOICE1. The production function is thea.increase in the amount of output from an additional unit of labor.b.marginal product of an input times the price of output.c.relationship between the quantity of inputs and output.d.shift in labor demand caused by a change in the price of output.ANS: C DIF: 1 REF: 18-1 NAT: AnalyticLOC: Labor markets TOP: Production functionMSC: DefinitionalTable 18-12. Refer to Table 18-1.Which firm’s production function exhibits diminishing marginal product?a.Firm Ab.Firm Bc.Firm Cd.Firm DANS: C DIF: 2 REF: 18-1 NAT: AnalyticLOC: Labor markets TOP: Diminishing marginal productMSC: AnalyticalChapter 18/The Markets For the Factors of Production 1227 Scenario 18-1Harry owns a snow-removal business. He hires workers to shovel driveways for him during the winter. The first worker he hires can shovel twelve driveways in one day. When Harry hires two workers, they can shovel a total of 22 driveways in one day. When Harry hires a third worker, he shovels an additional eight driveways in one day.3. Refer to Scenario 18-1.What is the marginal productivity of the second worker?a.7b.10c.12d.22ANS: B DIF: 2 REF: 18-1 NAT: AnalyticLOC: Labor markets TOP: Marginal product of laborMSC: Analytical4. Refer to Scenario 18-1.What is the total productivity of three workers?a.12b.22c.30d.42ANS: C DIF: 2 REF: 18-1 NAT: AnalyticLOC: Labor markets TOP: Marginal product of laborMSC: Analytical5. Refer to Scenario 18-1.Suppose that Harry pays each worker $80 per day and that he charges eachcustomer $20 to have his driveway shoveled. What is the value of the marginal product of labor for thesecond worker?a.$200b.$240c.$800d.$960ANS: A DIF: 2 REF: 18-1 NAT: AnalyticLOC: Labor markets TOP: Value of the marginal productMSC: Analytical6. Refer to Scenario 18-1.Suppose that Harry pays each worker $80 per day and that he charges eachcustomer $20 to have his driveway shoveled. What is the value of the marginal product of labor for the third worker?a.$160b.$640c.$1,600d.$2,400ANS: A DIF: 2 REF: 18-1 NAT: AnalyticLOC: Labor markets TOP: Value of the marginal productMSC: Analytical1228 Chapter 18/The Markets For the Factors of ProductionTable 18-2The following table shows the production function for a particular business. The numbers represent the various labor and output combinations the firm may choose for its output on a daily basis.7. Refer to Table 18-2.What is the marginal product of the third unit of labor?a.40 unitsb.50 unitsc.60 unitsd.180 unitsANS: B DIF: 1 REF: 18-1 NAT: AnalyticLOC: Labor markets TOP: Marginal product of laborMSC: Analytical8. Refer to Table 18-2.What is the marginal product of the fifth unit of labor?a.30 unitsb.40 unitsc.50 unitsd.250 unitsANS: A DIF: 1 REF: 18-1 NAT: AnalyticLOC: Labor markets TOP: Marginal product of laborMSC: Analytical9. Refer to Table 18-2.Suppose this firm charges a price of $5 per unit of output and pays workers a wageequal to $160 per day. What is the value of the marginal product of labor for the second worker?a.$300b.$650c.$9,600d.$20,800ANS: A DIF: 2 REF: 18-1 NAT: AnalyticLOC: Labor markets TOP: Value of the marginal productMSC: Analytical10. Refer to Table 18-2.Suppose this firm charges a price of $5 per unit of output and pays workers a wageequal to $160 per day. What is the value of the marginal product of labor for the fourth worker?a.$200b.$1,000c.$6,400d.$32,000ANS: A DIF: 2 REF: 18-1 NAT: AnalyticLOC: Labor markets TOP: Value of the marginal productMSC: Analytical11. Refer to Table 18-2.Suppose this firm charges a price of $5 per unit of output and pays workers a wageequal to $160 per day. How many workers should this firm hire to maximize its profit?a. 2 workersb. 3 workersc. 4 workersd. 5 workersANS: C DIF: 2 REF: 18-1 NAT: AnalyticLOC: Labor marketsTOP: Value of the marginal product | Profit maximization MSC: Analytical12. The value of the marginal product of labora.increases when the price of output decreases.b.is the firm’s demand for labor.c.equals the marginal product of labor divided by the wage rate.d.All of the above are correct.ANS: B DIF: 2 REF: 18-1 NAT: AnalyticLOC: Labor markets TOP: Value of the marginal productMSC: Analytical13. Which of the following statements is correct?a.An increase in the supply of other factors, such as capital, will increase the demand for labor.bor-saving technology will increase the demand for labor.bor-augmenting technology will decrease the demand for labor.d. A decrease in the price of output will increase the demand for labor.ANS: A DIF: 3 REF: 18-1 NAT: AnalyticLOC: Labor markets TOP: Labor demandMSC: Interpretive14. Suppose that a competitive firm hires labor up to the point at which the value of the marginal product equalsthe wage. If the firm pays a wage of $700 per week and the marginal product of labor equals 20 units per week, then the marginal cost of producing an additional unit of output isa.$35b.$70c.$700d.We do not have enough information to answer this question.ANS: A DIF: 3 REF: 18-1 NAT: AnalyticLOC: Labor markets TOP: Marginal product of laborMSC: Analytical15. Suppose that a competitive firm hires labor up to the point at which the value of the marginal product equalsthe wage. If the firm pays a wage of $700 per week and the marginal product of labor equals 100 units per week, then the marginal cost of producing an additional unit of output isa.$7b.$70c.$700d.We do not have enough information to answer this question.ANS: A DIF: 3 REF: 18-1 NAT: AnalyticLOC: Labor markets TOP: Marginal product of laborMSC: AnalyticalFigure 18-1.On the graph, L represents the quantity of labor and Q represents the quantity of output per week.16. Refer to Figure 18-1.The figure illustrates thea.demand for labor.b.supply of labor.c.production function.d.wage function.ANS: C DIF: 1 REF: 18-1 NAT: AnalyticLOC: The study of economics, and definitions of economics TOP: Production functionMSC: Definitional17. Refer to Figure 18-1.The marginal product of the second worker isa.90 units of output.b.105 units of output.c.210 units of output.d.330 units of output.ANS: A DIF: 2 REF: 18-1 NAT: AnalyticLOC: The study of economics, and definitions of economics TOP: Marginal product of labor MSC: Applicative18. Refer to Figure 18-1.The marginal product of the fourth worker isa.60 units of output.b.75 units of output.c.285 units of output.d.345 units of output.ANS: A DIF: 2 REF: 18-1 NAT: AnalyticLOC: The study of economics, and definitions of economics TOP: Marginal product of labor MSC: Applicative19. Refer to Figure 18-1.Suppose the firm hires each unit of labor for $600 per week, and each unit of outputsells for $9. What is the value of the marginal product of the third worker?a.$540b.$600c.$675d.$810ANS: C DIF: 2 REF: 18-1 NAT: AnalyticLOC: Labor markets TOP: Marginal revenue productMSC: Applicative20. Refer to Figure 18-1.Suppose the firm sells its output for $12 per unit, and it pays each of its workers $700per week. The value of the marginal product of the fifth worker isa.$540b.$700c.$720d.$1,080ANS: A DIF: 2 REF: 18-1 NAT: AnalyticLOC: Labor markets TOP: Marginal revenue productMSC: Applicative21. Refer to Figure 18-1.Suppose the firm hires each unit of labor for $700 per week, and each unit of outputsells for $9. How many workers will the firm hire to maximize its profit?a.2b.3c.4d.5ANS: A DIF: 2 REF: 18-1 NAT: AnalyticLOC: Labor markets TOP: Marginal revenue product | Profit maximizationMSC: Applicative22. Refer to Figure 18-1.Suppose the firm sells its output for $12 per unit, and it pays each of its workers$700 per week. How many workers will the firm hire to maximize its profit?a.2b.3c.4d.5ANS: C DIF: 2 REF: 18-1 NAT: AnalyticLOC: Labor markets TOP: Marginal revenue product | Profit maximizationMSC: Applicative23. Refer to Figure 18-1.Suppose the firm sells its output for $15 per unit, and it pays each of its workers $750per week. When output increases from 210 units to 285 units,a.the marginal cost is $10 per unit of output.b.the marginal revenue is $5 per unit of output.c.the value of the marginal product of labor is $4,275d.the firm’s profit decrease s.ANS: A DIF: 3 REF: 18-1 NAT: AnalyticLOC: Labor marketsTOP: Marginal cost | Marginal revenue | Marginal revenue productMSC: Applicative。

