范文范例 学习参考
45.A newspaper article informs you that most businesses reduced production in
the last quarter but also sold from their inventories during the last quarter. Based on this information GDP likelya.increased.b.decreased.
c.stayed the same.
d.may have increased, decreased, or stayed the same.ANS:BDIF:3REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP:InventoryMSC:Analytical
46.Which of the following domestically produced items is not included in GDP?
a.a bottle of shampoob.a hairdryerc.a haircut
d.All of the above are included in GDP.ANS:DDIF:2REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP:Goods and services
MSC:Interpretive
47.Which of the following is not included in GDP?
a.a can of bug spray
b.the services of an exterminator
c.the honey produced and sold by a beekeeperd.All of the above are included in GDP.ANS:DDIF:2REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP:Goods and services
MSC:Interpretive
48.Gross domestic product includes all
a.legal and illegal final goods, but it excludes all legal and illegal
final services.
b.legal and illegal final goods and all legal and illegal final services.c.legal final goods and services, but it excludes illegal final goods and
services.
d.legal and illegal final goods and legal final services, but it excludes
illegal final services.
ANS:CDIF:2REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP:Goods and services
MSC:Interpretive
精品资料整理
22 ? Chapter 23/Measuring a Nation's Income
49.Transactions involving items produced in the past, such as the sale of a
5-year-old automobile by a used car dealership or the purchase of an antique rocking chair by a person at a yard sale, are
a.included in current GDP because GDP measures the value of all goods and
services sold in the current year.
b.included in current GDP but valued at their original prices.
c.not included in current GDP because it is difficult to determine their
value.
d.not included in current GDP because GDP only measures the value of goods
and services produced in the current year.
ANS:DDIF:2REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP:Current production
MSC:Applicative
50.Which of the following transactions would be included in GDP for 2010?
a.In February 2010, Amanda sells a 1996 Honda Accord to Isabella.
b.In February 2010, Amanda buys a ticket to visit a zoo in Florida. She
visits the zoo in April 2011.
c.In December 2010, Isabella eats onions that she harvested from her
backyard garden in October 2010.d.All of the above are correct.ANS:BDIF:2REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP:Current production
MSC:Applicative
51.George lived in a home that was newly constructed in 2005 for which he
paid $200,000. In 2008 he sold the house for $225,000. Which of the following statements is correct regarding the sale of the house?
a.The 2008 sale increased 2008 GDP by $225,000 and had no effect on 2005
GDP.
b.The 2008 sale increased 2008 GDP by $25,000 and had no effect on 2005
GDP.
c.The 2008 sale increased 2008 GDP by $225,000; furthermore, the 2008 sale
caused 2005 GDP to be revised upward by $25,000.
d.The 2008 sale affected neither 2008 GDP nor 2005 GDP.ANS:DDIF:2REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP:Current production
MSC:Applicative
? 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
范文范例 学习参考
52.The Patersons bought a home that was newly constructed in 2007 for
$275,000. They sold the home in 2009 for $205,000. Which of the following statements is correct regarding the sale of the house?
a.The 2009 sale increased 2009 GDP by $205,000 and had no effect on 2007
GDP.
b.The 2009 sale reduced 2009 GDP by $70,000 and had no effect on 2007 GDP.c.The 2009 sale increased 2009 GDP by $205,000; and caused 2007 GDP to be
revised downward by $70,000.
d.The 2009 sale affected neither 2007 GDP nor 2009 GDP.ANS:DDIF:2REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP:Current production
MSC:Applicative
53.In early2010 Molly paid $200,000 for a house built in 2000. She spent
$30,000 on new materials to remodel the house. Although Molly lived in the house after she remodeled it, its rental value rose. Which of the following contributed to real GDP in 2010?
