中级宏观经济学练习题

Between Year 1 and Year 2, the GDP deflator (Year 1 as the base year) rose A) 60.00%. B) 81.25%. C) 83.33%. D) 123.00%. 9. The nominal interest rate minus the inflation rate is the A) depreciation rate. B) real interest rate. C) discount rate. D) forward rate. 10. In the production function Y = AF(K, N), total factor productivity is A) Y/A. B) A. C) K/N. D) Y/N. 11. The marginal product of capital is the increase in A) capital needed to produce one more unit of output. B) output from a one-unit increase in capital. C) labor needed to accompany a one-unit increase in capital. D) output from a one-dollar increase in capital. 12. What two factors should you equate in deciding how many workers to employ? A) The marginal product of labor and the marginal product of capital B) The marginal product of labor and the real wage rate C) The marginal product of labor and the real interest rate D) The marginal product of capital and the real wage rate 13. A tremendous flood along the Mississippi River destroys thousands of factories, reducing the nation's capital stock by 5%. What happens to current employment and the real wage rate? A) Both employment and the real wage rate would increase. B) Both employment and the real wage rate would decrease. C) Employment would increase and the real wage would decrease. D) Employment would decrease and the real wage would increase.
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中级宏观经济学期末练习题
1-45. Choose the right answer to each question and write it in the table below.
1 10 19 28 37 2 11 20 29 38 3 12 21 30 39 4 13 22 31 40 5 14 23 32 41 6 15 24 33 42 7 16 25 34 43 8 17 26 35 44 9 18 27 36 45
2Baidu Nhomakorabea
7. The value of real GDP in the current year equals A) the value of current-year output in prices of the base year. B) the value of current-year output in prices of the current year. C) the value of base-year output in prices of the base year. D) the value of base-year output in prices of the current year. 8. The country of Old Jersey produces milk and butter, and it has published the following macroeconomic data, where quantities are in gallons and prices are dollars per gallon. Good Milk Butter Quantity 500 2000 Year 1 Price $2 $1 Year 2 Quantity Price 900 $3 3000 $2
1. During the Great Depression, the unemployment rate for the United States peaked at approximately A) 10%. B) 70%. C) 45%. D) 25%. 2. In the United States, monetary policy is determined by A) the Federal Reserve. B) the president. C) private citizens. D) the Treasury Department. 3. The three approaches to measuring economic activity are the A) cost, income, and expenditure approaches. B) product, income, and expenditure approaches. C) consumer, business, and government approaches. D) private, public, and international approaches. 4. Fred the farmer purchased five new tractors at $20,000 each. Fred sold his old tractors to other farmers for $50,000. The net increase in GDP of these transactions was A) $50,000. B) $100,000. C) $75,000. D) $150,000. 5. If C = $400, I = $160, G = $100, NX = $30, and GNP = $700, how much is NFP? A) -$10 B) -$5 C) $5 D) $10 6. In a given year, a country's GDP = $9841, net factor payments from abroad = $889, taxes = $869, transfers received from the government = $296, interest payments on the government's debt = $103, consumption = $8148, and government purchases = $185. The country had national saving equal to A) $285. B) $3850. C) $2397. D) $2112.
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14. What is the unemployment rate if there are 150 million people employed, 25 million people unemployed, and 25 million not in the labor force? A) 14.3% B) 13.4% C) 12.5% D) 25.0% 15. When a person gets an increase in current income, what is likely to happen to consumption and saving? A) Consumption increases and saving increases. B) Consumption increases and saving decreases. C) Consumption decreases and saving increases. D) Consumption decreases and saving decreases. 16. When a person receives an increase in wealth, what is likely to happen to consumption and saving? A) Consumption increases and saving increases. B) Consumption increases and saving decreases. C) Consumption decreases and saving increases. D) Consumption decreases and saving decreases. 17. If the government cuts taxes today, issuing debt today and repaying the debt plus interest next year, a rational taxpayer will A) spend the full amount of the tax cut today and reduce consumption next year. B) increase consumption today, before taxes go up next year. C) increase saving today, leaving consumption unchanged. D) leave a smaller gross bequest to her or his heirs. 18. An economy has full-employment output of 5000. Government purchases are 1000. Desired consumption and desired investment are given by Id = 1000 - 4000r Cd = 3000 - 2000r + 0.1Y where Y is output and r is the real interest rate. The real interest rate that clears the goods market is A) 1.25%. B) 2.50%. C) 8.33%. D) 25.00%. 19. What's the most common way for a central bank to reduce the money supply? A) Collect higher taxes B) Sell bonds to the public C) Buy bonds from the government D) Buy bonds from the public 20. Over the past year, productivity grew 2%, capital grew 1%, and labor grew 1%. If the elasticities of output with respect to capital and labor are 0.2 and 0.8, respectively, how much did output grow? A) 1% B) 2% C) 3% D) 4%