宏观经济学期中考试试题.docxVIP

2011年春宏观经济学公选课期中考试试题注：本次考试全部为单项选择题，请将答案写在一张16开纸上。请于第9周（2011年4月26日）晚上课时将答案交给我。1. In order to include many different products in a summary or aggregate measure, GDPa. uses a combination of weights and measures.b. uses a combination of price indexes and costs of production of the products.c. uses only the cost of production of the products.d. uses market prices.2. Chris lives in Utah, where gambling is illegal. Chris becomes a professional gambler, going to work each week in Idaho, where gambling is legal. In 2001, he earns $100,000 from his profession. What will be the effect of his earnings on GDP?a. None of his earnings will be included in GDP because gambling is illegal in his home state.b. Only the part of his earnings spent in Idaho will be included in GDP.c. GDP will increase by $100,000 because the income was earned legally.d. GDP will increase by a fraction of $100,000, equal to the fraction of the time Chris spends in Idaho.3. Latrell decides to hire Cynthia to mow his lawn, instead of mowing it himself, as he is accustomed to doing. As a result of this transaction,a. GDP will increase.b. GDP will decrease.c. GDP will be unaffected because the same service would be performed in either case.d. GDP could increase or decrease, depending on whether Cynthia mows Latrells lawn as well as Latrell could mow it himself.4. Suppose you find out that the GDP of China is $1,000 billion and the GDP of the United States is $10,000 billion. You should conclude thata. the typical person in the United States is 10 times as well off as the typical person in China.b. the typical person in the United States is more than 10 times as well off as the typical person in China.c. the typical person in the United States is less than 10 times as well off as the typical person in China.d. it is not possible to make a good comparison of the economic well-being of typical individuals in the two countries without additional information.5. The Necco candy factory in Cambridge, Massachusetts,