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本帖最后由 一起学CFA 于 2016-1-25 13:30 编辑 % ~: G/ J0 b/ B/ R
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CFA Level I:Economics - Aggregate output, price, and economic growth 精选题和学习要点
, ^3 R/ n' g! Y$ GLearning Outcome Statements (LOS)
+ C& n& X2 @( O# w) `; `' }' b% }a Calculate and explain gross domestic product (GDP) using expenditure and income approaches; - J0 m0 A! S x8 R5 X- ] X/ h
b Compare the sum-of-value-added and value-of –final-output methods of calculating GDP; 1 G5 P+ ]6 S0 O& a% Q, g
c Compare nominal and real GDP and calculate and interpret the GDP deflator; * K3 ~- Y- R4 x1 |# S8 _% G
d Compare GDP, national income, personal income, and personal disposable income; 3 `, F0 q0 }/ \8 r
e Explain the fundamental relationship among saving, investment, the fiscal balance, and the trade balance; * y; ~$ Q3 a$ Z: K$ D! s
f Explain the IS and LM curves and how they combine to generate the aggregate demand curve;
! @, h5 m1 j* `. og Explain the aggregate supply curve in the short run and long run;
4 W' B3 w4 X3 c% F3 d4 ph Explain the causes of movements along and shifts in aggregate demand and supply curves; 6 w* x# n. k, V8 V! ?
i Describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle; 5 i: O5 k& y O7 D8 n9 Z
j Explain how a short run macroeconomic equilibrium may occur at a level above or below full employment; $ @* a% i0 n$ R. G, g
k Analyze the effect of combined changes in aggregate supply and demand on the economy; : W* t+ n- {% ]! m9 n( ^8 ]. `
l Describe the sources, measurement, and sustainability of economic growth; ; E3 A* }0 N h% _, b0 w
m Describe the production function approach to analyzing the sources of economic growth;
4 L+ v$ f9 @: j& ^n Distinguish between input growth and growth of total factor productivity as components of economic growth.4 Z1 A- T, L0 R+ d
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1. In regard to the aggregate demand curve and an increase in one of its associated factors, which of the following relationships is least accurate?7 Z) ]; a; \( Y& N$ D' L8 `
| | 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% H" J) x' G- `4 M+ I. }) k V
登录回复后可见:答案和详解
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* V) ]6 E9 x+ a9 t& S1 Y/ s2. A recessionary gap is more likely to be observed when:: [" [9 G) S. v$ `
A. Real GDP is above potential GDP 1 D- X+ Z$ c3 L" ]' J, Y- U% H6 J
B. Real GDP is below potential GDP
. ^- p+ F5 G3 r/ NC. Employment is above full-employment equilibrium% k- C4 h, Q. f# i& R* l0 ?4 [2 G
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3. Regarding a company’s production function, both labor costs and capital costs are best described as:: \$ t% M1 \8 w. L. Y$ B
A. fixed in the long run
! d$ v' ?( C0 u; F5 f" i" CB. variable in the long run 6 `7 J0 N, r$ h2 M. R
C. variable in the short run
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4. The total output in units and average selling prices in a hypothetical economy producing only two products, X and Y, is provided below:, L1 ?/ k" h) h1 m
| | 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: 5 _. j' _( M1 R! h% |5 }" N1 I% l
A. 106.2
* H$ X) b( E r. |! e' ~: \: ]B. 106.8
) |8 {9 Y. n8 _$ f" Q @( Y# Z' \C. 113.4
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5. In a sample economy with no foreign sector, the following equations apply:2 f k! o! y" X6 [0 Q' _
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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: 6 s" E. v" f. }/ h' _1 l# ^
A. 1,000 8 e4 t' i) q/ Q; d9 L
B. 1,163
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