曼昆《经济学原理》（宏观）第五版测试题库（30）Chapter 30Money Growth and InflationTRUE/FALSE1. The inflation rate is measured as the percentage change in a price index.ANS: T DIF: 1 REF: 30-0NAT: Analytic LOC: Unemployment and inflation TOP: InflationKEY: MSC: Definitional2. U.S. prices rose at an average annual rate of about 4 percent over the last 70 years.ANS: T DIF: 1 REF: 30-0NAT: Analytic LOC: The role of money TOP: InflationMSC: Analytical3. The United States has never had deflation.ANS: F DIF: 1 REF: 30-0NAT: Analytic LOC: The role of money TOP: DeflationMSC: Definitional4. In the 1990s, U.S. prices rose at about the same rate as in the 1970s.ANS: F DIF: 1 REF: 30-0NAT: Analytic LOC: The role of money TOP: U.S. inflationMSC: Definitional5. As the price level falls, the value of money falls.ANS: F DIF: 1 REF: 30-1NAT: Analytic LOC: The role of money TOP: Value | MoneyMSC: Interpretive6. The price level is determined by the supply of, and demand for, money.ANS: T DIF: 1 REF: 30-1NAT: Analytic LOC: The role of money TOP: Money marketMSC: Definitional7. If the quantity of money supplied is greater than the quantity demanded, then prices should fall.ANS: F DIF: 2 REF: 30-1NAT: Analytic LOC: The role of money TOP: Money marketMSC: Analytical8. Dollar prices and relative prices are both nominal variables.ANS: F DIF: 1 REF: 30-1NAT: Analytic LOC: The role of moneyTOP: Nominal variables | Real variables MSC: Definitional9. The quantity equation is M x V = P x Y.ANS: T DIF: 1 REF: 30-1NAT: Analytic LOC: The role of money TOP: Quantity equationMSC: Definitional10. According to the Fisher effect, if inflation rises then the nominal interest rate rises.ANS: T DIF: 1 REF: 30-1NAT: Analytic LOC: The role of money TOP: Fisher effectMSC: Definitional11. An increase in money demand would create a surplus of money at the original value of money.ANS: F DIF: 2 REF: 30-1NAT: Analytic LOC: The role of money TOP: Money marketMSC: Applicative201412. Hyperinflations are associated with governments printing money to finance expenditures.ANS: T DIF: 1 REF: 30-1NAT: Analytic LOC: Unemployment and inflation TOP: HyperinflationMSC: Definitional13. For a given level of money and real GDP, an increase in velocity would lead to an increase in the price level. ANS: T DIF: 2 REF: 30-1NAT: Analytic LOC: The role of money TOP: Velocity of moneyMSC: Analytical14. The quantity theory of money can explain hyperinflations but not moderate i nflation.ANS: F DIF: 1 REF: 30-1NAT: Analytic LOC: The role of money TOP: HyperinflationMSC: Interpretive15. If P represents the price of goods and services measured in money, then 1/P is the value of money measured interms of goods and services.ANS: T DIF: 1 REF: 30-1NAT: Analytic LOC: The role of money TOP: Money | ValueMSC: Interpretive16. When the value of money is on the vertical axis, an increase in the price level shifts money demand to theright.ANS: F DIF: 1 REF: 30-1NAT: Analytic LOC: The role of money TOP: Money demandMSC: Applicative17. The money supply curve shifts to the left when the Fed buys government bonds.ANS: F DIF: 2 REF: 30-1NAT: Analytic LOC: The role of money TOP: Money supplyMSC: Analytical18. When the value of money is on the vertical axis, the money supply curve slopes upward because an increase in the value of money induces banks to create more money.ANS: F DIF: 2 REF: 30-1NAT: Analytic LOC: The role of money TOP: Money supplyMSC: Definitional19. If the Fed increases the money supply, the equilibrium value of money decreases and the equilibrium price level increases.ANS: T DIF: 1 REF: 30-1NAT: Analytic LOC: The role of money TOP: Money marketMSC: Analytical20. A rising price level eliminates an excess supply of money.ANS: T DIF: 2 REF: 30-1NAT: Analytic LOC: The role of money TOP: Money marketMSC: Analytical21. A rising value of money eliminates an excess supply of money.ANS: F DIF: 2 REF: 30-1NAT: Analytic LOC: The role of money TOP: Money marketMSC: Analytical22. Nominal GDP measures output of final goods and services in physical terms.ANS: F DIF: 1 REF: 30-1NAT: Analytic LOC: The role of money TOP: Nominal variablesMSC: Interpretive2016 Chapter 30 /Money Growth and Inflation23. The classical dichotomy is useful for analyzing the economy because in the long run nominal variables are heavily influenced by developments in the monetary system, and real variables are not.ANS: T DIF: 1 REF: 30-1NAT: Analytic LOC: The role of money TOP: Classical dichotomyMSC: Definitional24. The irrelevance of monetary changes for real variables is called monetary neutrality. Most economists accept monetary neutrality as a good description of the economy in the long run, but not the short run.ANS: T DIF: 2 REF: 30-1NAT: Analytic LOC: The role of money TOP: Monetary neutralityMSC: Interpretive25. The quantity theory of money implies that if output and velocity are constant, then a 50 percent increase in themoney supply would lead to less than a 50 percent increase in the price level.ANS: F DIF: 1 REF: 30-1NAT: Analytic LOC: The role of money TOP: Quantity theoryMSC: Applicative26. The source of all four classic hyperinflations was high rates of money growth.ANS: T DIF: 1 REF: 30-1NAT: Analytic LOC: The role of money TOP: HyperinflationMSC: Definitional27. In the long run, an increase in the growth rate of the money supply leads to an increase in the real interest rate,but no change in the nominal interest rate.ANS: F DIF: 1 REF: 30-1NAT: Analytic LOC: The role of money TOP: Quantity theoryMSC: Definitional28. Inflation induces people to spend more resources maintaining lower money holdings. The costs of doing thisare called shoeleather costs.ANS: T DIF: 1 REF: 30-2NAT: Analytic LOC: The role of money TOP: Shoeleather costs of inflation MSC: Definitional29. Shoeleather costs and menu costs are both costs of anticipated inflation.ANS: T DIF: 1 REF: 30-2NAT: Analytic LOC: Unemployment and inflationTOP: Shoeleather costs of inflation | Menu costs o f inflation MSC: Definitional30. For a given real interest rate, an increase in the inflation rate reduces the after-tax real interest rate.ANS: T DIF: 2 REF: 30-2NAT: Analytic LOC: Unemployment and inflation TOP:Inflation | Taxes | Real interest rate MSC: Analytical31. Inflation necessarily distorts saving when either real interest income or nominal interest income is taxed. ANS: F DIF: 2 REF: 30-2NAT: Analytic LOC: The role of money TOP: Inflation | Real interest rate MSC: Interpretive32. Inflation distorts savings when real interest income, rather than nominal interest income, is taxed.ANS: F DIF: 2 REF: 30-2NAT: Analytic LOC: The role of money TOP: Inflation | Real interest rate MSC: Interpretive33. Suppose the nominal interest rate is 10 percent; the tax rate on interest income is 28 percent, and the inflationrate is 6 percent. Then the after-tax real interest rate is -3.2 percent.ANS: F DIF: 2 REF: 30-2NAT: Analytic LOC: The role of money TOP: Taxes | Real interest rateMSC: Interpretive34. Suppose the nominal interest rate is 5 percent; the tax rate on interest income is 30 percent, and the after-taxreal interest rate is 0.8 percent. Then the inflation rate is 2.7 percent.ANS: T DIF: 2 REF: 30-2NAT: Analytic LOC: The role of money TOP: Taxes | Real interest rate MSC: Interpretive35. If the Fed were to unexpectedly increase the money supply, creditors would gain at the expense of debtors. ANS: F DIF: 1 REF: 30-2NAT: Analytic LOC: The role of moneyTOP: Wealth redistribution | Inflation MSC: Applicative36. If inflation is higher than expected, then borrowers make nominal interest payments that are less than theyexpected.ANS: F DIF: 2 REF: 30-2NAT: Analytic LOC: Unemployment and inflation TOP: Menu costs of inflationMSC: Applicative37. Inflation is costly only if it is unanticipated.ANS: F DIF: 1 REF: 30-2NAT: Analytic LOC: Unemployment and inflation TOP: