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
1004 ? Chapter 23/Measuring a Nation's Income
154. Which statement represents most correctly the relationship between nominal GDP and real GDP?
a. Nominal GDP measures base-year production using base-year prices, whereas real GDP measures current
production using current prices.
b. Nominal GDP measures current production using base-year prices, whereas real GDP measures current
production using current prices.
c. Nominal GDP measures current production using current prices, whereas real GDP measures current production
using base-year prices.
d. Nominal GDP measures current production using current prices, whereas real GDP measures base-year
production using base-year prices.
ANS: C PTS: 1 DIF: 2 REF: 23-4 TOP: Nominal GDP | Real GDP MSC: Interpretive
155. Which of the following statements about nominal GDP and real GDP is accurate?
a. Nominal GDP is a better gauge of economic well-being than is real GDP. b. Real GDP is a better gauge of economic well-being than is nominal GDP.
c. Real GDP and nominal GDP are equally good measures of economic well-being.
d. Whether real GDP or nominal GDP is a better measure of economic well-being depends on the mix of goods and
services.
ANS: B PTS: 1 DIF: 2 REF: 23-4
TOP: Nominal GDP | Real GDP | Economic welfare MSC: Interpretive
156. When economists talk about growth in the economy, they measure that growth with the
a. absolute change in nominal GDP. b. percentage change in nominal GDP. c. absolute change in real GDP. d. percentage change in real GDP. ANS: D PTS: 1 DIF: 2 REF: 23-4 TOP: Economic growth | Real GDP MSC: Interpretive
157. The GDP deflator is the ratio of
a. real GDP to nominal GDP multiplied by 100. b. real GDP to the inflation rate multiplied by 100. c. nominal GDP to real GDP multiplied by 100.
d. nominal GDP to the inflation rate multiplied by 100. ANS: C PTS: 1 DIF: 1 REF: 23-4 TOP: GDP deflator MSC: Definitional
158. If nominal GDP is $10 trillion and real GDP is $8 trillion, the GDP deflator is
a. 80, and this indicates that the price level has decreased by 20 percent since the base year. b. 80, and this indicates that the price level has increased by 80 percent since the base year. c. 125, and this indicates that the price level has increased by 25 percent since the base year. d. 125, and this indicates that the price level has increased by 125 percent since the base year. ANS: C PTS: 1 DIF: 2 REF: 23-4 TOP: GDP deflator | Inflation rate MSC: Interpretive
159. If the GDP deflator is 200 and nominal GDP is $10,000 billion, then real GDP is
a. $5,000 billion. b. $2,000 billion. c. $50 billion.
d. None of the above is correct. ANS: A PTS: 1 DIF: 2 REF: 23-4 TOP: Nominal GDP | Real GDP | GDP deflator MSC: Interpretive
160. If a small country has current nominal GDP of $20 billion and a GDP deflator of 50, what is its real GDP?
a. $100 billion b. $40 billion c. $10 billion d. $4 billion ANS: B PTS: 1 DIF: 2 REF: 23-4 TOP: Nominal GDP | Real GDP | GDP deflator MSC: Interpretive
