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本帖最后由 一起学CFA 于 2016-1-25 13:30 编辑 1 e, M& M6 ~ q" \
- L4 P1 \/ u* G) F9 b: m" ?CFA Level I：Economics - Aggregate output, price, and economic growth 精选题和学习要点
) Y# ^3 a# O- T( i3 ~Learning Outcome Statements (LOS) - n# ]8 k$ ?* b* h: h. u9 c, W
a Calculate and explain gross domestic product (GDP) using expenditure and income approaches;
) c8 W6 Z0 }4 c1 V5 {" B% ^" R4 Lb Compare the sum-of-value-added and value-of –final-output methods of calculating GDP;
# l" E4 T; {$ B/ c9 hc Compare nominal and real GDP and calculate and interpret the GDP deflator; 3 X" B' I% z: X0 S9 ?
d Compare GDP, national income, personal income, and personal disposable income; ) r+ W% y5 I% G
e Explain the fundamental relationship among saving, investment, the fiscal balance, and the trade balance;
1 [! R4 }5 `$ f& k: m h4 n; tf Explain the IS and LM curves and how they combine to generate the aggregate demand curve; 9 F- |9 o6 f% G$ Z. q1 b( R- V
g Explain the aggregate supply curve in the short run and long run; E$ Z Q+ p% x+ G
h Explain the causes of movements along and shifts in aggregate demand and supply curves; ( c: N8 L* L! |. ^$ c+ p+ l, Z
i Describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle; ) i. w0 A1 q9 o1 g3 X) S9 F4 z) @
j Explain how a short run macroeconomic equilibrium may occur at a level above or below full employment;
! z2 S" @" Q' \7 O9 Uk Analyze the effect of combined changes in aggregate supply and demand on the economy; # O5 x$ W7 P: t7 B7 W
l Describe the sources, measurement, and sustainability of economic growth;
2 ^' I) K- T! [4 H2 tm Describe the production function approach to analyzing the sources of economic growth;" @3 w5 Q- y5 m/ Y
n Distinguish between input growth and growth of total factor productivity as components of economic growth.
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* Q$ K2 W r9 Z7 b% k$ t1. In regard to the aggregate demand curve and an increase in one of its associated factors, which of the following relationships is least accurate?
# v1 y; G' P4 d0 H# F5 u0 m7 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 currency8 h: D' W2 ]* L# d0 [
登录回复后可见：答案和详解) `; P) z% g0 g+ A9 M7 g
Answer：A* M/ G/ {0 _; v# s% z0 h: V
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2. A recessionary gap is more likely to be observed when:
3 i" @/ e6 N) X) Z Q; KA. Real GDP is above potential GDP % ?% G+ O. e9 a( V( W5 w! W
B. Real GDP is below potential GDP / x) h% w# i! S) H7 w) Z' T
C. Employment is above full-employment equilibrium! R: Z* @9 k% h( S
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- Z' c4 l z T& A1 @- d0 [3. Regarding a company’s production function, both labor costs and capital costs are best described as:7 b* J6 l6 \- A4 ]
A. fixed in the long run
% m1 N7 I0 e2 e! m- e! rB. variable in the long run
% N: Q& c) Z+ C& e/ A' ?2 N7 O$ mC. variable in the short run
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' A9 `* a* @; |4 @. H* ^4. The total output in units and average selling prices in a hypothetical economy producing only two products, X and Y, is provided below:1 T2 O# g) J) D& d4 c5 j; F
| | 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 q/ [' D# j- N# h0 z$ j# D+ b
A. 106.2
$ ~1 y# x) _+ H+ X. k' iB. 106.8
" @. q$ ^5 i7 [8 `2 I; l; R) NC. 113.4
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5. In a sample economy with no foreign sector, the following equations apply:7 n, [7 G( p7 T
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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: ; A" A) \6 S8 F& w; G2 O
A. 1,000
4 B9 V* y1 k4 M' z3 I2 hB. 1,163 5 f) @$ O0 {& c5 _
C. 7,143
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发表于 2016-1-25 13:27:44
发表于 2019-5-20 11:23:15