Inflation costsMSC: Interpretive38. Even though monetary policy is neutral in the short run, it may have profound real effects in the long run. ANS: F DIF: 1 REF: 30-3NAT: Analytic LOC: The role of money TOP: Monetary neutralityMSC: InterpretiveSHORT ANSWER1. Why did farmers in the late 1800s dislike deflation?ANS:Most had large nominal debts. The decrease in the price level meant that they received less for what they produced and so made it harder to pay off the debts whose real value rose as prices fell.DIF: 2 REF: 30-1 NAT: AnalyticLOC: The role of money TOP: Deflation MSC: Analytical2. Explain the adjustment process in the money market that creates a change in the price level when the moneysupply increases.ANS:When the money supply increases, there is an excess supply of money at the original value of money. After the money supply increases, people have more money than they want to hold in their purses, wallets and checking accounts. They use this excess money to buy goods and services or lend it out to other people to buy goods and services. The increase in expenditures causes prices to rise and the value of money to fall. As the value of money falls, the quantity of money people want to hold increases so that the excess supply is eliminated. At the end of this process the money market is in equilibrium at a higher price level and a lower value of money.DIF: 2 REF: 30-1 NAT: AnalyticLOC: The role of money TOP: Money marketMSC: Analytical2018 Chapter 30 /Money Growth and Inflation3. Suppose the Fed sells government bonds. Use a graph of the money market to show what this does to the valueof money.ANS:When the Fed sells government bonds, the money supply decreases. This shifts the money supply curve from MS1 to MS2 and makes the value of money increase. Since money is worth more, it takes less to buy goods with it, which means the price level falls.DIF: 2 REF: 30-1 NAT: AnalyticLOC: The role of money TOP: Money marketMSC: Analytical4. Using separate graphs, demonstrate what happens to the money supply, money demand, the value of money,and the price level if:a. the Fed increases the money supply.b. people decide to demand less money at each value of money.ANS:a. The Fed increases the money supply. When the Fed increases the money supply, the money supply curveshifts right from MS1 to MS2. This shift causes the value of money to fall, so the price level rises.b. People decide to demand less money at each value of money. Since people want to hold less at eachvalue of money, it follows that the money demand curve will shift to the left from MD1 to MD2. Thedecrease in money demand results in a lower value of money and so a higher price level.DIF: 2 REF: 30-1 NAT: AnalyticLOC: The role of money TOP: Money marketMSC: Analytical5. According to the classical dichotomy, what changes nominal variables? What changes real variables? ANS:The classical dichotomy argues that nominal variables are determined primarily by developments in the monetary system such as changes in money demand and supply. Real variables are largely independent of the monetary system and are determined by productivity and real changes in the factor and loanable funds markets.DIF: 1 REF: 30-1 NAT: AnalyticLOC: The role of money TOP: Classical dichotomyMSC: Definitional6. Suppose that monetary neutrality holds. Of the following variables, which ones do not change when themoney supply increases?a. real interest ratesb. inflationc. the price leveld. real outpute. real wagesf. nominal wagesANS:a. real interest ratesd. real outpute. real wagesDIF: 1 REF: 30-1 NAT: AnalyticLOC: The role of money TOP: Monetary neutralityMSC: Interpretive7. Wages and prices are many times higher today than they were 30 years ago, yet people do not work a lot morehours or buy fewer goods. How can this be?ANS:Inflation has raised the general price level. An increase in the general price level has no effect on real variables in the long run. Wages are higher, but so are prices. Prices are higher, but so are wages and incomes. In the long run, people change their behavior in response to changes in real variables, not nominal ones.DIF: 2 REF: 30-1 NAT: AnalyticLOC: The role of money TOP: Nominal variables | Real variablesMSC: Interpretive8. Identify each of the following as nominal or real variables.a. the physical output of goods and servicesb. the overall price levelc. the dollar price of applesd. the price of apples relative to the price of orangese. the unemployment ratef. the amount that shows up on your paycheck after taxesg. the amount of goods you can purchase with the wage you get each hourh. the taxes that you pay the governmentANS:a. real variableb. nominal variablec. nominal variabled. real variablee. real variablef. nominal variableg. real variableh. nominal variableDIF: 1 REF: 30-1 NAT: AnalyticLOC: The role of money TOP: Nominal variables | Real variablesMSC: Interpretive2020 Chapter 30 /Money Growth and Inflation9. Define each of the symbols and explain the meaning o f M V = P Y.ANS:M is the quantity of money, V is the velocity of money, P is the price level, and Y is the quantity of o utput. P Y is nominal GDP. The amount people spend should equal the amount of money in the economy times the average number of times each unit of currency is spent.DIF: 1 REF: 30-1 NAT: AnalyticLOC: The role of money TOP: Velocity MSC: Definitional10. What assumptions are necessary to argue that the quantity equation implies that increases in the money supplylead to proportional changes in the price level?ANS:We must suppose that V is relatively constant and that changes in the money supply have no effect on real output. DIF: 2 REF: 30-1 NAT: AnalyticLOC: The role of money TOP: Quantity theoryMSC: Definitional11. What is the inflation tax, and how might it explain the creation of inflation by a central bank?ANS:The inflation tax refers to the fact that inflation is a tax on money. When prices rise, the value of money currently held is reduced. Hence, when a government raises revenue by printing money, it obtains resources from households by taxing their money holdings through inflation rather than by sending them a tax bill. In countries where governments are unable or unwilling to raise revenues by raising taxes explicitly, the inflation tax may be an alternative source of revenue.DIF: 1 REF: 30-1 NAT: AnalyticLOC: The role of money TOP: Inflation tax MSC: Interpretive12. Economists agree that increases in the money-supply growth rate increase inflation and that inflation isundesirable. So why have there been hyperinflations and how have they been ended?ANS:Typically, the government in countries that had hyperinflation started with high spending, inadequate tax revenue, and limited ability to borrow. Therefore, they turned to the printing presses to pay their bills. Massive and continued increases in the quantity of money led to hyperinflation, which ended when the governments instituted fiscal reforms eliminating the need for the inflation tax and subsequently slowed money supply growth.DIF: 2 REF: 30-1 NAT: AnalyticLOC: The role of money TOP: HyperinflationMSC: Interpretive13. Suppose that velocity and output are constant and that the quantity theory and the Fisher effect both hold.What happens to inflation, real interest rates, and nominal interest rates when the money supply growth rate increases from 5 percent to 10 percent?ANS:Inflation and nominal interest rates each increase by 5 percent points. There is no change in the real interest rate or any other real variable.DIF: 1 REF: 30-1 NAT: AnalyticLOC: The role of money TOP: Inflation MSC: Analytical14. In recent years Venezuela and Russia have had much higher nominal interest rates than the United Stateswhile Japan has had lower nominal interest rates. What would you predict is true about money growth in