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本帖最后由 一起学CFA 于 2016-1-25 13:30 编辑 4 ~. @' w( b9 F0 ]3 }8 d
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CFA Level I：Economics - Aggregate output, price, and economic growth 精选题和学习要点3 W& j( ~- r: y
Learning Outcome Statements (LOS) 7 ^0 b' P* a y" m8 T1 P
a Calculate and explain gross domestic product (GDP) using expenditure and income approaches;
. p, Y, n" ^1 ~0 I5 V; Xb Compare the sum-of-value-added and value-of –final-output methods of calculating GDP; , b4 O F( u8 Y( d5 \# T, Q
c Compare nominal and real GDP and calculate and interpret the GDP deflator;
8 a$ }) t$ T, x1 E4 Y; O" \4 O h2 Yd Compare GDP, national income, personal income, and personal disposable income; ; [$ o1 N5 T' x" c/ P8 A' B: |
e Explain the fundamental relationship among saving, investment, the fiscal balance, and the trade balance; ! H! }; p# p1 P+ Q8 i9 u
f Explain the IS and LM curves and how they combine to generate the aggregate demand curve; ' ?" H J6 d4 W4 W5 z) y
g Explain the aggregate supply curve in the short run and long run; ! a/ v* x, |% X) ]4 r! f/ B
h Explain the causes of movements along and shifts in aggregate demand and supply curves; 1 b0 W9 W. v/ ~& o0 T7 ]1 E
i Describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle;
- f5 j+ E% j% W0 z7 lj Explain how a short run macroeconomic equilibrium may occur at a level above or below full employment;
8 x, X" S4 J) E( U/ S4 Mk Analyze the effect of combined changes in aggregate supply and demand on the economy; " Q/ Q; H- @ Q2 t$ N
l Describe the sources, measurement, and sustainability of economic growth;
( C4 p- M/ x) p) ?( B2 k: H9 Pm Describe the production function approach to analyzing the sources of economic growth;
" z2 W/ |1 O) x" A; U$ C S" \; N: Zn Distinguish between input growth and growth of total factor productivity as components of economic growth.
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) v0 G1 G- p* o' g8 o6 L1. In regard to the aggregate demand curve and an increase in one of its associated factors, which of the following relationships is least accurate?
" T* A9 A1 C2 F7 M; |4 x) v% \' e| | 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
6 Q6 v' U3 F/ d7 J! o* G登录回复后可见：答案和详解
" f% m4 ]2 {/ B- d# R2 sAnswer：A
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: j6 |' u R& q3 y3 N- [2. A recessionary gap is more likely to be observed when:3 h1 _- m6 q- h% ?' V
A. Real GDP is above potential GDP
2 ^, ]9 M) Y6 ^# gB. Real GDP is below potential GDP
1 X1 P% d/ q. _& ~/ F6 PC. Employment is above full-employment equilibrium
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8 l' ]/ p% R* o; c0 \* x2 y0 |3. Regarding a company’s production function, both labor costs and capital costs are best described as:
- I: L+ U( X5 T9 Z4 u4 p/ y) ^A. fixed in the long run
+ s' E2 A+ i. {! `" CB. variable in the long run % m8 x, W- [& g- l0 o
C. variable in the short run + c) v2 z2 b' B4 L& F" U
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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:* @4 ~. s8 W0 }* Z, v7 |6 s+ @
| | 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: $ O5 j0 s& I2 D% }# T" Y+ `! ?
A. 106.2 $ M9 L' i% V: I, ]: ^/ L: B
B. 106.8 ; x# D7 ?; j+ k0 Q
C. 113.4 # {. {2 N0 F- O, O \1 i
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5. In a sample economy with no foreign sector, the following equations apply:+ Y j6 m4 i% c: i. ?- C
8 {# F4 n9 \. S4 i$ F| 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 W+ M8 {! W6 P \# s) jA. 1,000 % T- R3 [; |) V+ t5 ^% ]( b
B. 1,163
& T3 g& t! X6 I" Y5 i3 T- q" K; M9 n8 zC. 7,143
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发表于 2016-1-25 13:27:44
发表于 2019-5-20 11:23:15