Chapter 23/Measuring a Nation's Income ? 1005
161. If a small country has current nominal GDP of $25 billion and the GDP deflator is 125, what is real GDP?
a. $312.5 billion b. $207.5 billion c. $31.25 billion
d. None of the above is correct. ANS: D PTS: 1 DIF: 2 REF: 23-4 TOP: Nominal GDP | Real GDP | GDP deflator MSC: Interpretive 162. A country reported nominal GDP of $100 billion in 2006 and $75 billion in 2005; it reported a GDP deflator of 125 in
2006 and 120 in 2005. Between 2005 and 2006, a. real output and the price level both rose. b. real output rose and the price level fell. c. real output fell and the price level rose. d. real output and the price level both fell. ANS: A PTS: 1 DIF: 2 REF: 23-4 TOP: Real GDP | Price level MSC: Applicative 163. A country reported nominal GDP of $200 billion in 2006 and $180 billion in 2005; it reported a GDP deflator of 125
in 2006 and 105 in 2005. Between 2005 and 2006, a. real output and the price level both rose. b. real output rose and the price level fell. c. real output fell and the price level rose. d. real output and the price level both fell. ANS: C PTS: 1 DIF: 2 REF: 23-4 TOP: Real GDP | Price level MSC: Applicative 164. A country reported a nominal GDP of $115 billion in 2006 and $125 billion in 2005; it reported a GDP deflator of 85
in 2006 and a deflator of 100 in 2005. Between 2005 and 2006, a. real output and the price level both rose. b. real output rose and the price level fell. c. real output fell and the price level rose. d. real output and the price level both fell. ANS: B PTS: 1 DIF: 2 REF: 23-4 TOP: Real GDP | Price level MSC: Applicative 165. A country reported a nominal GDP of $85 billion in 2005 and $100 billion in 2004; it reported a GDP deflator of 100
in 2005 and 105 in 2004. Between 2004 and 2005, a. real output and the price level both rose. b. real output rose and the price level fell. c. real output fell and the price level rose. d. real output and the price level both fell. ANS: D PTS: 1 DIF: 2 REF: 23-4 TOP: Real GDP | Price level MSC: Applicative 166. Dave, a student who knits ski caps with tassels and sells them on the Quad, sells the same number of caps this year as
last year, but at 20 percent higher prices. Which of the following statements is correct? a. Dave must be better off than last year because his income is higher.
b. Dave cannot be better off than last year because he sold the same number of caps both years.
c. We do not have enough information to determine whether Dave is better off this year than last year. d. Dave is better off this year only if there was no inflation over the past year. ANS: C PTS: 1 DIF: 2 REF: 23-4 TOP: Prices MSC: Interpretive 167. A farmer produces the same output in 2004 as in 2003. His input prices increase by 50 percent, but so does his
product price. We can conclude that a. the farmer is better off in 2004. b. the farmer was better off in 2004.
c. the farmer is equally well off in 2004 as in 2003.
d. we cannot tell whether the farmer is better off in 2004 or in 2003 without additional information. ANS: D PTS: 1 DIF: 2 REF: 23-4 TOP: Prices MSC: Interpretive
1006 ? Chapter 23/Measuring a Nation's Income
168. Which of the following is a correct statement about the growth of real GDP in the U.S. economy?
a. Real GDP in 2004 was almost four times its 1965 level.
b. The output of goods and services grew on average about 3.2 percent per year between 1965 and 2004.
c. Continued growth in real GDP enables the typical American to enjoy greater economic prosperity than did his or
her parents and grandparents. d. All of the above are correct. ANS: D PTS: 1 DIF: 2 REF: 23-4 TOP: Real GDP | Economic growth MSC: Interpretive
169. Which of the following statements about the growth of real GDP in the U.S. economy is correct?
a. Real GDP grew on average about 4.5 percent per year between 1965 and 2004. b. The growth in real GDP measures the growth in the output of goods and services. c. The growth of real GDP has been steady over time. d. All of the above are correct. ANS: B PTS: 1 DIF: 2 REF: 23-4 TOP: Real GDP | Economic growth MSC: Interpretive
170. Recessions are associated with which of the following?
a. increased bankruptcies b. falling profits c. falling output
d. All of the above are correct. ANS: D PTS: 1 DIF: 1 REF: 23-4 TOP: Recessions MSC: Interpretive
171. A recession is a period during which
a. nominal GDP declines for about two consecutive quarters. b. nominal GDP declines for about four consecutive quarters. c. real GDP declines for about two consecutive quarters.
d. the GDP deflator declines for about four consecutive quarters. ANS: C PTS: 1 DIF: 2 REF: 23-4 TOP: Recessions MSC: Definitional
172. A recession is always associated with
a. declining real GDP.
