5学原理（宏观）第五版测试题库(23)

1594 ? Chapter 23 /Measuring a Nation's Income

41. Unemployment compensation is

a. part of GDP because it represents income.

b. part of GDP because the recipients must have worked in the past to qualify. c. not part of GDP because it is a transfer payment.

d. not part of GDP because the payments reduce business profits.

ANS: C DIF: 2 REF: 23-3 NAT: Analytic LOC: The study of economics and definitions of economics TOP: Transfer payments MSC: Applicative

42. To encourage formation of small businesses, the government could provide subsidies; these subsidies

a. would be included in GDP because they are part of government purchases. b. would be included in GDP because they are part of investment expenditures. c. would not be included in GDP because they are transfer payments.

d. would not be included in GDP because the government raises taxes to pay for them.

ANS: C DIF: 2 REF: 23-3 NAT: Analytic LOC: The study of economics and definitions of economics TOP: Transfer payments MSC: Applicative

43. After the terrorist attacks on September 11, 2001, governments within the United States raised expenditures to

increase security at airports. These purchases of goods and services are a. not included in GDP since they do not represent production.

b. not included in GDP since the government collects taxes to pay for them.

c. included in GDP since government expenditures on goods and services are included in GDP. d. included in GDP only to the extent that the federal government, rather than state or local

governments, paid for them.

ANS: C DIF: 2 REF: 23-3 NAT: Analytic LOC: The study of economics and definitions of economics TOP: Government purchases MSC: Applicative

44. Which of the following items is counted as part of government purchases?

a. The federal government pays $2,000 in Social Security benefits to a retired person.

b. The city of Des Moines, Iowa pays $10,000 to a tree-trimming firm to trim trees along city

boulevards.

c. The state of Iowa pays $1,000 to help a low-income family pay its medical bills. d. All of the above are correct.

ANS: B DIF: 2 REF: 23-3 NAT: Analytic LOC: The study of economics and definitions of economics TOP: Government purchases MSC: Applicative

45. The U.S. government pays an economist at the U.S. Department of Commerce $50,000 in salary in 2006.

The economist then retires. In 2007, the government pays him $30,000 in retirement benefits. Which of the following is correct?

a. The 2006 payment is included in 2006 GDP as government purchases, and the 2007 payment is

included in 2007 GDP as government purchases.

b. The 2006 payment is included in 2006 GDP as government purchases, but the 2007 payment is not

included in 2007 GDP.

c. The 2006 payment is included in 2006 GDP as government purchases, and the 2007 payment is

included in 2007 GDP as government transfer payments.

d. The 2006 payment is included in 2006 GDP as government purchases, and the 2007 payment is

allocated to previous years' GDP according to the amount of work performed by the economist each year.

ANS: B DIF: 2 REF: 23-3 NAT: Analytic LOC: The study of economics and definitions of economics TOP: Government purchases MSC: Applicative

Chapter 23 /Measuring a Nation's Income ? 1595

46. Consider the following three items of spending by the government: (1) the federal government pays a $500

unemployment benefit to an unemployed person; (2) the federal government makes a $2,000 salary payment to a Navy lieutenant; (3) the city of Bozeman, Montana makes a $10,000 payment to ABC Lighting Company for street lights in Bozeman. Which of these payments contributes directly to government purchases in the national income accounts? a. only item (1) b. only item (2)

c. only items (1) and (2) d. only items (2) and (3)

ANS: D DIF: 2 REF: 23-3 NAT: Analytic LOC: The study of economics and definitions of economics TOP: Government purchases MSC: Applicative

47. Which of the following subcomponents of GDP can be either positive or negative?

a. inventory investment b. exports

c. government purchases

d. All of the above are correct.

ANS: A

NAT: Analytic TOP: GDP DIF: 2 REF: 23-3

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

48. Net exports equal

a. exports plus imports. b. exports minus imports. c. imports minus exports. d. GDP minus imports.

ANS: B

NAT: Analytic TOP: Net exports DIF: 1 REF: 23-3

LOC: The study of economics and definitions of economics MSC: Definitional

49. Which of the following components or subcomponents of GDP can be either positive or negative?

a. consumers' spending on durable goods b. firms' spending on capital equipment c. net exports

d. All of the above are correct.

ANS: C

NAT: Analytic TOP: GDP DIF: 2 REF: 23-3

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

50. If net exports is a negative number for a particular year, then

a. the value of firms’ inventories declined over the course of the year.

b. consumption exceeded the sum of investment and government purchases during the year. c. the value of goods sold to foreigners exceeded the value of foreign goods purchased during the

year.

d. the value of foreign goods purchased exceeded the value of goods sold to foreigners during the

year.

ANS: D

NAT: Analytic TOP: Net exports DIF: 2 REF: 23-3

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

51. If a U.S. citizen buys a television made in Korea by a Korean firm, then

a. U.S. net exports decrease and U.S. GDP decreases.

b. U.S. net exports are unaffected and U.S. GDP decreases. c. U.S. net exports are unaffected and U.S. GDP is unaffected. d. U.S. net exports decrease and U.S. GDP is unaffected.

ANS: D DIF: 2 REF: 23-3 NAT: Analytic LOC: The study of economics and definitions of economics TOP: Net exports | GDP MSC: Applicative

1596 ? Chapter 23 /Measuring a Nation's Income

52. A German citizen buys an automobile produced in the United States by a Japanese company. As a result,

a. U.S. net exports increase, U.S. GDP is unaffected, Japanese GNP increases, German net exports

decrease, and German GNP and GDP are unaffected.

b. U.S. net exports and GDP increase, Japanese GNP increases, German net exports decrease, and

German GNP is unaffected, and German GDP decreases.

c. U.S. net exports and GDP increase, Japanese GNP increases, German net exports decrease, and

German GNP and GDP are unaffected.

d. U.S. net exports and GDP are unaffected, Japanese GNP increases, and German net exports, GNP,

and GDP decrease.

