宏观经济学A卷试题含答案

《宏观经济学》试卷A

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题号 一 二 三 四 总分

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Part １: Single Choice (40×1′=40′)

1. Macroeconomics is the study of ( )

a. market regulation.

b. money and financial markets.

c. economy-wide phenomena.

d. how households and firms make decisions and how they interact.

2. National income is defined as ( )

a. all income produced within a country.

b. the income received by the national government.

c. the total income earned by a nation’s residents from the production of goods and services

within the borders of the country.

d. the total income earned by a nation’s residents in the production of goods and services.

3. The best measure of a country’s production of goods and services is ( )

a. real GDP. b. real NNP. c. nominal GDP. d. nominal GNP.

4. GDP is used as the basic measure of a society’s economic well-being. A better measure of the

economic well-being of individuals in society is ( )

a. the consumption component of GDP.

b. GDP per person.

c. government expenditures per person.

d. the level of business investment.

5. The inflation rate is defined as the ( )

a. cost of inflation.

b. cost of borrowing.

c. percentage change in real GDP from the previous period.

d. percentage change in the price level from the previous period.

6. If the nominal interest rate is 8% and rate of inflation is 2%, the real interest rate is ( )

a. 16%. b. 10%. c. 6%. d. 4%.

7. What is the purpose of measuring the overall level of prices in the economy? ( )

a. to allow consumers to know what kinds of prices to expect in the future

b. to allow the measurement of GDP

c. to allow comparison between dollar figures from different points in time

d. All of the above are correct.

8. A COLA automatically raises the wage rate when ( )

a. real GDP increases.

b. the labor force increases. c. taxes increase.

d. the consumer price index increases.

9. A certificate of indebtedness that specifies the obligations of the borrower to the holder is called

a ( )

a. stock. b. mutual fund. c. bond. d. All of the above are correct.

10. Stock indexes are ( )

a. reports in the newspapers that report on the price of the stock and earnings of individual

corporations over time.

b. the average of a group of stock prices.

c. measures of the risk relative to the profitability of corporations.

d. measures of the price of a stock relative to its risk.

11. If Congress raised the tax on interest income, investment ( )

a. and saving would increase.

b. and saving would decrease.

c. would increase and saving would decrease.

d. would decrease and saving would increase.

12. An increase in the budget deficit shifts the ( )

a. demand for loanable funds left.

b. demand for loanable funds right.

c. supply of loanable funds left.

d. supply of loanable funds right.

13. Which of the following beliefs would make someone less likely to oppose government deficits?

( )

a. The return on private investment is higher than the return on public investment.

b. Taxes considerably distort private decision making.

c. The demand for loanable funds curve is very steep.

d. All of the above would make someone less likely to oppose government deficits.

14. Which of the following people is counted as unemployed according to official statistics?

( )

a. Nancy, who is on temporary layoff

b. Gary, who has retired and is not looking for work

c. Brian, a full-time student who is not looking for work

d. All of the above are correct.

15. The natural rate of unemployment is ( )

a. zero percent.

b. the rate associated with the highest possible level of GDP.

c. created primarily by short-run fluctuations in real GDP.

d. the amount of unemployment that the economy normally experiences. 16. Sectoral shifts in the economy ( )

a. create structural unemployment.

b. immediately reduce unemployment.

c. on net leave unemployment unchanged.

d. increase unemployment due to job search.

17. Minimum wage laws ( ) 院系： 专业班级： 姓名： 学号：

装

订 线

a. probably reduce teenage employment.

b. are probably the major cause of natural unemployment.

c. probably most adversely affect skilled workers.

d. All of the above are correct.

18. Angela is the newly appointed CEO of a company that manufactures computer chips on an

assembly line. Her staff has told her that given productivity numbers, they suspect some workers