these other countries? Why?ANS:The Fisher effect says that increases in the inflation rate lead to one-to-one increases in nominal interest rates. The quantity theory says that in the long run, inflation increases one-to-one with money supply growth. It follows that differences in nominal interest rates may be due to differences in money supply growth rates. It is reasonable to guess that much higher nominal interest rates in Venezuela and Russia indicate higher money supply growth while lower interest rates in Japan indicate lower money supply growth.DIF: 1 REF: 30-1 NAT: AnalyticLOC: The role of money TOP: Fisher effect MSC: Applicative15. The U.S. Treasury Department issues inflation-indexed bonds. What are inflation-indexed bonds and why arethey important?ANS:Inflation-indexed bonds are bonds whose interest and principal payments are adjusted upward for inflation, guaranteeing their real purchasing power in the future. They are important because they provide a safe, inflation- proof asset for savers and they may allow the Treasury to borrow more easily at a lower current cost.DIF: 1 REF: 30-1 NAT: AnalyticLOC: The role of money TOP: Index bonds MSC: Definitional16. List and define any two of the costs of high inflation.ANS:The costs include:Shoeleather costs: the resources wasted when inflation induces people to reduce their money holdings.Menu costs: the cost of more frequent price changes at higher inflation rates.Relative Price Variability: because prices change infrequently, higher inflation causes relative prices to vary more. Decisions based on relative prices are then distorted so that resources may not be allocated efficiently.Inflation Induced Tax Distortions: the income tax is not completely indexed for inflation; an increase in nominal income created by inflation results in higher real tax rates that discourage savings.Confusion and Inconvenience: inflation decreases the reliability of the unit of account making it more complicated to differentiate successful and unsuccessful firms thereby impeding the efficient allocation of funds to alternative investments.Unexpected Inflation: inflation decreases the real value of debt thereby transferring wealth from creditors to debtors. DIF: 1 REF: 30-2 NAT: AnalyticLOC: The role of money TOP: Inflation costsMSC: Definitional17. Inflation distorts relative prices. What does this mean and why does it impose a cost on society?ANS:Relative prices are the value of one good in terms of other goods. Relative prices ordinarily provide signals concerning therelative scarcity of goods so the goods may be allocated efficiently. Some prices change infrequently, so that when inflation rises, there is greater variation in relative prices. However, changes in relative prices created by inflation do not signal changes in the scarcity of goods and so lead to an inefficient allocation of goods and resources.DIF: 1 REF: 30-2 NAT: AnalyticLOC: The role of money TOP: Relative price variabilityMSC: Interpretive18. Explain how inflation affects savings.ANS:Inflation discourages savings. Income tax is collected on nominal rather than real interest rates. So an increase in inflation will increase nominal interest rates and taxes. The increase in taxes in turn lowers the real return on savings and so discourages savings.DIF: 1 REF: 30-2 NAT: AnalyticLOC: The role of money TOP: Saving | InflationMSC: Applicative2022 Chapter 30 /Money Growth and Inflation19. The U.S. Treasury Department began issuing inflation-indexed bonds in early 1997. Since these assets arevirtually risk free, both in terms of default risk and inflation risk, will they quickly replace all other kinds of assets that still entail risk of one kind or another, such as ordinary government bonds or corporate bonds?Explain.ANS:When individuals are choosing between assets of different kinds, they consider both expected return and risk. Because the new inflation-indexed bonds have very low risk, they will also have very low real interest rates. So they will not replace other, more risky assets that promise to pay a much higher real interest rate. They do, however, offer a way of escaping some inflation risk, and have become a popular addition to portfolios.DIF: 1 REF: 30-2 NAT: AnalyticLOC: The role of money TOP: Index bonds MSC: AnalyticalSec00 - Money Growth and InflationMULTIPLE CHOICE1. Over the past 70 years, prices in the U.S. have risen on average abouta. 2 percent per year.b. 4 percent per year.c. 6 percent per year.d. 8 percent per year.ANS: B DIF: 1 REF: 30-0NAT: Analytic LOC: Unemployment and inflation TOP: Inflation rateMSC: Definitional2. Over the past 70 years, the overall price level in the U.S. has experienced a(n)a. 4-fold increase.b. 8-fold increase.c. 12-fold increase.d. 16-fold increase.ANS: D DIF: 1 REF: 30-0NAT: Analytic LOC: Unemployment and inflation TOP: Inflation rateMSC: Definitional3. Over the last 70 years, the average annual U.S. inflation rate was abouta. 2 percent, implying that prices have increased 10-fold.b. 4 percent, implying that prices have increased 10-fold.c. 2 percent, implying that prices have increased 16-fold.d. 4 percent, implying that prices increased about 16-fold.ANS: D DIF: 2 REF: 30-0NAT: Analytic LOC: Unemployment and inflation TOP: Inflation rateMSC: Definitional4. Inflation can be measured by thea. change in the consumer price index.b. percentage change in the consumer price index.c. percentage change in the price of a specific commodity.d. change in the price of a specific commodity.ANS: B DIF: 1 REF: 30-0NAT: Analytic LOC: Unemployment and inflation TOP: InflationMSC: Definitional5. Which of the following is not correct?a. The inflation rate is measured as the percentage change in a price index.b. For the last 40 or so years, U.S. inflation hasn’t shown much variation from its average rate of about 2 percent.c. During the 19th century there were long periods of falling prices.d. Some economists argue that the costs of moderate inflation are not nearly as large as the general public believes.ANS: B DIF: 2 REF: 30-0NAT: Analytic LOC: Unemployment and inflation TOP: InflationMSC: Interpretive6. In which of the following cases was the inflation rate 10 percent over the last year?a. One year ago the price index had a value of 110 and now it has a value of 120.b. One year ago the price index had a value of 120 and now it has a value of 132.c. One year ago the price index had a value of 126 and now it has a value of 140.d. One year ago the price index had a value of 145 and now it has a value of 163. ANS: B DIF: 2 REF: 30-0NAT: Analytic LOC: Unemployment and inflation TOP: Inflation rateMSC: Applicative7. If the price level increased from 120 to 126, then what was the inflation rate?a. 3 percentb. 5 percentc. 6 percentd. None of the above is correct.ANS: B DIF: 1 REF: 30-0NAT: Analytic LOC: Unemployment and inflation TOP: Inflation rateMSC: Applicative8. If the price level increased from 120 to 150, then what was the inflation rate?a. 30 percentb. 25 percentc. 20 percentd. None of the above is correct.ANS: B DIF: 1 REF: 30-0NAT: Analytic LOC: Unemployment and inflation TOP: Inflation rateMSC: Applicative9. When prices are falling, economists say that there isa. disinflation.b. deflation.c. a contraction.d. an inverted inflation.ANS: B DIF: 1 REF: 30-0NAT: Analytic LOC: Unemployment and inflation TOP: DeflationMSC: Definitional10. Deflationa. increases incomes and enhances the ability of debtors to pay off their debts.b. increases incomes and reduces the ability of debtors to pay off their debts.c. decreases incomes and enhances the ability of debtors to pay off their debts.d. decreases incomes and reduces the ability of debtors to pay off their debts. ANS: D DIF: 2 REF: 30-0NAT: Analytic LOC: Unemployment and inflation TOP: DeflationMSC: Interpretive。

