宏观经济学期末考试试卷1(附答案)

一、选择题 (每小题 1 分，共 30 分)

1．The government reports that "GDP increased by 1.6 percent in the last quarter." This statement means that GDP increased

a. by 6.4 percent for the year.

b. at an annual rate of 6.4 percent during the last quarter.

c. at an annual rate of 1.6 percent during the last quarter.

d. at an annual rate of .4 percent during the last quarter.

2．A Brazilian company produces soccer balls in the United States and exports all of them. If the price of the soccer balls increases, the GDP deflator

a. and the CPI both increase.

b. is unchanged and the CPI increases.

c. increases and the CPI is unchange

d.

d. and the CPI are unchanged.

3．The price of CD players increases dramatically, causing a 1 percent increase in the CPI. The price increase will most likely cause the GDP deflator to increase by

a. more than 1 percent.

b. less than 1 percent.

c. 1 percent.

d. It is impossible to make an informed guess without more information.

4．A nation's standard of living is measured by its

a. real GDP.

b. real GDP per person.

c. nominal GDP.

d. nominal GDP per person.

5．In 2002 President Bush imposed restrictions on imports of steel to protect the U.S.

steel industry.

a. This is an inward-oriented policy which most economists believe have adverse

effects on growth.

b. This is an inward-oriented policy which most economists believe have beneficial effects on

growth.

c. This is an outward-oriented policy which most economists believe have adverse effects on growth.

d. This is an outward-oriented policy which most economists believe have beneficial effects on

growth.

6．Generally when economists and the text talk of the "interest rate," they are talking about the

a. real interest rate.

b. current nominal interest rate.

c. real interest rate minus the inflation rate.

d. equilibrium nominal interest rat

e.

7．An increase in the budget deficit

a. makes investment spending fall.

b. makes investment spending rise.

c. does not affect investment spending.

d. may increase, decrease, or not affect investment spending.

8．Norne Corporation is considering building a new plant. It will cost them $1 million today to build it and it will generate revenues of $1,121 million three years from today. Of the interest rates below, which is the highest interest rate at which Norne would still be willing to build the plant?

a. 3 percent

b. 3.5 percent

c. 4 percent

d. 4.5 percent

9．Recent entrants into the labor force account for about

a. 1/2 of those who are unemployed. Spells of unemployment end about 1/5 of the time with people

leaving the labor force.

b. 1/3 of those who are unemployed. Spells of unemployment end about 1/2 of the time with people

leaving the labor force.

c. 1/4 of those who are unemploye

d. Spells of unemployment end about 1/2 of the time with people

leaving the labor force.

d. 1/4 of those who are unemployed. Spells of unemployment end about 1/5 of the time with people