b. slow but positive growth of real GDP. c. rising inflation. d. the end of a war. ANS: A PTS: 1 DIF: 1 TOP: Recessions MSC: Interpretive
REF: 23-4
173. GDP is used as the basic measure of a society's economic well-being. A better measure of the economic well-being of
individuals in society is a. GDP per person.
b. the consumption component of GDP. c. government expenditures per person. d. investment per business firm. ANS: A PTS: 1 DIF: 1 REF: 23-5
TOP: Gross domestic product | Economic welfare MSC: Interpretive
174. During a presidential campaign, the incumbent argues that he should be reelected because GDP grew by 12 percent
during his 4-year term in office. You know that population grew by 4 percent over the period, and that the GDP deflator increased by 6 percent during the past 4 years. You should conclude that real GDP per person a. grew by more than 12 percent. b. grew, but by less than 12 percent. c. was unchanged. d. decreased. ANS: B PTS: 1 DIF: 2 REF: 23-5 TOP: Real GDP MSC: Interpretive
Chapter 23/Measuring a Nation's Income ? 1007
175. The information below was reported by the World Bank. On the basis of this information, which list below contains
the correct ordering of GDP per person from highest to lowest?
Country Japan Switzerland United States
a. Japan, Switzerland, United States b. Japan, United States, Switzerland c. United States, Switzerland, Japan d. United States, Japan, Switzerland ANS: B PTS: 1 DIF: 1 REF: 23-5 TOP: Gross domestic product MSC: Interpretive
176. The information below was reported by the World Bank. On the basis of this information, which list below contains
the correct ordering of GDP per person from highest to lowest?
Nominal GDP in 2000 $4,800,000 million $240,000 million $9,800,000 million Population in 2000 127 million 7.2 million 280 million
Country Kenya Tanzania Zimbabwe
a. Kenya, Tanzania, Zimbabwe b. Kenya, Zimbabwe, Tanzania c. Zimbabwe, Kenya, Tanzania d. Zimbabwe, Tanzania, Kenya ANS: C PTS: 1 DIF: 2 REF: 23-5 TOP: Gross domestic product MSC: Interpretive
177. Many things that society values, such as good health, high-quality education, enjoyable recreation opportunities, and
desirable moral attributes of the population, are not measured as part of GDP. a. Therefore, GDP is not a useful measure of society's welfare.
b. GDP is still a useful measure of society's welfare because providing these other attributes is the responsibility of
government.
c. GDP is still a useful measure of society's welfare because it measures a nation's ability to purchase the inputs that
can be used to help produce the things that contribute to welfare.
d. GDP is still the best measure of society's welfare because these other values cannot actually be measured. ANS: C PTS: 1 DIF: 2 REF: 23-5
TOP: Gross domestic product | Economic welfare MSC: Interpretive
178. Suppose that twenty-five years ago a country had nominal GDP of $1,000, a GDP deflator of 200, and a population of
100. Today it has nominal GDP of $3,000, a GDP deflator of 400, and population of 150. What happened to the real GDP per person?
a. It more than doubled.
b. It increased, but it less than doubled. c. It was unchanged. d. It decreased. ANS: C PTS: 1 DIF: 2 REF: 23-5 TOP: Real GDP MSC: Applicative
179. Suppose that over the last twenty-five years a country's nominal GDP grew to three times its former size. In the
meantime, population grew by 40 percent and prices rose by 100 percent. What happened to real GDP per person? a. It more than doubled.
b. It increased, but it less than doubled. c. It was unchanged. d. It decreased. ANS: B PTS: 1 DIF: 2 REF: 23-5 TOP: Real GDP MSC: Applicative
Nominal GDP in 2000 $10,400 million $9,000 million $7,200 million Population in 2000 30.1 million 33.7 million 12.6 million