曼昆宏观经济学英语课后题答案
CHAPTER 2３: MEASURINＧ A NATION’S INCＯMＥ
True/False
Iｎdicaｔｅ wｈethｅr the statｅｍeｎｔ ｉs ｔrue ｏr fａｌse.
1. Tｈｅ ｃirculaｒ fｌow diaｇｒam dｅscribes ａll ｔｒａnsａｃtiｏnｓ ｂｅtｗ
een househｏｌｄs ａnｄ ｆｉｒms in a ｓimple economｙ aｎd showｓ ｔhe equality of expenｄitures aｎd incｏme.
ANSWER: T POINTS:
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Grｏsｓ domestic product inｃludes most iteｍs pｒｏducｅd and ｓｏld ｉｌlｉ ２.
citｌy.
ANSWER: F POINTS:
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Net nａｔioｎal pｒoducｔ is ｔｈe ｔoｔａｌ ｉnｃｏｍe of a natioｎ’s rｅsｉｄ 3．
ｅnts mｉｎｕs loｓsｅｓ from ｄｅpｒｅciation.
ANSWER: T POINTS:
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４. Dｉsposａble personａl iｎcｏme is the incｏｍe tｈat houseｈoｌds and unincorpo
ｒａted ｂusｉｎｅss ｈaｖe ｌeft after satiｓfying ａll theiｒ obligatiｏｎs ｔｏ the govｅrnmeｎt. It equａls personaｌ iｎcome minuｓ personal taxeｓ anｄ ceｒtain non－tａx paｙｍents ｔｏ governｍent．
ANSWER: T POINTS:
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Thｅ puｒchase oｆ neｗ houses by hｏuseholds is iｎcluｄed in the caｌculaｔｉ 5．
ｏn of ｐersonａl ｃｏnsuｍpｔiｏn ｅxpenｄitｕｒes ｏf ＧDＰ.
ANSWER: F POINTS:
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Multiple Ｃhoiｃe
Identifｙ thｅ choice that ｂｅst completes the ｓtatｅment oｒ aｎswｅrs ｔｈe quesｔｉｏn.
1． Ｗhｅn GDP fallｓ,
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曼昆宏观经济学英语课后题答案
a. income and expenditure must both fall. b. income and expenditure can both rise. c. income must fall, but expenditure may rise or fall. d. expenditure must fall, but income may rise or fall.
ANSWER: A POINTS:
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２. Income equaｌs expeｎdｉtｕre ｂｅcausｅ
a. firms always pay out all their revenue as income to someone. b. each time a sale is made, there is a buyer and a seller.
c. households own the factors of production used to generate incomes. d. All of the above are correct.
ANSWER: B POINTS:
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3. If a ｐｒovｉｎce maｋｅs ｔhe ｐrodｕctｉon and saｌe of iｌlicｉt drugs leｇ
al, thｅｎ GDＰ a. must increase. b. must decrease. c. wouldn't change. d. may increase or decrease.
ANSWER: A POINTS:
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4. Ｗhen a ｇｏvｅrnｍeｎt providｅs sｕbsiｄieｓ to encoｕraｇe ｇrowth of small bu
ｓｉneｓsｅs, ｔｈe subｓidies wｏuld
a. be included in GDP because they are invested by businesses. b. be included in GDP because they are a form of government spending. c. not be included in GDP because they are transfer payments.
d. may or may not be included in GDP, depending on how the funds are used.
ANSWER: C POINTS:
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５. Diesel fueｌ ｉｓ
a. always considered a final good.
b. counted as an intermediate good if a company uses it to provide transportation
services.
c. counted as a final good if a farmer uses it to run a tractor to grow crops. d. Both b and c are correct.
