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本帖最后由 一起学CFA 于 2016-1-25 13:30 编辑 # [, o! `* F8 x h4 Z' K$ r
, {9 r( k0 q: iCFA Level I:Economics - Aggregate output, price, and economic growth 精选题和学习要点
/ \) c. }/ b/ u5 b [; ALearning Outcome Statements (LOS)
) X5 p. v+ `' M! I+ Q3 Fa Calculate and explain gross domestic product (GDP) using expenditure and income approaches;
/ T4 d, D/ H n- p7 X* Ub Compare the sum-of-value-added and value-of –final-output methods of calculating GDP; ' C* T$ k; i6 K4 X
c Compare nominal and real GDP and calculate and interpret the GDP deflator; * X( z# p! _1 T4 g5 d' T. c" c) I
d Compare GDP, national income, personal income, and personal disposable income;
) ]& n% h+ g! c/ @( Ce Explain the fundamental relationship among saving, investment, the fiscal balance, and the trade balance;
, c( p1 G/ {" C( }4 _2 if Explain the IS and LM curves and how they combine to generate the aggregate demand curve;
! M# g* Q' S; rg Explain the aggregate supply curve in the short run and long run; # k2 V* B' h k2 ?% h+ R
h Explain the causes of movements along and shifts in aggregate demand and supply curves;
- i0 {8 F: |8 Y, A9 Si Describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle;
: J' N# y' m8 yj Explain how a short run macroeconomic equilibrium may occur at a level above or below full employment;
: D0 t* p/ b; O& \7 u5 Vk Analyze the effect of combined changes in aggregate supply and demand on the economy; ( z; }8 F5 p3 W* W! \ c0 N+ k6 ]6 \
l Describe the sources, measurement, and sustainability of economic growth;
' ?. |, x/ l: {0 r4 [7 Wm Describe the production function approach to analyzing the sources of economic growth;
! G( P! w0 n, [. Dn Distinguish between input growth and growth of total factor productivity as components of economic growth.
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) {# V( Y' m2 E7 S4 i6 I1. In regard to the aggregate demand curve and an increase in one of its associated factors, which of the following relationships is least accurate?% f# R; I( y2 t0 m8 T N' z; D
| | 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 currency9 Y1 M5 N6 ?8 [" D2 g! V( O5 T
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Answer:A5 W! p3 M: Y( `4 O
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2. A recessionary gap is more likely to be observed when:
8 q7 b4 p1 P$ C8 mA. Real GDP is above potential GDP 9 ?, d2 J3 q$ l4 a5 q
B. Real GDP is below potential GDP * t' q! [: E4 D
C. Employment is above full-employment equilibrium
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$ e. }) t/ d. T+ E1 E3. Regarding a company’s production function, both labor costs and capital costs are best described as:& U- w7 t, s7 u
A. fixed in the long run
% r0 `; E! m9 u. s' f+ gB. variable in the long run " a4 \) m# W, B3 V" x9 Y+ u0 M n& a) z
C. variable in the short run / a) a* @1 Z( Z: f3 ]7 N
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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:2 r- J5 p: Z a
| | 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* }# ]9 y; n; `: e
A. 106.2
: @# \6 p8 Y# j+ [1 k9 ~9 JB. 106.8 ( H X( o' q8 v& E+ ]
C. 113.4
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8 n1 l( |( R3 s" r5. In a sample economy with no foreign sector, the following equations apply:8 ]6 T5 F* ]" }! F/ U1 Z6 ]) Y
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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: & Q! _% `; D1 I( V
A. 1,000
& [& R, G7 [# l/ r: G$ KB. 1,163 5 x- y# O) a# G! M0 R& \% n: b
C. 7,143
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