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本帖最后由 一起学CFA 于 2016-1-25 13:30 编辑 / E- {" [! J M0 k9 ]6 L" ^
/ K; u& n" P3 I& D2 y) \CFA Level I:Economics - Aggregate output, price, and economic growth 精选题和学习要点4 h" H0 }% F% ?9 x5 I4 V
Learning Outcome Statements (LOS) / \: @' H% o2 j& T8 n, N3 a( Q
a Calculate and explain gross domestic product (GDP) using expenditure and income approaches;
3 z+ w* Z# h4 i$ I; x, Rb Compare the sum-of-value-added and value-of –final-output methods of calculating GDP;
- Z' f( [- N7 `& ]0 ac Compare nominal and real GDP and calculate and interpret the GDP deflator; 0 U" f0 C9 J3 X$ i
d Compare GDP, national income, personal income, and personal disposable income; - ?/ L9 a4 y8 R& M- k4 W1 w; S
e Explain the fundamental relationship among saving, investment, the fiscal balance, and the trade balance; . l- r+ |' N1 B2 a. Z& R
f Explain the IS and LM curves and how they combine to generate the aggregate demand curve; / z0 E& Q: O) ~, I7 ]2 L
g Explain the aggregate supply curve in the short run and long run;
: p' |- u5 u, x6 s: M5 |/ T2 _h Explain the causes of movements along and shifts in aggregate demand and supply curves; z' ?4 H0 X+ H
i Describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle;
0 o2 V7 p( b& x$ x& }; jj Explain how a short run macroeconomic equilibrium may occur at a level above or below full employment; L9 q" r9 V: c3 q% m
k Analyze the effect of combined changes in aggregate supply and demand on the economy; 8 u9 w. ^; X: O, d& x9 C! g
l Describe the sources, measurement, and sustainability of economic growth;
& t8 A3 a! k2 Zm Describe the production function approach to analyzing the sources of economic growth; U: t v7 i, X* F6 |; v
n Distinguish between input growth and growth of total factor productivity as components of economic growth. S, s! p# h2 n6 ^% ~
& z: m* a/ b9 i( j1. In regard to the aggregate demand curve and an increase in one of its associated factors, which of the following relationships is least accurate?
3 s; B& q; l& c* @, W: g+ U| | Increase in factor | Shifts the AD curve | Reason | | A | Stock prices | Rightward | Lower investment | | B | Consumer confidence | Rightward | Higher consumption | | C | Exchange rate* | Leftward | Lower exports and higher imports | *Exchange rate is foreign currency per unit of domestic currency
_* o3 ?3 e4 |$ d6 r登录回复后可见:答案和详解
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2. A recessionary gap is more likely to be observed when:. N* s* U) M' n2 @, }
A. Real GDP is above potential GDP
; ?0 p1 x }7 z* [, v3 {2 KB. Real GDP is below potential GDP
3 O, I3 `8 Y7 lC. Employment is above full-employment equilibrium. n# \) L1 u" R
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1 y" r# A3 m6 v z8 C3. Regarding a company’s production function, both labor costs and capital costs are best described as:
; P+ h# \! F, d& Z. P2 tA. fixed in the long run
) v. Q4 B" t LB. variable in the long run 3 R; a( x7 o- {2 ]
C. variable in the short run . v6 B& X9 e& _! m& P
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, p! Y% A4 F% \1 d4. The total output in units and average selling prices in a hypothetical economy producing only two products, X and Y, is provided below:
- E* n. K# r6 o9 z* Q H! y7 s8 I+ ]| | Product X | | Product Y | | Year | Output (units) | Selling Price/unit | Output (units) | Selling Price/unit | | 2010 | 2,800 | 9 | 2,000 | 47 | | 2011 | 3,000 | 11 | 1,800 | 52 | If the implicit price deflator for GDP in 2010 was 100, for 2011 it is closest to: 0 f" ~2 [0 v$ S* {; u P6 S
A. 106.2
5 P& h7 B4 v8 z# Y% [& QB. 106.8 9 Q3 D% ^8 y4 E. P* G* S" b
C. 113.4
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5. In a sample economy with no foreign sector, the following equations apply:: {4 e( q; v9 O. H q0 S/ x' z
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| Consumption function | C=2,500+0.80(Y-T) | | Investment function | I=500+0.30Y-25r | | Government spending | G=1,000 | | Tax function | T=-250+0.30Y | | Y:Aggregate income | r : Real interest rate | If the real interest rate is 3% and government spending increases to 2,000, the increase in aggregate income will be closest to:
7 R0 Q, ~/ W7 e/ T4 ]7 N' ]# iA. 1,000
$ A3 T% K$ Q. ^B. 1,163
, | x( c/ F/ _C. 7,143 1 ^. ]! n' g* e* [8 [" }
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