※ 引述《TalkToMe (跟我说一下啦)》之铭言： : 课程名称︰经济学二 : 课程性质︰必修 通识 : 课程教师︰吴中书 : 开课学院： : 开课系所︰ : 考试日期（年月日）︰ : 考试时限（分钟）： : （如未明确表示，则不予发放） : 试题 :http://ppt.cc/roXj 刚好有空把他打在bbs上 赚点p币 基本分:10分 I.Multiple Choices (单选题，30 points, with 3 points for each question) Table 1 The table below contains data for the country of Crete for the year 2013. Total income $5731 Household purchases of durable goods $1108 Household purchases of nondurable goods $ 702 Household purchases of non-education services $ 203 Household purchases of education services $ 302 Household purchases of new housing $ 816 Purchases of capital equipment $ 333 Inventory changes $ 75 Purchases of new structures $ 267 Depreciation $ 401 Local government spending on goods and services $ 236 State government spending on goods and services $ 419 Federal government spending on goods and services$1182 Transfer payments $ 707 Foreign purchases of domestically produced goods $ 217 Domestic purchases of foreign goods $ 129 1. Refer to Table 1. What was Crete’s GDP in 2013? a. $4623 b. $5731 c. $6037 d. $6839 2. Refer to Table 1. What was Crete’s consumption in 2013? a. $1810 b. $2013 c. $2315 d. $3131 3. Refer to Table 1. What were Crete’s government purchases in 2013? a. $1130 b. $1601 c. $1837 d. $2544 4. If in some year nominal GDP was $28 trillion and real GDP was $32 trillion, what was the GDP deflator ? a. 87.5 b. 114.3 c. 400 d. 896 5. A country reported nominal GDP of $200 billion in 2010 and $180 billion in 2009. It also reported a GDP deflator of 125 in 2010 and 105 in 2009. Between 2009 and 2010, a. real output and the price level both rose. b. real output rose and the price level fell. c. real output fell and the price level rose. d. real output and the price level both fell. 6. Which of the following statements regarding GDP is correct? a. GDP includes factory production, but not any harm that may be inflicted on the environment. b. GDP accounts for all activities taking place outside markets. c. GDP provides detailed information about the distribution of income. d. GDP is a good measure of economic well-being for all purposes. Table 2 The table below pertains to Iowan, an economy in which the typical consumer’s basket consists of 3 pounds of pork and 4 bushels of corn. Year Price of Price of Pork Corn 2008 $20 per pound $12 per bushel 2009 $25 per pound $18 per bushel 7. Refer to Table 2. The cost of the basket in 2008 was a. $108. b. $147. c. $160. d. $224 8. Refer to Table 2. The cost of the basket in 2009 was a. $108. b. $147. c. $160. d. $301. 9. When the relative price of a good increases, consumers respond by buying a. a larger quantity of that good and a larger quantity of substitutes for that good. b. a larger quantity of that good and a smaller quantity of substitutes for that good. c. a smaller quantity of that good and a larger quantity of substitutes for that good. d. a smaller quantity of that good and a smaller quantity of substitutes for that good. 10. You know that a candy bar cost five cents in 1962. You also know the CPI for 1962 and the CPI for today. Which of the following would you use to compute the price of the candy bar in today's prices? a. five cents * (1962 CPI / today's CPI) b. five cents * ((today's CPI - 1962 CPI)/1962 CPI) c. five cents * (today's CPI / 1962 CPI) d. five cents * today's CPI - five cents * 1962 CPI. 11. Iggie took a university teaching job as an assistant professor in 1974 at a salary of $10,000. By 2003, she had been promoted to full professor, with a salary of $50,000. If the price index was 50 in 1974 and 180 in 2003, then what is Iggie's 2003 salary in 1974 dollars? a. $13,888.89 b. $40,000 c. $65,000 d. $180,000 12. Which of the following is not correct? a. If the inflation rate exceeds the nominal interest rate, then the purchasing power of an interest-earning deposit falls over time. b. If there is deflation, then the purchasing power of an interest-earning deposit rises by more than the nominal interest rate over time. c. The higher the rate of inflation, the smaller the increase in the purchasing power of an interest-earning deposit. d. The purchasing power of an interest-earning deposit can increase or decrease over time, but it cannot stay the same. 13. Long-term bonds are a.riskier than short-term bonds, and so interest rates on long-term bonds are usually lower than interest rates on short-term bonds. b.riskier than short-term bonds, and so interest rates on long-term bonds are usually higher than interest rates on short-term bonds. c.less risky than short-term bonds, and so interest rates on long-term bonds are usually lower than interest rates on short-term bonds. d.less risky than short-term bonds, and so interest rates on long-term bonds are usually higher than interest rates on short-term bonds. 14. Suppose government expenditures on goods and services increase, transfers are unchanged, and taxes rise by less than the increase in expenditures. These changes in the government’s budget cause a.both the equilibrium interest rate and the equilibrium quantity of loanable funds to fall. b.both the equilibrium interest rate and the equilibrium quantity of loanable funds to rise. c.the equilibrium interest rate to rise and the equilibrium quantity of loanable funds to fall. d.the equilibrium interest rate to fall and the equilibrium quantity of loanable funds to rise. 15. Crowding out occurs when investment declines because a. a budget deficit makes interest rates rise. b. a budget deficit makes interest rates fall. c. a budget surplus makes interest rates rise. d. a budget surplus makes interest rates fall. 16. Other things the same, an increase in population growth a.increases capital per worker. Further, there is some evidence that a higher population growth rate may increase the pace of technological progress. b.increases capital per worker. However, there is some evidence that a higher population growth rate may decrease the pace of technological progress. c.decreases capital per worker. Further, there is some evidence that a higher population growth rate may decrease the pace of technological progress. d.decreases capital per worker. However, there is some evidence that a higher population growth rate may increase the pace of technological progress. 