宏观经济学期末考卷子.doc

Macroeconomics Final Test 2009 I. Multiple choice (1 points per each. In total 40 points) 紅色是答案 1) A car that is produced in 2004 is not sold until 2005. According to the definition of GDP, in which years GDP should it be counted? A) 2004 B) 2005 C) both years D) 2004 real GDP; 2005 nominal GDP 2) Which of the following transactions would be included in the official calculation of GDP? A) A student buys a used text book at the bookstore. B) Firestone sells $2 million worth of tires to General Motors. C) You wash and wax your fathers car as a favor to him. D) You buy a new iPod. E) You illegally download music off the Internet to put on your new iPod. 3) Which of the following accurately describes an effect of the hurricane Katrina on U.S. GDP? A) GDP would decrease reflecting the costs of cleanup. B) GDP would increase reflecting the costs of cleanup. C) GDP would increase reflecting the decrease in production that occurred during the storm and the productive capacity lost in the storm. D) GDP would increase well being. 4) A full time student who is not working is categorized as A) unemployed. B) employed. C) not in the labor force. D) a discouraged worker. E) frictionally unemployed. 5) The labor force participation rate is defined as A) the percentage of the working-age population that is employed. B) the percentage of the working-age population that is unemployed. C) the percentage of the labor force that is employed. D) the percentage of the labor force that is unemployed. E) the percentage of the working-age population in the labor force. 6) ________ are financial securities that represent promises to repay a fixed amount of funds. A) Stocks B) Bonds C) Savings accounts D) Certificates of deposit 7) Endogenous growth theory A) states that the rate of technological change is determined outside the working of