发布时间 : 星期六 文章经济学原理对应练习 23更新完毕开始阅读b46e85cce009581b6bd9eb55
996 ? Chapter 23/Measuring a Nation's Income
103. 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 will have to raise taxes to pay for them. c. included in GDP since government expenditures 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 PTS: 1 DIF: 2 REF: 23-3
TOP: Government spending | Gross domestic product MSC: Applicative
104. 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 and GNP
are unaffected.
b. U.S. government purchases increase by $30,000; U.S. GNP increases by $30,000; and U.S. GDP and U.S. net
exports are unaffected.
c. U.S. government purchases; and U.S. net exports, GDP, and GNP are unaffected.
d. U.S. government purchases increase by $30,000; U.S. net exports decrease by $30,000; U.S. GNP increases by
$30,000; and U.S. GDP is unaffected.
ANS: A PTS: 1 DIF: 3 REF: 23-3 TOP: Gross domestic product | Gross national product MSC: Analytical 105. A wind farm in Iowa buys a large turbine generator from a Swedish-owned factory located in Connecticut that uses
workers who live in Connecticut. As a result,
a. U.S. investment, GDP, and GNP all increase by the same amount.
b. U.S. investment increases, but GDP and GNP are unaffected by the purchase.
c. U.S. investment and GDP increase by the same amount, but U.S. GNP increases by a smaller amount. d. U.S. investment and GNP increase by the same amount, but U.S. GDP increases by a smaller amount. ANS: C PTS: 1 DIF: 3 REF: 23-3 TOP: Investment | Gross domestic product | Gross national product MSC: Analytical 106. A transfer payment is
a. a payment for moving expenses a worker receives when he or she is transferred by an employer to a new location. b. a payment that is automatically transferred from your bank account to pay a bill or some other obligation. c. a form of government spending that is not made in exchange for a currently produced good or service.
d. the benefit that a person receives from an expenditure by government minus the taxes that were collected by
government to fund that expenditure.
ANS: C PTS: 1 DIF: 1 REF: 23-3 TOP: Transfer payments MSC: Definitional 107. Which of the following represents a transfer payment?
a. You transfer $1,000 from your bank account to a mutual fund. b. The government sends your grandfather his Social Security check. c. The bank transfers $10 in quarterly interest to your savings account.
d. Your employer automatically transfers $100 each month from your wages to a non-taxable medical spending
account.
ANS: B PTS: 1 DIF: 1 REF: 23-3 TOP: Transfer payments MSC: Definitional 108. 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. Each payment will be included in GDP as government purchases for the respective years.
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 PTS: 1 DIF: 2 REF: 23-3 TOP: Government spending | Transfer payments MSC: Applicative
Chapter 23/Measuring a Nation's Income ? 997
109. 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 expenditures. 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 PTS: 1 DIF: 1 REF: 23-3 TOP: Transfer payments MSC: Interpretive 110. Transfer payments are
a. included in GDP because they represent income to individuals.
b. included in GDP because the income eventually will be spent on consumption.
c. not included in GDP because they are not payments for currently produced goods or services. d. not included in GDP because taxes will have to be raised to pay for them. ANS: C PTS: 1 DIF: 1 REF: 23-3 TOP: Transfer payments MSC: Interpretive 111. A transfer payment is a payment made by
a. consumers, but not in exchange for a tangible product. b. firms, but not in exchange for capital equipment.
c. foreigners, but not in exchange for a domestically-produced good or service. d. government, but not in exchange for a currently produced good or service. ANS: D PTS: 1 DIF: 2 REF: 23-3 TOP: Transfer payments MSC: Definitional
112. Social Security payments are
a. included in GDP because they represent payments for work performed in the past. b. included in GDP because they represent potential consumption. c. excluded from GDP because they are not private pensions.
d. excluded from GDP because they do not represent current government purchases of goods and services. ANS: D PTS: 1 DIF: 1 REF: 23-3 TOP: Transfer payments MSC: Interpretive 113. 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 PTS: 1 DIF: 1 REF: 23-3 TOP: Transfer payments MSC: Interpretive 114. Which of the following is included in the consumption component of U.S. GDP?
a. purchases of staplers, paper clips, and telephones by U.S. business firms b. purchases of natural gas by U.S. households
c. purchases of newly constructed homes by U.S households d. All of the above are correct. ANS: B PTS: 1 DIF: 2 REF: 23-3 TOP: Consumption | Gross domestic product MSC: Interpretive 115. Which of the following is included in the investment component of GDP?