17. When opening a print shop you need to buy printers, computers, furniture, and similar items. Economists call these expenditures a.capital investment. b.investment in human capital. c.business consumption expenditures. d.personal saving. 18. Which of the following statements about mutual funds is correct? a.A mutual fund is not a financial intermediary. b.A disadvantage of buying mutual funds is a lack of diversification c.People who buy shares from a mutual fund are guaranteed a minimum return. d.On average index funds outperform managed funds. 19. In a closed economy, private saving is a.the amount of income that households have left after paying for their taxes and consumption. b.the amount of income that businesses have left after paying for the factors of production. c.the amount of tax revenue that the government has left after paying for its spending. d.always equal to investment. 20. George has $300 in a bank account. Some years ago he put $213.20 into this account, and it has earned 5 percent interest every year since then. How many years ago did he open his account? a. 4 years b. 5 years c. 6 years d. 7 years 21. A firm has three different investment options. Option A will give the firm $10 million at the end of one year, $10 million at the end of two years, and $10 million at the end of three years. Option B will give the firm $15 million at the end of one year, $10 million at the end of two years, and $5 million at the end of three years. Option C will give the firm $30 million at the end of one year, and nothing thereafter. Which of these options has the highest present value? a. Option A b. Option B c. Option C d. The answer depends on the rate of interest, which is not specified here. 22. A car salesperson gives you four alternative ways to pay for your car.The first is to pay $18,000 today. The second is to pay $19,000 one year from today. The third is to pay $20,300 two years from today. The fourth is to pay $21,500 three years from today. If the interest rate is 6 percent, which payment option has the lowest present value and which has the highest? a.The first is lowest; the second is highest. b.The second is lowest; the third is highest. c.The third is lowest; the fourth is highest. d.The fourth is lowest; the first is highest. 23. Diversification of a portfolio a.can eliminate market risk, but it cannot eliminate firm-specific risk. b.can eliminate firm-specific risk, but it cannot eliminate market risk. c.increases the portfolio’s standard deviation. d.is not necessary for a person who is risk averse. 24. If stock prices follow a random walk, then stock investors can make large profits by a.buying stocks whose prices have been falling for several days. b.buying stocks whose prices have been rising for several days. c.performing fundamental analysis of stocks using data contained in annual reports. d.using inside information. Table 3 2009 Labor Data for Baltivia Number of adults 20,000 Number of adults who are paid employees 8,000 Number of adults who work in their own businesses 1,600 Number of adults who are unpaid workers in a family member’s business 1,000 Number of adults who were temporarily absent from their jobs because of an earthquake 400 Number of adults who were waiting to be recalled to a job from which they had been laid off 200 Number of adults who do not have a job, are available for work, and have tried to find a job within the past four weeks 1,400 Number of adults who do not have a job, are available for work, but have not tried to find a job within the past four weeks 780 Number of adults who are full-time students 3,000 Number of adults who are homemakers or retirees 3,620 25. Refer to Table 3. What was Baltivia’s labor-force participation rate in 2009? a.55 percent b.63 percent c.66.9 percent d.87.3 percent 26. If the natural rate of unemployment is 5.2 percent and the actual rate of unemployment is 5.7 percent, then by definition there is a.cyclical unemployment amounting to 0.5 percent of the labor force. b.frictional unemployment amounting to 0.5 percent of the labor force. c.structural unemployment amounting to 0.5 percent of the labor force. d.search unemployment amounting to 0.5 percent of the labor force. 27. Consumers decide to ride bikes more and drive cars less. Bicycle companies expand production while automobile companies fire workers. This is an example of a.frictional unemployment created by sectoral shifts. b.frictional unemployment created by efficiency wages. c.structural unemployment created by efficiency wages. d.structural unemployment created by sectoral shifts. 28. If the minimum wage were currently above the equilibrium wage, then a decrease in the minimum wage that kept it above the equilibrium wage would a.increase the surplus of labor. b.reduce the surplus of labor. c.increase the shortage of labor. d.reduce the shortage of labor, 29. Tara, the CEO of a corporation operating in a relatively poor country where wages are low, decides to raise the wages of her workers even though she faces an excess supply of labor. Her decision a.might increase profits if it means that the wage is high enough for her workers to eat a nutritious diet that makes them more productive. b.will help eliminate the excess supply of labor. c.may cause her workers to increase shirking. d.All of the above are correct. 30. Four employers have justified their actions as follows. Whose logic is not consistent with the logic of efficiency wage theory? a.Jay develops a new assembly line technology that limits the amount of shirking workers can do, so he reduces what he pays his employees so as to make it closer to the equilibrium wage. b.Kay pays her workers less than the equilibrium wage so they won't have the time or money to look for work somewhere else. c.Ray pays his workers in a developing country more than the going wage hoping that they will get a better diet and so be more productive. d.None of the above is consistent with the logic of efficiency wage theory. Answers: BCCAC / AABCC / ADBCA / DADAD / CBBDB / AABAB --

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