曼昆经济学原理宏观第五版答案【篇一：经济学原理曼昆(宏观部分答案)】>第二十三章一国收入的衡量复习题 1 ．解释为什么一个经济的收入必定等于其支出? 答：对一个整体经济而言，收入必定等于支出。

因为每一次交易都有两方：买者和卖者。

一个买者的1 美元支出是另一个卖者的1 美元收入。

因此，交易对经济的收入和支出作出了相同的贡献。

由于gdp 既衡量总收入 135 又衡量总支出，因而无论作为总收入来衡量还是作为总支出来衡量，gdp 都相等.2 ．生产一辆经济型轿车或生产一辆豪华型轿车，哪一个对gdp 的贡献更大？为什么? 答：生产一辆豪华型轿车对gdp 的贡献大。

因为gdp 是在某一既定时期一个国家内生产的所有最终物品与劳务的市场价值。

由于市场价格衡量人们愿意为各种不同物品支付的量，所以市场价格反映了这些物品的市场价值。

由于一辆豪华型轿车的市场价格高于一辆经济型轿车的市场价格，所以一辆豪华型轿车的市场价值高于一辆经济型轿车的市场价值，因而生产一辆豪华型轿车对gdp 的贡献更大.3 ．农民以2 美元的价格把小麦卖给面包师。

面包师用小麦制成面包，以3 美元的价格出售。

这些交易对 gdp 的贡献是多少呢? 答：对gdp 的贡献是3 美元。

gdp 只包括最终物品的价值，因为中间物品的价值已经包括在最终物品的价格中了.4 ．许多年以前，peggy 为了收集唱片而花了500 美元。

今天她在旧货销售中把她收集的物品卖了100 美元.这种销售如何影响现期gdp? 答：现期gdp 只包括现期生产的物品与劳务，不包括涉及过去生产的东西的交易。

因而这种销售不影响现期gdp.5 ．列出gdp 的四个组成部分。

各举一个例子.答：gdp 等于消费(c)+投资(i)+政府购买(g)+净出口(nx) 消费是家庭用于物品与劳务的支出，如汤姆一家人在麦当劳吃午餐.投资是资本设备、存货、新住房和建筑物的购买，如通用汽车公司建立一个汽车厂.政府购买包括地方政府、州政府和联邦政府用于物品与劳务的支出，如海军购买了一艘潜艇.净出口等于外国人购买国内生产的物品(出口)减国内购买的外国物品(进口)。