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曼昆宏观经济学英语课后题答案
ANSWER: B POINTS:
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6． Grｏss domｅstic proｄｕcｔ
a. is the market value of all final goods and services produced within a country in a
given period (usually a year)
b. is the income in the hands of individuals after deducting income taxes; income
available to households to spend and save
c. is the value of goods and services purchased by all levels of government— federal,
provincial, and local—in a given period
d. is the market value of all final goods and services produced by permanent residents
of a nation in a given time period
ANSWER: A POINTS:
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7． Ｍacroeconomｉcs ｉｓ tｈat branｃh ｏｆ econｏmｉcs that stuｄｉeｓ
a. the conditions of individual markets
b. the influence of governments on individual markets c. economy-wide phenomena d. only the private sector of the economy
ANSWER: C POINTS:
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8. Suppoｓｅ that nomｉｎal ＧDP is $6,０00 billｉoｎ ａnd reａｌ GDP is $3,00０.
Whａt is tｈe GDP ｐrice defｌａｔｏr? a. 125 b. 150 c. 200 d. 250
ANSWER: C POINTS:
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9. Thｅ purｃｈａse ｏf finａl ｇｏods ａnd serｖiｃes by ｈｏｕsehoｌdｓ is
called a. investment
b. public sector expenditure c. consumption d. net exports
ANSWER: C POINTS:
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曼昆宏观经济学英语课后题答案
10． Inｖｅsｔｍent ｉs thｅ ｐuｒchase of caｐｉｔａl eｑuipｍｅnt, inventｏrｉeｓ,
and
a. structures b. non-durable goods c. depreciation d. import investment
ANSWER: A POINTS:
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1１. Tｒanｓfer paymentｓ
a. are included in GDP because they are forms of income
b. are included in GDP because goods and services have been produced in the
transfer
c. are NOT included in the GDP because goods and services have not been produced
in the transfer
d. are included in GDP because they represent the production of transfers of goods
and services to foreign countries
ANSWER: C POINTS:
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１2. Ｗhich of thｅ following wｏuld be ｃonｓidered conｓｕｍptioｎ expendｉtuｒ
e?
a. The Smiths buy a home built in 1990.
b. The federal government pays the salary of a captain in the Armed Forces. c. The Hostlers buy a new car that was manufactured in Germany. d. The government buys food for its armed forces.
ANSWER: C POINTS:
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1３． The mｅtｈod that measures ＧDP ｉn relationship to the sｉze oｆ tｈe poｐuｌ
atioｎ ｉs cａｌleｄ a. GNP b. worker GDP c. GDP per person d. capital GDP
ANSWER: C POINTS:
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１4. The ｃomponenｔs of ＧDP aｒe
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曼昆宏观经济学英语课后题答案
a. C + I + G b. NX + G + C c. C + G + NX d. C + I + G + NX
ANSWER: D POINTS:
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15. Ｓuppose ｎoｍinａl GDＰ ｉｓ $7７00 and the GＤP defｌａtor iｓ 110． Ｒｅal
GＤP is a. $7700 b. $7000 c. $847,000 d. $8470
ANSWER: B POINTS:
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Ｓhorｔ Aｎswｅｒ
１． Wｈａt are the ｃｏmpｏnents ｏf ｇross domesｔｉc produｃt (ＧＤP)?
RESPONSE:
ANSWER: The components of GDP are: (1) consumption spending by households on
goods and services, with the exception of purchases of new housing; (2) Investment spending on capital equipment, inventories, and structures, including household purchases of new housing; (3) government purchases or spending on goods and services by the local, provincial, and federal levels governments; and (4) net exports which is spending on domestically produced goods and services by foreigners (exports) minus spending on foreign goods and services by domestic resident (imports).
POINTS:
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2. Dｉｆfｅrｅｎtiatｅ between gross ｄomestic prodｕｃt （GDＰ) and ｇroｓｓ nａ
tional produｃt (GNＰ）.
RESPONSE:
ANSWER: GDP is the value of all final goods and services produced within a country in a
given year; while GNP is the total income earned by a nation’s permanent residents or nationals (that is, Canadians). GNP differs from GDP by including income that citizens of the nation (Canada) earned aboard, and excluding income that foreigners earn in the particular country (E.g. in Canada).
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曼昆宏观经济学英语课后题答案
