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本帖最后由 一起学CFA 于 2016-1-25 13:30 编辑 2 k1 E2 A2 A, r( P
+ e% R8 A6 P4 H% b2 i3 J' xCFA Level I：Economics - Aggregate output, price, and economic growth 精选题和学习要点
' ~1 u" a- |$ I8 {$ eLearning Outcome Statements (LOS) # \; F# E6 `9 H
a Calculate and explain gross domestic product (GDP) using expenditure and income approaches;
5 ^, ~6 w- p* u v5 M7 L Lb Compare the sum-of-value-added and value-of –final-output methods of calculating GDP;
; U, Z3 f- m; N, \$ @, h$ jc Compare nominal and real GDP and calculate and interpret the GDP deflator;
# t1 |$ G# @+ {4 Ud Compare GDP, national income, personal income, and personal disposable income; & S" ^" e! b2 B9 n! G1 x
e Explain the fundamental relationship among saving, investment, the fiscal balance, and the trade balance;
. |+ z* ~1 o. h) g" [f Explain the IS and LM curves and how they combine to generate the aggregate demand curve;
) Y) Y1 L6 _( f7 Y% S/ q2 E- Xg Explain the aggregate supply curve in the short run and long run; " a* V9 a% U: ?/ y# C4 m t
h Explain the causes of movements along and shifts in aggregate demand and supply curves;
( J K, f, v3 t3 ?% Ji Describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle;
$ u; r7 A- w) n" V6 O, M0 wj Explain how a short run macroeconomic equilibrium may occur at a level above or below full employment;
9 z9 ^+ p2 t0 X* n. }+ }1 ~! @$ ]k Analyze the effect of combined changes in aggregate supply and demand on the economy; 4 g+ l. C$ M' h' H2 _/ X
l Describe the sources, measurement, and sustainability of economic growth; ) c& T6 w+ w" P. k
m Describe the production function approach to analyzing the sources of economic growth;2 e5 n, { e/ F! Z0 R
n Distinguish between input growth and growth of total factor productivity as components of economic growth.# M6 s4 Q4 X" Z7 W% L Q9 e5 o/ E7 b
! J3 Y4 t% U7 X) Q; L& o1. 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, B. [' E, {( ?( q) v
| | 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
e! o6 j8 v( l登录回复后可见：答案和详解
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2. A recessionary gap is more likely to be observed when:
+ {# p& o" v. b' M* _" u) W5 \A. Real GDP is above potential GDP O2 @' Z) `* v" x3 z3 P+ u$ C
B. Real GDP is below potential GDP
) Y' Q; K* }8 P7 O1 w5 ?) HC. Employment is above full-employment equilibrium
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3. Regarding a company’s production function, both labor costs and capital costs are best described as:1 n0 d& u n: F1 v! E
A. fixed in the long run
+ C; h, p2 |4 C9 d4 m+ U% jB. variable in the long run : q, w7 Y# K! O6 R4 J* {, i
C. variable in the short run & d% Q, `8 I$ t: z: V1 S) e
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3 a7 B# ~( q' I! n4. The total output in units and average selling prices in a hypothetical economy producing only two products, X and Y, is provided below:( K) W! F" t5 I" c2 k2 h
| | 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:
* ~6 _# b2 N& {/ ]) f5 t) ~A. 106.2 0 H* l; a' A: y$ y" P$ j
B. 106.8
' ~/ N `& ~; sC. 113.4
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5. In a sample economy with no foreign sector, the following equations apply:
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& l% {0 u# X! c7 d| 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: $ t7 h3 r+ s! l5 |: h9 O& r
A. 1,000 0 `- z% t) `, Z
B. 1,163 # ^! Q; g8 K& T6 g Y3 B! l7 `; U5 g
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