5学原理》（微观）第五版测试题库（04）曼昆经济学原理第五版测试题库（微观）Chapter 4The Market Forces of Supply and DemandTRUE/FALSE1. Prices allocate a market economy’s scarce resources.ANS: T DIF: 1 REF: 4-0NAT: Analytic LOC: Markets, market failure, and externalitiesTOP: Market economies MSC: Definitional2. In a market economy, supply and demand determine both the quantity of each good produced and the price atwhich it is sold.ANS: T DIF: 1 REF: 4-0NAT: Analytic LOC: Markets, market failure, and externalitiesTOP: Market economies MSC: Definitional3. A market is a group of buyers and sellers of a particular good or service.ANS: T DIF: 1 REF: 4-1NAT: Analytic LOC: Markets, market failure, and externalitiesTOP: Markets MSC: Definitional4. Sellers as a group determine the demand for a product, and buyers as a group determine the supply of aproduct.ANS: F DIF: 1 REF: 4-1NAT: Analytic LOC: Supply and demand TOP: Demand | SupplyMSC: Definitional5. A yard sale is an example of a market.ANS: T DIF: 2 REF: 4-1NAT: Analytic LOC: Markets, market failure, and externalitiesTOP: Markets MSC: Applicative6. A newspaper’s classified ads are an example of a market.ANS: T DIF: 2 REF: 4-1NAT: Analytic LOC: Markets, market failure, and externalitiesTOP: Markets MSC: Applicative7. Most markets in the economy are highly competitive.ANS: T DIF: 1 REF: 4-1NAT: Analytic LOC: Markets, market failure, and externalitiesTOP: Markets MSC: Definitional8. In a competitive market, the quantity of each good produced and the price at which it is sold are not determined by any single buyer or seller.ANS: T DIF: 1 REF: 4-1NAT: Analytic LOC: Markets, market failure, and externalitiesTOP: Competitive markets MSC: Definitional9. In a competitive market, there are so few buyers and so few sellers that each has a significant impact on the market price.ANS: F DIF: 1 REF: 4-1NAT: Analytic LOC: Markets, market failure, and externalitiesTOP: Competitive markets MSC: Definitional10. In a perfectly competitive market, the goods offered for sale are all exactly the same.ANS: T DIF: 1 REF: 4-1NAT: Analytic LOC: Perfect competition TOP: Perfect competitionMSC: Definitional20211. In a perfectly competitive market, buyers and sellers are price setters.ANS: F DIF: 1 REF: 4-1NAT: Analytic LOC: Perfect competition TOP: Perfect competitionMSC: Definitional12. All goods and services are sold in perfectly competitive markets.ANS: F DIF: 1 REF: 4-1NAT: Analytic LOC: Perfect competition TOP: Perfect competitionMSC: Definitional13. If a good or service has only one seller, then the seller is called a monopoly.ANS: T DIF: 1 REF: 4-1NAT: Analytic LOC: Monopoly TOP: Monopoly MSC: Definitional14. Monopolists are price takers.ANS: F DIF: 2 REF: 4-1NAT: Analytic LOC: Monopoly TOP: Monopoly MSC: Interpretive15. Local cable TV companies frequently are monopolists.ANS: T DIF: 1 REF: 4-1NAT: Analytic LOC: Monopoly TOP: Monopoly MSC: Definitional16. The quantity demanded of a product is the amount that buyers are willing and able to purchase at a particular price.ANS: T DIF: 1 REF: 4-2NAT: Analytic LOC: Supply and demand TOP: Quantity demandedMSC: Definitional17. The law of demand is true for most goods in the economy.ANS: T DIF: 1 REF: 4-2NAT: Analytic LOC: Supply and demand TOP: Law of demandMSC: Definitional18. The law of demand states that, other things equal, when the price of a good rises, the quantity demanded of the good rises, and when the price falls, the quantity demanded falls.ANS: F DIF: 1 REF: 4-2NAT: Analytic LOC: Supply and demand TOP: Law of demandMSC: Definitional19. The demand curve is the upward-sloping line relating price and quantity demanded.ANS: F DIF: 1 REF: 4-2NAT: Analytic LOC: Supply and demand TOP: Demand curveMSC: Definitional20. Individual demand curves are summed horizontally to obtain the market demand curve.ANS: T DIF: 1 REF: 4-2NAT: Analytic LOC: Supply and demand TOP: Market demand curveMSC: Definitional21. The market demand curve shows how the total quantity demanded of a good varies as the income of buyers varies, while all the other factors that affect how much consumers want to buy are held constant.ANS: F DIF: 1 REF: 4-2NAT: Analytic LOC: Supply and demand TOP: Market demand curveMSC: Definitional22. If something happens to alter the quantity demanded at any given price, then the demand curve shifts. ANS: T DIF: 1 REF: 4-2NAT: Analytic LOC: Supply and demand TOP: Demand curveMSC: Definitionalword⽂档可⾃由复制编辑204 Chapter 4 /The Market Forces of Supply and Demand23. A movement upward and to the left along a given demand curve is called a decrease in demand..ANS: F DIF: 2 REF: 4-2NAT: Analytic LOC: Supply and demand TOP: Demand curveMSC: Interpretive24. An increase in demand shifts the demand curve to the left.ANS: F DIF: 1 REF: 4-2NAT: Analytic LOC: Supply and demand TOP: Demand curveMSC: Definitional25. If the demand for a good falls when income falls, then the good is called an inferior good.ANS: F DIF: 1 REF: 4-2NAT: Analytic LOC: Supply and demand TOP: Normal goodsMSC: Definitional26. When Mario's income decreases, he buys more pasta. For Mario, pasta is a normal good.ANS: F DIF: 2 REF: 4-2NAT: Analytic LOC: Supply and demand TOP: Inferior goodsMSC: Applicative27. A decrease in income will shift the demand curve for an inferior good to the right.ANS: T DIF: 2 REF: 4-2NAT: Analytic LOC: Supply and demand TOP: Inferior goodsMSC: Interpretive28. An increase in the price of a substitute good will shift the demand curve for a good to the right.ANS: T DIF: 2 REF: 4-2NAT: Analytic LOC: Supply and demand TOP: SubstitutesMSC: Interpretive29. Baseballs and baseball bats are substitute goods.ANS: F DIF: 2 REF: 4-2NAT: Analytic LOC: Supply and demand TOP: ComplementsMSC: Applicative30. A decrease in the price of a complement will shift the demand curve for a good to the left.ANS: F DIF: 2 REF: 4-2NAT: Analytic LOC: Supply and demand TOP: ComplementsMSC: Interpretive31. When an increase in the price of one good lowers the demand for another good, the two goods are called complements.ANS: T DIF: 1 REF: 4-2NAT: Analytic LOC: Supply and demand TOP: ComplementsMSC: Definitional32. Cocoa and marshmallows are complements, so a decrease in the price of cocoa will cause an increase in the demand for marshmallows.MSC: Applicative33. If a pe rson expects the price of socks to increase next month, then that person’s current demand for socks will increase.ANS: T DIF: 2 REF: 4-2NAT: Analytic LOC: Supply and demand TOP: ExpectationsMSC: Applicative34. A decrease in the price of a product and an increase in the number of buyers in the market affect the demandcurve in the same general way.ANS: F DIF: 2 REF: 4-2NAT: Analytic LOC: Supply and demand TOP: Demand curveMSC: Interpretive35. Whenever a determinant of demand other than price changes, the demand curve shifts.ANS: T DIF: 2 REF: 4-2NAT: Analytic LOC: Supply and demand TOP: Demand curveMSC: Interpretive36. An increase in the price of pizza will shift the demand curve for pizza to the left.ANS: F DIF: 2 REF: 4-2NAT: Analytic LOC: Supply and demand TOP: Demand curveMSC: Applicative37. Public service announcements, mandatory health warnings on cigarette packages, and the prohibition ofcigarette advertising on television are all policies aimed at shifting the demand curve for cigarettes to the right. ANS: F DIF: 2 REF: 4-2NAT: Analytic LOC: Supply and demand TOP: Demand curveMSC: Applicative38. Most studies have found that tobacco and marijuana are complements rather than substitutes.ANS: T DIF: 2 REF: 4-2NAT: Analytic LOC: Supply and demand TOP: ComplementsMSC: Applicative39. The quantity supplied of a good or service is the amount that sellers are willing and able to sell at a particularprice.ANS: T DIF: 1 REF: 4-3NAT: Analytic LOC: Supply and demand TOP: Quantity suppliedMSC: Definitional40. When the price of a good is high, selling the good is profitable, and so the quantity supplied is large.MSC: Definitional41. When the price of a good is low, selling the good is profitable, and so the quantity supplied is large. ANS: F DIF: 1 REF: 4-3NAT: Analytic LOC: Supply and demand TOP: Law of supplyMSC: Definitional42. Price cannot fall so low that some sellers choose to supply a quantity of zero.ANS: F DIF: 2 REF: 4-3NAT: Analytic LOC: Supply and demand TOP: Quantity suppliedMSC: Interpretive43. The law of supply states that, other things equal, when the price of a good rises, the quantity supplied of the good falls.ANS: F DIF: 1 REF: 4-3NAT: Analytic LOC: Supply and demand TOP: Law of supplyMSC: Definitional44. The law of supply states that, other things equal, when the price of a good falls, the quantity supplied falls as well.ANS: T DIF: 1 REF: 4-3NAT: Analytic LOC: Supply and demand TOP: Law of supplyMSC: Definitionalword⽂档可⾃由复制编辑206 Chapter 4 /The Market Forces of Supply