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绪论 单元测试
1、单选题：
GDP excludes most items that are produced and sold illegally and most items that are produced and consumed at home because
选项：
A:measuring them is so difficult.
B: the quality of these items is not high enough to contribute value to GDP.
C: the government wants to discourage the production and consumption of these items.
D: these items are not reported on income tax forms.
答案: 【measuring them is so difficult.】
第一章 单元测试
1、单选题：
For an economy as a whole,
选项：
A:the market value of production must equal expenditure.
B:wages must equal income.
C:investment must equal the value of stocks and bonds purchased.
D:consumption must equal saving.
答案: 【the market value of production must equal expenditure.】
2、单选题：
If an economy’s GDP falls, then it must be the case that the economy’s
选项：
A:income rises and market value of all production falls.
B:income and saving fall.
C: income falls and market value of all production rises.
D:income and market value of all production both fall.
答案: 【income and market value of all production both fall.】
3、单选题：
According to the circular-flow diagram GDP
选项：
A:can be computed as payments firms make to factors of production but not as revenues they receive from the sales of goods andservices.
B:can be computed as the revenue firms receive from the sales of goods and services but not as the payments they make to factorsof production.
C: cannot be computed as either the revenue firms receive or the payments they make to factors of production.
D: can be computed as either the revenue firms receive from the sales of goods and services or the payments they make to factorsof production.
答案: 【 can be computed as either the revenue firms receive from the sales of goods and services or the payments they make to factorsof production.】
4、单选题：
If the price of a dress is three times the price of a pair of shoes, then a pair of shoes contributes
选项：
A:less than one-third as much to GDP as does a dress.
B: more than one-third as much to GDP as does a dress.
C:exactly one-fourth as much to GDP as does a dress.
D:exactly one-third as much to GDP as does a dress.
答案: 【exactly one-third as much to GDP as does a dress.】
5、单选题：
GDP excludes most items that are produced and sold illegally and most items that are produced and consumed at home because
选项：
A:measuring them is so difficult.
B: the government wants to discourage the production and consumption of these items.
C: the quality of these items is not high enough to contribute value to GDP.
D: these items are not reported on income tax forms.
答案: 【measuring them is so difficult.】
6、单选题：
A steel company sells some steel to a bicycle company for $150. The bicycle company uses the steel to produce a bicycle,which it sells for $250. Taken together, these two transactions contribute
选项：
A:$400 to GDP.
B: $250 to GDP.
C: $150 to GDP.
D:between $250 and $400 to GDP, depending on the profit earned by the bicycle company when it sold the bicycle.
答案: 【 $250 to GDP.】
7、单选题：
A dairy buys $50,000 worth of milk and spend $5,000 on cartons and utilities. It sells the cartons of milk to a grocery store for$60,000 that then sells all of the cartons to consumers for $65,000. How much do these actions add to GDP?
选项：
A:$65,000
B:$120,000
C:$55,000
D:None of the above are correct.
答案: 【$65,000】
8、单选题：
Sheri, a U.S. citizen, works only in Germany. The value she adds to production in Germany is included
选项：
A:in both German GDP and U.S. GDP.
B:in U.S. GDP, but is not included in German GDP.
C:in German GDP, but is not included in U.S. GDP.
D:in neither German GDP nor U.S. GDP.
答案: 【in German GDP, but is not included in U.S. GDP.】
9、单选题：
Consumption consists of spending by households on goods and services, with the exception of
选项：
A:purchases of new houses.
B:purchases of intangible services.
C:purchases of durable goods.
D:spending on education.
答案: 【purchases of new houses.】
10、单选题：
Which of the following items is included in GDP?
选项：
A: All of the above are included in GDP.
B:the sale of used goods
C: the sale of stocks and bonds
D: the sale of services such as those performed by a doctor
答案: 【 the sale of services such as those performed by a doctor】
第二章 单元测试
1、单选题：
Most, but not all, athletic apparel sold in the United States is imported from other nations. If the price of athletic apparelincreases, the GDP deflator will
选项：
A:increase, but the consumer price index will not increase.
B:not increase, but the consumer price index will increase.
C: increase less than will the consumer price index.
D: increase more than will the consumer price index.
答案: 【 increase less than will the consumer price index.】
2、单选题：
Babe Ruth, the famous baseball player, earned $80,000 in 1931. Today, the best baseball players can earn more than 400times as much as Babe Ruth earned in 1931. However, prices have also risen since 1931. We can conclude that
选项：
A:because prices have also risen, the standard of living of baseball stars hasn’t changed since 1931.
B:one cannot determine whether baseball stars today enjoy a higher standard of living than Babe Ruth did in 1931 withoutadditional information regarding increases in prices since 1931.
C: the best baseball players today are about 400 times better off than Babe Ruth was in 1931.
D: one cannot make judgments about changes in the standard of living based on changes in prices and changes in incomes.
答案: 【one cannot determine whether baseball stars today enjoy a higher standard of living than Babe Ruth did in 1931 withoutadditional information regarding increases in prices since 1931.】
3、单选题：
The economy’s inflation rate is the
选项：
A:change in the gross domestic product from the previous period.
B:change in the price level from the previous period.
C:price level in the current period.
D:percentage change in the price level from the previous period.
答案: 【percentage change in the price level from the previous period.】
4、单选题：
When the quality of a good deteriorates while its price remains the same, the purchasing power of the dollar
选项：
A:decreases, so the CPI understates the change in the cost of living if the quality change is not accounted for.
B:increases, so the CPI overstates the change in the cost of living if the quality change is not accounted for.
C:decreases, so the CPI overstates the change in the cost of living if the quality change is not accounted for.
D:increases, so the CPI understates the change in the cost of living if the quality change is not accounted for.
答案: 【decreases, so the CPI understates the change in the cost of living if the quality change is not accounted for.】
5、单选题：
In 1983, one could buy a model radio-controlled airplane for $11.50 each. Those same planes are available today and theprice increased at exactly the rate of inflation. If the CPI today is 220.5 and in 1983 was 105, what is the price of theairplane today?
选项：
A: $11.50
B:$5.48
C:$2.10
D: $24.15
答案: 【 $24.15】
6、单选题：
Which of the following is not correct?
选项：
A:The purchasing power of an interest-earning deposit can increase or decrease over time, but it cannotIf there is deflation, then the purchasing power of an interest-earning deposit rises by more thanThe higher the rate of inflation, the smaller the increase in the purchasing power of anIf the inflation rate exceeds the nominal interest rate, then the purchasing power of an interest-earning deposiThe purchasing power of an interest-earning deposit can increase or decrease over time, but it cannotIf the nominal interest rate is 5 percent and the rate of inflation is -2.5 percent, then the real interest rate is
选项：
A: -2.5 percent.
B:7.5 percent.
C:2.5 percent.
D:-7.5 percent.
答案: 【7.5 percent.】
9、单选题：
Suppose the price of a quart of milk rises from $1.00 to $1.20 and the price of a T-shirt rises from $8.00 to $9.60. If theCPI rises from 150 to 195, then people likely will buy
选项：
A:less milk and fewer T-shirts.
B:less milk and more T-shirts.
C:more milk and fewer T-shirts.
D:more milk and more T-shirts.
答案: 【more milk and more T-shirts.】
10、单选题：
The primary purpose of measuring the overall level of prices in the economy is to
选项：
A:allow consumers to know what kinds of prices to expect in the future.
B:allow for the comparison of dollar figures from the same point in time.
C:allow for the comparison of dollar figures from different points in time.
D:allow for the measurement of GDP.
答案: 【allow for the comparison of dollar figures from different points in time.】
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