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本帖最后由 一起学CFA 于 2016-1-25 13:30 编辑 - {2 J' O$ H, U6 o
/ q! }& `6 L3 F: i, P% OCFA Level I：Economics - Aggregate output, price, and economic growth 精选题和学习要点6 U. J; f* a: x7 p
Learning Outcome Statements (LOS) # \' o% ?+ g S
a Calculate and explain gross domestic product (GDP) using expenditure and income approaches; ( X+ T" E9 S, @" r. Z
b Compare the sum-of-value-added and value-of –final-output methods of calculating GDP;
" d! y& V6 R1 Z x! U3 ~c Compare nominal and real GDP and calculate and interpret the GDP deflator;
q l- j- O1 [; Zd Compare GDP, national income, personal income, and personal disposable income; , D ~7 Z* r$ c
e Explain the fundamental relationship among saving, investment, the fiscal balance, and the trade balance; 1 K2 t3 M3 ]- t/ p ^# q" T
f Explain the IS and LM curves and how they combine to generate the aggregate demand curve; . N7 l2 r! H) C! c3 A
g Explain the aggregate supply curve in the short run and long run;
6 q. I! ]+ j( l5 \! x8 Q8 @; Kh Explain the causes of movements along and shifts in aggregate demand and supply curves;
$ y! W7 F, x8 e& t( n3 M, e+ ni Describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle; 1 c6 x: M S5 p/ {- i
j Explain how a short run macroeconomic equilibrium may occur at a level above or below full employment;
0 ~- Z+ O z0 l- e$ \1 S4 W0 Ok Analyze the effect of combined changes in aggregate supply and demand on the economy; 0 G5 O, V0 W5 M0 d
l Describe the sources, measurement, and sustainability of economic growth;
0 Y/ x7 p# g! Q' |m Describe the production function approach to analyzing the sources of economic growth;( U; e$ o* F1 I0 }- {( b' {; z& q
n Distinguish between input growth and growth of total factor productivity as components of economic growth.
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2 l' M( u9 G! W1. In regard to the aggregate demand curve and an increase in one of its associated factors, which of the following relationships is least accurate?' |) _" i1 w) b. U4 h2 f
| | 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
8 ]! {0 d' p. |! \1 e. [登录回复后可见：答案和详解
+ t' E/ w; y- z- w5 y7 Z( lAnswer：A9 S% Y X; b5 D
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2. A recessionary gap is more likely to be observed when:# @+ Z; \# Q m! z) s* c8 N
A. Real GDP is above potential GDP
$ q, u# A# p: v; Z' YB. Real GDP is below potential GDP
$ \1 @$ t& e; ~+ J# IC. Employment is above full-employment equilibrium- h" R6 ?/ Z+ N2 X( u2 a6 V
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" \3 O. p0 z R" A3. Regarding a company’s production function, both labor costs and capital costs are best described as:/ J6 _3 K# U7 Q* B0 i' |
A. fixed in the long run: O/ k% p" r9 [! i# b* Y8 R# B
B. variable in the long run 1 s0 f# K" p D- l; C
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:. f& I3 |& {' _
| | 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: % X+ h7 x" Q, y
A. 106.2
5 k# H+ q+ p4 d8 QB. 106.8 3 Z3 \$ m [& _( }: Z
C. 113.4 T/ E: M- b: n2 [( j
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5. In a sample economy with no foreign sector, the following equations apply:. C; q; Z( ~2 m
1 G, V4 ?3 ?$ e4 I9 f. U| 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: 9 X4 M; L( W, s) y0 `2 o
A. 1,000 : h. m# ~( F3 K. e& w
B. 1,163 9 @* U5 _! P: p4 f6 o; Z$ ~+ R
C. 7,143 $ Z/ k* `1 a9 n$ v! ]; E
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发表于 2016-1-25 13:27:44
发表于 2019-5-20 11:23:15
