宏观经济学:现代观点(巴罗)Barro题库ch17.docVIP

宏观经济学:现代观点(巴罗)Barro题库ch17.doc

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PAGE 139 Barro Chapter 17 TRUE/FALSE 1. With an international sector real GNP is consumption plus gross investment plus government purchases plus net real asset income from abroad. ANS: T PTS: 1 DIF: 2 NAT: Analytic 2. The balance of trade is net exports or imports less exports. ANS: F PTS: 1 DIF: 1 NAT: Analytic 3. A higher current account deficit is caused by a declining domestic economy. ANS: F PTS: 1 DIF: 2 NAT: Analytic 4. The real current account balance is real national saving less net domestic investment. ANS: T PTS: 1 DIF: 2 NAT: Analytic 5. Tariffs and quotas lead to a higher real GDP growth rate in the country imposing them. ANS: F PTS: 1 DIF: 2 NAT: Analytic MULTIPLE CHOICE 1. The law of one price: a. prohibits price discrimination. c. is a tax on imports. b. is that markets work to ensure that the same good has the same price in all locations. d. prohibits price increases unless firms can show their are unusual circumstances. ANS: B PTS: 1 DIF: 2 NAT: Analytic 2. The difference between real GDP in a closed economy and real GNP in a open economy is: a. net real asset income from abroad. c. net international investment position. b. net imports. d. the trade balance. ANS: A PTS: 1 DIF: 2 NAT: Analytic 3. Real GNP in an open economy is: a. the closed economy real output less net real asset income from abroad. c. the closed economy real output less gross real asset income from abroad. b. the closed economy real output plus gross real asset income from abroad. d. the closed economy real output plus net real asset income from abroad. ANS: D PTS: 1 DIF: 2 NAT: Analytic 4. Net real asset income from abroad is: a. rt-1?Bft-1/P. c. (Bft - Bft-1)/P. b. Yt - (Ct +It +Gt ). d. ((Bft - Bft-1)/P) - (rt-1?Bft-1/P). ANS: A PTS: 1 DIF: 3 NAT: Analytic 5. Net real foreign investment is: a. rt-1?Bft-1/P. c. (Bft - Bft-1)/P. b. Yt - (Ct +It +Gt ). d. ((Bft - Bft-1)/P) - (rt-1?Bft-1/P). ANS: C PTS: 1 DIF: 3 NAT: Analytic 6. The trade balance is: a. r

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