北大出版社曼昆宏观经济学第六版全英题库有答案23章(供参考)

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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 likely

a. increased. b. decreased.

c. stayed the same.

d. may have increased, decreased, or stayed the same. ANS: B DIF: 3 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Inventory MSC: Analytical

46. Which of the following domestically produced items is not included in GDP?

a. a bottle of shampoo b. a hairdryer c. a haircut

d. All of the above are included in GDP. ANS: D DIF: 2 REF: 10-2 NAT: Analytic

LOC: The study of economics and definitions in economics TOP: 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 beekeeper d. All of the above are included in GDP. ANS: D DIF: 2 REF: 10-2

LOC: The study of economics and definitions in economics MSC: Interpretive

NAT: Analytic

TOP: Goods and services

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: C DIF: 2 REF: 10-2 NAT: Analytic

LOC: The study of economics and definitions in economics TOP: Goods and services MSC: Interpretive

49. Transactions involving items produced in the past, such as the sale of a 5-year-old automo-bile 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: D DIF: 2 REF: 10-2 NAT: Analytic

LOC: The study of economics and definitions in economics TOP: Current production MSC: Applicative

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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: B DIF: 2 REF: 10-2 NAT: Analytic

LOC: The study of economics and definitions in economics TOP: 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 re-garding 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: D DIF: 2 REF: 10-2 NAT: Analytic

LOC: The study of economics and definitions in economics TOP: Current production MSC: Applicative

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 regard-ing 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: D DIF: 2 REF: 10-2 NAT: Analytic

LOC: The study of economics and definitions in economics TOP: 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: C DIF: 3 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Current production | Household chores MSC: Analytical 54. 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

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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 $12,000 b. it does not change GDP c. it raises GDP by $238,000 d. it raises GDP by $250,000 ANS: B DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Current production | Housing services MSC: Applicative 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 car b. the amount she paid to buy new parts c. the value of her time repairing the car d. All of the above are included. ANS: B DIF: 3 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Current production | Household chores MSC: Interpretive 56. 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. $39,000 d. $57,000 ANS: B DIF: 3 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Current production | Inventory MSC: 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. $24,000 b. $43,000 c. $54,000 d. $73,000 ANS: C DIF: 3 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Current production | Inventory MSC: Analytical

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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. $100,000 c. $300,000 d. $400,000 ANS: C DIF: 3 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Current production | Inventory MSC: 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 Singapore c. Both (a) and (b) are correct. d. Neither (a) nor (b) is correct. ANS: A DIF: 2 REF: 10-2 NAT: Analytic

LOC: The study of economics and definitions in economics TOP: Domestic production MSC: Applicative

60. Sheri, a U.S. citizen, works only in Germany. The value she adds to production in Ger-many is included

a. 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: B DIF: 2 REF: 10-2 NAT: Analytic

LOC: The study of economics and definitions in economics TOP: 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 in a. 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: B DIF: 2 REF: 10-2 NAT: Analytic

LOC: The study of economics and definitions in economics TOP: Domestic production MSC: Applicative

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