a.the price of the house, the cost of remodeling materials, the increase
in rental value
b.the price of the house and the cost of remodeling materials, but not the
increase in rental value
c.the costs of the remodeling materials and the increase in rent, but not
the price of the house
d.None of the above are correct.ANS:CDIF:3REF:10-2NAT:AnalyticLOC:The study of economics and definitions in economicsTOP:Current production | Household choresMSC:Analytical54.Tom and Lilly rented a house for $12,000 last year. At the start of the
year they bought the house they had been renting directly from the owner for $250,000. They believe they could rent it for $12,000 this year, but stay in the house. How much does Tom and Lilly’s decision to buy the house change GDP?
a.it reduces GDP by $12,000b.it does not change GDPc.it raises GDP by $238,000d.it raises GDP by $250,000ANS:BDIF:2REF:10-2NAT:AnalyticLOC:The study of economics and definitions in economicsTOP:Current production | Housing servicesMSC:Applicative
精品资料整理
24 ? Chapter 23/Measuring a Nation's Income
55.Sally purchases a classic 1964 car she saw for sale on someone’s lawn.
She then purchases some new parts and spends 120 hours refurbishing the car which she keeps. Which of the following is included in GDP?a.the amount she paid to buy the carb.the amount she paid to buy new partsc.the value of her time repairing the card.All of the above are included.ANS:BDIF:3REF:10-2NAT:AnalyticLOC:The study of economics and definitions in economicsTOP:Current production | Household choresMSC:Interpretive56.Tyler and Camille both live in Oklahoma. A new-car dealer in Oklahoma
bought a new car from the manufacturer for $18,000 and sold it to Tyler for $22,000. Later that year, Tyler sold the car to Camille for $17,000. By how much did these transactions contribute to U.S. GDP for the year?a.$18,000
b.$22,000（经销商的价格只是中间价格，卖给顾客的价格才是最终价值）c.$39,000d.$57,000ANS:BDIF:3REF:10-2NAT:AnalyticLOC:The study of economics and definitions in economicsTOP:Current production | InventoryMSC:Analytical
57.Consider two cars manufactured by Chevrolet in 2009. During 2009,
Chevrolet sells one of the two cars to Sean for $24,000. Later in the same year, Sean sells the car to Kati for $19,000. The second automobile, with a market value of $30,000, is unsold at the end of 2010 and it remains in Chevrolet’s inventory. The transactions just described contribute how much to GDP for 2009?a.$24,000b.$43,000c.$54,000d.$73,000ANS:CDIF:3REF:10-2NAT:AnalyticLOC:The study of economics and definitions in economicsTOP:Current production | InventoryMSC:Analytical
? 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
范文范例 学习参考
58.JR sells RV’s. In 2010 she added $400,000 to her inventory. $100,000 of
this addition was from used RV’s she purchased while the remaining
$300,000 was from her purchases of newly manufactured RV’s. How much of JR’s inventory is included in 2010 GDP?a.$0
b.$100,000c.$300,000d.$400,000ANS:CDIF:3REF:10-2NAT:AnalyticLOC:The study of economics and definitions in economicsTOP:Current production | InventoryMSC:Analytical
59.Which of the following is included in U.S. GDP?
a.the value of production by a Singaporean working in the U.S.b.the value of production by an American working in Singaporec.Both (a) and (b) are correct.d.Neither (a) nor (b) is correct.ANS:ADIF:2REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP:Domestic production
MSC:Applicative
60.Sheri, a U.S. citizen, works only in Germany. The value she adds to
production in Germany is includeda.in both German GDP and U.S. GDP.
b.in German GDP, but is not included in U.S. GDP.c.in U.S. GDP, but is not included in German GDP.d.in neither German GDP nor U.S. GDP.ANS:BDIF:2REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP:Domestic production
MSC:Applicative
61.Martin, a U.S. citizen, travels to Mexico and buys a newly manufactured
motorcycle made there. His purchase is included ina.both Mexican GDP and U.S. GDP.
b.Mexican GDP, but it is not included in U.S. GDP.c.U.S. GDP, but it is not included in Mexican GDP.d.neither Mexican GDP nor U.S. GDP.ANS:BDIF:2REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP:Domestic production
MSC:Applicative
精品资料整理
北大出版社_曼昆_宏观经济学_第六版_最新全英试题库_有答案解析_23章