ANS: C DIF: 3 REF: 23-3 NAT: Analytic LOC: The study of economics and definitions of economics TOP: Net exports | GDP | GNP MSC: Analytical

53. If a U.S. citizen buys a dress made in Nepal by a Nepalese firm, then

a. U.S. consumption increases, U.S. net exports decrease, and U.S. GDP decreases. b. U.S. consumption increases, U.S. net exports decrease, and U.S. GDP is unaffected. c. U.S. consumption decreases, U.S. net exports increase, and U.S. GDP increases. d. U.S. consumption decreases, U.S. net exports increase, and U.S. GDP is unaffected.

ANS: B DIF: 3 REF: 23-3 NAT: Analytic LOC: The study of economics and definitions of economics TOP: Consumption | Net exports | GDP MSC: Analytical

54. When an American household purchases a bottle of Italian wine for $100,

a. U.S. consumption does not change, U.S. net exports decrease by $100, and U.S. GDP decreases by

$100.

b. U.S. consumption does not change, U.S. net exports increase by $100, and U.S. GDP increases by

$100.

c. U.S. consumption increases by $100, U.S. net exports decrease by $100, and U.S. GDP does not

change.

d. U.S. consumption increases by $100, U.S. net exports do not change, and U.S. GDP increases by

$100.

ANS: C DIF: 3 REF: 23-3 NAT: Analytic LOC: The study of economics and definitions of economics TOP: Consumption | Net exports | GDP MSC: Analytical

55. When an Egyptian firm purchases a cement mixer from Slovakia,

a. Egyptian investment does not change, Egyptian net exports decrease, Egyptian GDP decreases,

Slovakian net exports increase, and Slovakian GDP increases.

b. Egyptian investment increases, Egyptian net exports decrease, Egyptian GDP is unaffected,

Slovakian net exports increase, and Slovakian GDP increases.

c. Egyptian investment decreases, Egyptian net exports increase, Egyptian GDP is unaffected,

Slovakian net exports decrease, and Slovakian GDP decreases.

d. Egyptian investment increases, Egyptian net exports do not change, Egyptian GDP increases,

Slovakian net exports do not change, and Slovakian GDP is unaffected.

ANS: B DIF: 3 REF: 23-3 NAT: Analytic LOC: The study of economics and definitions of economics TOP: Investment | Net exports | GDP MSC: Analytical

56. The U.S. Air Force pays a Turkish citizen $30,000 to work on a U.S. base in Turkey. As a result,

a. U.S. government purchases increase by $30,000; U.S. net exports decrease by $30,000; and U.S.

GDP is unaffected.

b. U.S. government purchases increase by $30,000; U.S. net exports are unaffected; and U.S. GDP

increases by $30,000.

c. U.S. government purchases, net exports, and GDP are unaffected.

d. U.S. government purchases are unaffected; U.S. net exports decrease by $30,000; and U.S. GDP

decreases by $30,000.

ANS: A DIF: 3 REF: 23-3 NAT: Analytic LOC: The study of economics and definitions of economics TOP: Government purchases | Net exports | GDP MSC: Analytical

Chapter 23 /Measuring a Nation's Income ? 1597

57. An Iowan receives a Social Security check for $500, which he uses to purchase a $480 television made in

Japan by a Japanese firm and a $20 dinner at a local restaurant. As a result, U.S. GDP a. does not change. b. increases by $20. c. increases by $520. d. increases by $1000.

ANS: B

NAT: Analytic TOP: GDP DIF: 3 REF: 23-3

LOC: The study of economics and definitions of economics MSC: Analytical

58. An American soldier stationed in California receives a paycheck from the federal government for $500, which

she uses to purchase a $300 stereo made in Korea by a Korean firm and $200 worth of groceries produced in California. As a result, U.S. GDP increases by a. $200. b. $500. c. $700. d. $1000.

ANS: C

NAT: Analytic TOP: GDP DIF: 3 REF: 23-3

LOC: The study of economics and definitions of economics MSC: Analytical

59. In the economy of Wrexington in 2008, consumption was $1000, exports were $100, government purchases

were $450, imports were $150, and investment was $350. What was Wrexington’s GDP in 2008? a. $1750 b. $1850 c. $1900 d. $2050

ANS: A

NAT: Analytic TOP: GDP DIF: 2 REF: 23-3

LOC: The study of economics and definitions of economics MSC: Applicative

60. In the economy of Wrexington in 2008, consumption was $5000, exports were $100, government purchases

were $900, imports were $200, and investment was $1000. What was Wrexington’s GDP in 2008? a. $6700 b. $6800 c. $7000 d. $7200

ANS: B

NAT: Analytic TOP: GDP DIF: 2 REF: 23-3

LOC: The study of economics and definitions of economics MSC: Applicative

61. In the economy of Wrexington in 2008, exports were $200, GDP was $2000, government purchases were

$300, imports were $130, and investment was $400. What was Wrexington’s consumption in 2008? a. $970 b. $1230 c. $1370 d. $1630

ANS: B DIF: 2 REF: 23-3 NAT: Analytic LOC: The study of economics and definitions of economics TOP: Consumption MSC: Applicative