中山大学岭南学院宏观经济学考试题.doc

08级岭院经原宏观部分期末试题A卷 Multiple-choice questions (30%) The goals of macroec onomic policy in elude: high employment low unemployment stable prices growing real GDP all of the above Suppose that in a particular year; nominal GDP is less than real GDP. This implies that: inflation is low inflation is high the year in question prior to the base year the year in question after the base year the answer cannot be determined from the information given The two approaches that econo mists use to measure GDP are: the goods flow and in vest me nt flow current surveys and historical data the product flow and spending flow household tax returns and corporate tax returns the product flow and the earnings flow What must be done to equalize the flow-of-product and the earnings or cost approaches? Intermediate goods must be subtracted from the flow-of-product sum Profits must be considered a residual cost Imputed rents must be excluded The dollar value of services produced mustbe in eluded in the flow-of-product Tran sfer payme nts by the governme nt must be in eluded in the flow-o 仁 cost approach The MPC is the ratio of Extra consumption to extra income Extra consumption to extra saving Extra consumption to total income Total con sumpti on to total in come Break-even consumption to break-even income Which of the following is not considered a category of investment? Stock and bond purchases. Purchases of plant and equipment Purchases adding to inventories Residential housing construction None of above Which of the following best describes the money-supply effect? As prices rise,tight money leads to a decrease in total real spending As the Fed injects more money into the economy, prices increase Tight money causes recessions The greater the money supply, the greater the growth of the economy None of the above On the basis of the Keynesian model of output determination, equilibrium gross domestic product is described by all but which one of the following? In tersection of SS schedule with