and Demand45. If a higher price means a greater quantity supplied, then the supply curve slopes upward.ANS: T DIF: 1 REF: 4-3NAT: Analytic LOC: Supply and demand TOP: Supply curveMSC: Definitional46. Individual supply curves are summed vertically to obtain the market supply curve.ANS: F DIF: 1 REF: 4-3NAT: Analytic LOC: Supply and demand TOP: Market supply curveMSC: Definitional47. The market supply curve shows how the total quantity supplied of a good varies as input prices vary, holding constant all the other factors that influence producers’ decisions about how much to sell.ANS: F DIF: 1 REF: 4-3NAT: Analytic LOC: Supply and demand TOP: Market supply curveMSC: Definitional48. If something happens to alter the quantity supplied at any given price, then we move along the fixed supply curve to a new quantity supplied.ANS: F DIF: 2 REF: 4-3NAT: Analytic LOC: Supply and demand TOP: Supply curveMSC: Interpretive49. A movement along a supply curve is called a change in supply while a shift of the supply curve is called a change in quantity supplied.ANS: F DIF: 2 REF: 4-3NAT: Analytic LOC: Supply and demand TOP: Supply | Quantity supplied MSC: Interpretive50. A decrease in supply shifts the supply curve to the left.ANS: T DIF: 1 REF: 4-3NAT: Analytic LOC: Supply and demand TOP: Supply curveMSC: Definitional51. A reduction in an input price will cause a change in quantity supplied, but not a change in supply.ANS: F DIF: 2 REF: 4-3NAT: Analytic LOC: Supply and demand TOP: Input pricesMSC: Interpretive52. An increase in the price of ink will shift the supply curve for pens to the left.ANS: T DIF: 2 REF: 4-3NAT: Analytic LOC: Supply and demand TOP: Input pricesMSC: Applicative53. If there is an improvement in the technology used to produce a good, then the supply curve for that good will shift to the left.ANS: F DIF: 2 REF: 4-3NAT: Analytic LOC: Supply and demand TOP: TechnologyMSC: Interpretive54. Advances in production technology typically reduce firms’ costs.ANS: T DIF: 2 REF: 4-3NAT: Analytic LOC: Supply and demand TOP: TechnologyMSC: Interpretive55. If a company making frozen orange juice expects the price of its product to be higher next month, it will supply more to the market this month.ANS: F DIF: 2 REF: 4-3NAT: Analytic LOC: Supply and demand TOP: ExpectationsMSC: Applicative56. When a seller expects the price of its product to decrease in the future, the seller's supply curve shifts left now. ANS: F DIF: 2 REF: 4-3NAT: Analytic LOC: Supply and demand TOP: ExpectationsMSC: Interpretive57. An increase in the price of a product and an increase in the number of sellers in the market affect the supplycurve in the same general way.ANS: F DIF: 2 REF: 4-3NAT: Analytic LOC: Supply and demand TOP: Supply curveMSC: Interpretive58. Whenever a determinant of supply other than price changes, the supply curve shifts.ANS: T DIF: 2 REF: 4-3NAT: Analytic LOC: Supply and demand TOP: Supply curveMSC: Interpretive59. A decrease in the price of pizza will shift the supply curve for pizza to the left.ANS: F DIF: 2 REF: 4-3NAT: Analytic LOC: Supply and demand TOP: Supply curveMSC: Applicative60. Supply and demand together determine the price and quantity of a good sold in a market.ANS: T DIF: 1 REF: 4-4NAT: Analytic LOC: Supply and demand TOP: EquilibriumMSC: Definitional61. A market’s equilibrium is the point at which the supply and demand curves intersect.ANS: T DIF: 1 REF: 4-4NAT: Analytic LOC: Supply and demand TOP: EquilibriumMSC: Definitional62. At the equilibrium price, quantity demanded is equal to quantity supplied.ANS: T DIF: 1 REF: 4-4NAT: Analytic LOC: Equilibrium TOP: Equilibrium MSC: Definitional63. The equilibrium price is the same as the market-clearing price.ANS: T DIF: 1 REF: 4-4NAT: Analytic LOC: Equilibrium TOP: Equilibrium MSC: Definitional64. At the equilibrium price, buyers have bought all they want to buy, but sellers have not sold all they want tosell.ANS: F DIF: 1 REF: 4-4NAT: Analytic LOC: Equilibrium TOP: Equilibrium MSC: Definitional65. The actions of buyers and sellers naturally move markets toward equilibrium.ANS: T DIF: 1 REF: 4-4NAT: Analytic LOC: Equilibrium TOP: Equilibrium MSC: Definitional66. When the market price is above the equilibrium price, the quantity of the good demanded exceeds the quantity supplied.ANS: F DIF: 1 REF: 4-4NAT: Analytic LOC: Equilibrium TOP: Equilibrium MSC: Definitional67. When the market price is above the equilibrium price, suppliers are unable to sell all they want to sell. ANS: T DIF: 1 REF: 4-4NAT: Analytic LOC: Equilibrium TOP: Equilibrium MSC: Definitional68. A surplus is the same as an excess demand.ANS: F DIF: 1 REF: 4-4NAT: Analytic LOC: Supply and demand TOP: SurplusMSC: Definitionalword⽂档可⾃由复制编辑208 Chapter 4 /The Market Forces of Supply and Demand69. Sellers respond to a surplus by cutting their prices.ANS: T DIF: 1 REF: 4-4NAT: Analytic LOC: Supply and demand TOP: SurplusMSC: Definitional70. Price will rise to eliminate a surplus.ANS: F DIF: 2 REF: 4-4NAT: Analytic LOC: Equilibrium TOP: Surplus MSC: Interpretive71. When quantity supplied exceeds quantity demanded at the current market price, the market has a surplus and market price will likely rise in the future to eliminate the surplus.ANS: F DIF: 2 REF: 4-4NAT: Analytic LOC: Equilibrium TOP: Surplus MSC: Interpretive72. When the market price is below the equilibrium price, the quantity of the good demanded exceeds the quantity supplied.ANS: T DIF: 1 REF: 4-4NAT: Analytic LOC: Equilibrium TOP: Equilibrium MSC: Definitional73. When the market price is below the equilibrium price, suppliers are unable to sell all they want to sell. ANS: F DIF: 1 REF: 4-4NAT: Analytic LOC: Equilibrium TOP: Equilibrium MSC: Definitional74. A shortage is the same as an excess demand.ANS: T DIF: 1 REF: 4-4NAT: Analytic LOC: Supply and demand TOP: ShortageMSC: Definitional75. Sellers respond to a shortage by cutting their prices.ANS: F DIF: 1 REF: 4-4NAT: Analytic LOC: Supply and demand TOP: ShortageMSC: Definitional76. Price will rise to eliminate a shortage.ANS: T DIF: 2 REF: 4-4NAT: Analytic LOC: Equilibrium TOP: Shortage MSC: Interpretive77. When quantity demanded exceeds quantity supplied at the current market price, the market has a shortage and market price will likely rise in the future to eliminate the shortage.ANS: T DIF: 2 REF: 4-4NAT: Analytic LOC: Equilibrium TOP: Shortage MSC: Interpretive78. Surpluses drive price up while shortages drive price down.ANS: F DIF: 2 REF: 4-4NAT: Analytic LOC: Equilibrium TOP: Shortage | SurplusMSC: Interpretive79. A shortage will occur at any price below equilibrium price and a surplus will occur at any price aboveequilibrium price.ANS: T DIF: 2 REF: 4-4NAT: Analytic LOC: Equilibrium TOP: Shortage | SurplusMSC: Interpretive80. In a market, the price of any good adjusts until quantity demanded equals quantity supplied.ANS: T DIF: 2 REF: 4-4NAT: Analytic LOC: Equilibrium TOP: Equilibrium MSC: Interpretive81. When a supply curve or a demand curve shifts, the equilibrium price and equilibrium quantity change. ANS: T DIF: 1 REF: 4-4NAT: Analytic LOC: Equilibrium TOP: Equilibrium MSC: Definitional82. Demand refers to the amount buyers wish to buy, whereas the quantity demanded refers to the position of the demand curve.ANS: F DIF: 1 REF: 4-4NAT: Analytic LOC: Supply and demandTOP: Demand | Quantity demanded MSC: Definitional83. Supply refers to the position of the supply curve, whereas the quantity supplied refers to the amount supplierswish to sell.ANS: T DIF: 1 REF: 4-4NAT: Analytic LOC: Supply and demand TOP: Supply | Quantity supplied MSC: Definitional84. It is not possible for demand and supply to shift at the same time.ANS: F DIF: 2 REF: 4-4NAT: Analytic LOC: Supply and demand TOP: Supply | DemandMSC: Interpretive85. A decrease in demand will cause a decrease in price, which will cause a decrease in supply.ANS: F DIF: 2 REF: 4-4NAT: Analytic LOC: Supply and demand TOP: EquilibriumMSC: Interpretive86. An increase in demand will cause an increase in price, which will cause an increase in quantity supplied. ANS: T DIF: 2 REF: 4-4NAT: Analytic LOC: Supply and demand TOP: EquilibriumMSC: Interpretive87. An increase in supply will cause a decrease in price, which will cause an increase in demand.ANS: F DIF: 2 REF: 4-4NAT: Analytic LOC: Supply and demand TOP: EquilibriumMSC: Interpretive88. A decrease in supply will cause an increase in price, which will cause a decrease in quantity demanded. ANS: T DIF: 2 REF: 4-4NAT: Analytic LOC: Supply and demand TOP: EquilibriumMSC: Interpretive89. In a market economy, prices are the signals that guide the allocation of scarce resources.ANS: T DIF: 1 REF: 4-5NAT: Analytic LOC: Markets, market failure, and externalitiesTOP: Market economies MSC: Definitionalword⽂档可⾃由复制编辑。