a. households’ purchases of newly constructed homes b. net additions to firms’ inventories c. firms’ purchases of capital equipment d. All of the above are correct. ANS: D PTS: 1 DIF: 1 REF: 23-3 TOP: Investment MSC: Definitional
998 ? Chapter 23/Measuring a Nation's Income
116. Which of the following items is counted as part of government purchases?
a. The federal government pays the salary of a Navy officer.
b. The state of Nevada pays a private firm to repair a Nevada state highway.
c. The city of Las Vegas, Nevada pays a private firm to collect garbage in that city. d. All of the above are correct. ANS: D PTS: 1 DIF: 2 REF: 23-3 TOP: Government purchases MSC: Definitional
117. 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 PTS: 1 DIF: 2 REF: 23-3 TOP: Government purchases MSC: Definitional 118. Which of the following sub-components of GDP can be either positive or negative?
a. inventory investment b. spending on services c. government purchases
d. All of the above are correct. ANS: A PTS: 1 DIF: 2 REF: 23-3 TOP: Gross domestic product MSC: Interpretive
119. Which of the following components or sub-components 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 PTS: 1 DIF: 2 REF: 23-3 TOP: Gross domestic product MSC: Interpretive 120. In 2004, U.S. GDP was almost
a. $8 trillion. b. $12 trillion. c. $24 trillion. d. $44 trillion. ANS: B PTS: 1 DIF: 2 REF: 23-3 TOP: Gross domestic product MSC: Definitional 121. In 2004, GDP per person in the United States was about
a. $22,000. b. $31,000. c. $40,000. d. $57,000. ANS: C PTS: 1 DIF: 2 REF: 23-3 TOP: Gross domestic product MSC: Definitional
122. In the United States in 2004, consumption represented approximately
a. 40 percent of GDP. b. 50 percent of GDP. c. 60 percent of GDP. d. 70 percent of GDP. ANS: D PTS: 1 DIF: 2 REF: 23-3 TOP: Consumption | Gross domestic product MSC: Definitional
Chapter 23/Measuring a Nation's Income ? 999
123. In 2004, U.S. net exports were
a. positive and about 2 percent the size of GDP. b. positive and about 5 percent the size of GDP. c. negative and about 2 percent the size of GDP. d. negative and about 5 percent the size of GDP. ANS: D PTS: 1 DIF: 2 REF: 23-3 TOP: Net exports | Gross domestic product
MSC: Definitional
124. In the United States in 2004, purchases of capital equipment, inventories, and structures amounted to about
a. 6 percent of GDP. b. 10 percent of GDP. c. 16 percent of GDP. d. 25 percent of GDP. ANS: C PTS: 1 DIF: 2 REF: 23-3 TOP: Investment | Gross domestic product MSC: Definitional 125. In 2004, U.S. government purchases of goods and services amounted to about
a. 19 percent of GDP. b. 23 percent of GDP. c. 27 percent of GDP. d. 33 percent of GDP. ANS: A PTS: 1 DIF: 2 REF: 23-3
TOP: Government spending | Gross domestic product MSC: Definitional
126. In 2004 in the U.S., the four components of GDP matched up with their relative importance as follows:
a. C: 50 percent of GDP; I: 18 percent of GDP; G: 27 percent of GDP; NX: 5 percent of GDP. b. C: 60 percent of GDP; I: 9 percent of GDP; G: 33 percent of GDP; NX: -2 percent of GDP. c. C: 70 percent of GDP; I: 16 percent of GDP; G: 19 percent of GDP; NX: -5 percent of GDP. d. C: 75 percent of GDP; I: 14 percent of GDP; G: 17 percent of GDP; NX: -6 percent of GDP. ANS: C PTS: 1 DIF: 2 REF: 23-3 TOP: Gross domestic product MSC: Definitional 127. 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 PTS: 1 DIF: 2 REF: 23-3 TOP: Net exports MSC: Interpretive 128. An identity is an equation that
a. describes an equilibrium.
b. pertains to macroeconomics, not to microeconomics.
c. must be true by the way the variables in the equation are defined. d. involves final goods, not intermediate goods. ANS: C PTS: 1 DIF: 1 REF: 23-3 TOP: Identity MSC: Definitional
129. In the equation Y = C + I + G + NX,
a. Y represents the economy’s total expenditure.
b. C represents household expenditures on services and durable goods. c. all of the variables are always positive numbers. d. All of the above are correct. ANS: A PTS: 1 DIF: 2 REF: 23-3 TOP: Gross domestic product MSC: Interpretive