曼昆《经济学原理》（第五版）习题解答目录第一章经济学十大原理 (1)第二章像经济学家一样思考 (7)第三章相互依存性与贸易的好处 (14)第四章供给与需求的市场力量 (22)第五章弹性及其应用 (31)第六章供给、需求与政府政策 (41)第七章消费者、生产者与市场效率 (50)第八章应用：赋税的代价 (58)第九章应用：国际贸易 (65)第十章外部性 (75)第十一章公共物品和公共资源 (84)第十二章税制的设计 (91)第十三章生产成本 (99)第十四章竞争市场上的企业 (109)第十五章垄断 (121)第十六章垄断竞争 (135)第十七章寡头 (143)第十八章生产要素市场 (153)第十九章收入与歧视 (162)第二十章收入不平等与贫困 (169)第二十一章消费者选择理论 (177)第二十二章微观经济学前沿 (187)第二十三章一国收入的衡量 (195)第二十四章生活费用的衡量 (204)第二十五章生产与增长 (210)第二十六章储蓄、投资和金融体系 (214)第二十七章基本金融工具 (221)第二十八章失业 (226)第一篇导言第一章经济学十大原理复习题1．列举三个你在生活中面临的重要权衡取舍的例子。

答：①大学毕业后，面临着是否继续深造的选择，选择继续上学攻读研究生学位，就意味着在今后三年中放弃参加工作、赚工资和积累社会经验的机会；②在学习内容上也面临着很重要的权衡取舍，如果学习《经济学》，就要减少学习英语或其他专业课的时间；③对于不多的生活费的分配同样面临权衡取舍，要多买书，就要减少在吃饭、买衣服等其他方面的开支。

2．看一场电影的机会成本是什么?答：看一场电影的机会成本是在看电影的时间里做其他事情所能获得的最大收益，例如：看书、打零工。

3．水是生活必需的。

一杯水的边际利益是大还是小呢?答：这要看这杯水是在什么样的情况下喝，如果这是一个人五分钟内喝下的第五杯水，那么他的边际利益很小，有可能为负；如果这是一个极度干渴的人喝下的第一杯水，那么他的边际利益将会极大。

曼昆经济学原理第五版答案宏观【篇一:经济学原理曼昆(宏观部分答案)】>第二十三章一国收入的衡量复习题 1.解释为什么一个经济的收入必定等于其支出? 答：对一个整体经济而言，收入必定等于支出。

因为每一次交易都有两方:买者和卖者。

一个买者的1 美元支出是另一个卖者的1 美元收入。

因此，交易对经济的收入和支出作出了相同的贡献。

由于gｄp 既衡量总收入 13５又衡量总支出,因而无论作为总收入来衡量还是作为总支出来衡量,gdｐ都相等.2 ．生产一辆经济型轿车或生产一辆豪华型轿车,哪一个对gdp的贡献更大？为什么? 答:生产一辆豪华型轿车对gdp的贡献大。

因为gｄｐ是在某一既定时期一个国家内生产的所有最终物品与劳务的市场价值。

由于市场价格衡量人们愿意为各种不同物品支付的量,所以市场价格反映了这些物品的市场价值。

由于一辆豪华型轿车的市场价格高于一辆经济型轿车的市场价格,所以一辆豪华型轿车的市场价值高于一辆经济型轿车的市场价值，因而生产一辆豪华型轿车对gdp 的贡献更大．3 ．农民以２美元的价格把小麦卖给面包师。

面包师用小麦制成面包,以3美元的价格出售。

这些交易对ｇdｐ的贡献是多少呢？答：对ｇdp 的贡献是3美元。

ｇdp 只包括最终物品的价值，因为中间物品的价值已经包括在最终物品的价格中了.４ .许多年以前,peggy 为了收集唱片而花了500 美元。

今天她在旧货销售中把她收集的物品卖了１０0 美元.这种销售如何影响现期gｄp? 答：现期gdｐ只包括现期生产的物品与劳务，不包括涉及过去生产的东西的交易。

因而这种销售不影响现期gdp.5 .列出gdp的四个组成部分。

各举一个例子.答：gdp等于消费(c)+投资(ｉ）+政府购买(g)＋净出口(nｘ) 消费是家庭用于物品与劳务的支出,如汤姆一家人在麦当劳吃午餐.投资是资本设备、存货、新住房和建筑物的购买,如通用汽车公司建立一个汽车厂.政府购买包括地方政府、州政府和联邦政府用于物品与劳务的支出，如海军购买了一艘潜艇．净出口等于外国人购买国内生产的物品(出口)减国内购买的外国物品(进口)。

第十二章国民收入核算1. 宏观经济学和微观经济学有什么联系和区别？为什么有些经济活动从微观看是合理的，有效的，而从宏观看却是不合理的，无效的？解答：两者之间的区别在于：(1) 研究的对象不同。

微观经济学研究组成整体经济的单个经济主体的最优化行为，而宏观经济学研究一国整体经济的运行规律和宏观经济政策。

(2) 解决的问题不同。

微观经济学要解决资源配置问题，而宏观经济学要解决资源利用问题。

(3) 中心理论不同。

微观经济学的中心理论是价格理论，所有的分析都是围绕价格机制的运行展开的，而宏观经济学的中心理论是国民收入(产出)理论，所有的分析都是围绕国民收入(产出)的决定展开的。

(4) 研究方法不同。

微观经济学采用的是个量分析方法，而宏观经济学采用的是总量分析方法。

两者之间的联系主要表现在：(1) 相互补充。

经济学研究的目的是实现社会经济福利的最大化。

为此，既要实现资源的最优配置，又要实现资源的充分利用。

微观经济学是在假设资源得到充分利用的前提下研究资源如何实现最优配置的问题，而宏观经济学是在假设资源已经实现最优配置的前提下研究如何充分利用这些资源。

它们共同构成经济学的基本框架。

(2) 微观经济学和宏观经济学都以实证分析作为主要的分析和研究方法。

(3) 微观经济学是宏观经济学的基础。

当代宏观经济学越来越重视微观基础的研究，即将宏观经济分析建立在微观经济主体行为分析的基础上。

由于微观经济学和宏观经济学分析问题的角度不同，分析方法也不同，因此有些经济活动从微观看是合理的、有效的，而从宏观看是不合理的、无效的。

例如，在经济生活中，某个厂商降低工资，从该企业的角度看，成本低了，市场竞争力强了，但是如果所有厂商都降低工资，则上面降低工资的那个厂商的竞争力就不会增强，而且职工整体工资收入降低以后，整个社会的消费以及有效需求也会降低。

同样，一个人或者一个家庭实行节约，可以增加家庭财富，但是如果大家都节约，社会需求就会降低，生产和就业就会受到影响。