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本帖最后由 一起学CFA 于 2016-1-25 13:30 编辑 6 e" ^, ^& O+ d- b! m3 Z9 Q+ r, f
! K1 Z% c+ i) rCFA Level I：Economics - Aggregate output, price, and economic growth 精选题和学习要点
6 z* d# G- R0 O, P& s, iLearning Outcome Statements (LOS)
r( G9 W4 G) [; l7 ga Calculate and explain gross domestic product (GDP) using expenditure and income approaches; # E f$ ]+ G7 ]5 K
b Compare the sum-of-value-added and value-of –final-output methods of calculating GDP; ( E2 U, |, E% {% W* D0 ?
c Compare nominal and real GDP and calculate and interpret the GDP deflator;
) {5 @5 |; i0 }' _' _3 vd Compare GDP, national income, personal income, and personal disposable income; 4 E5 ~1 V0 L7 n' |
e Explain the fundamental relationship among saving, investment, the fiscal balance, and the trade balance; * w v* G9 g/ K+ f* d
f Explain the IS and LM curves and how they combine to generate the aggregate demand curve; 8 ?* v* C' G* k% c
g Explain the aggregate supply curve in the short run and long run;
9 F3 F$ z+ e9 J; m! M1 a2 Ah Explain the causes of movements along and shifts in aggregate demand and supply curves; 5 o" T! G( p* J. Z
i Describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle;
: ~3 x! C( {$ N1 `5 O2 oj Explain how a short run macroeconomic equilibrium may occur at a level above or below full employment;
y3 }6 u. o5 ak Analyze the effect of combined changes in aggregate supply and demand on the economy; " s6 { G% t4 V/ e/ c3 q
l Describe the sources, measurement, and sustainability of economic growth;
# h1 d4 G8 G" L7 N3 l( ]0 Fm Describe the production function approach to analyzing the sources of economic growth;
3 B N/ e" U+ c+ p. E( q( q8 Gn Distinguish between input growth and growth of total factor productivity as components of economic growth.
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& s( W; Y V2 [4 z O6 u: S4 P1 E1. In regard to the aggregate demand curve and an increase in one of its associated factors, which of the following relationships is least accurate?9 H9 _, u3 l8 O) g: S
| | 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
- @% X. C4 n' L* Q/ s1 H登录回复后可见：答案和详解6 G3 M! `* J8 p: H' H4 p
Answer：A
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2. A recessionary gap is more likely to be observed when:
) z; q7 u/ H+ D4 q. E4 jA. Real GDP is above potential GDP
- Q2 G4 q+ F/ c# L) FB. Real GDP is below potential GDP 0 r* k( }' @7 b, |* k U& m i( b
C. 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:
: q7 R9 X; X. o# J% C7 NA. fixed in the long run% X$ m; d* }7 o, k0 O8 P' u( U% b
B. variable in the long run
: W1 a2 L7 Z4 B8 i5 n+ ~C. variable in the short run ) h* h) S/ [7 `
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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:: j. v" d1 T. S! V# C- r9 _
| | 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: 4 m) b/ h/ A8 Y; Y; e
A. 106.2 7 X% _' v2 [* ?+ I7 E M, n
B. 106.8
; n; p8 }1 m- F3 O, ]$ c5 E6 [C. 113.4 - ?* a/ _& W2 J% ~5 S5 v$ [
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# F% I. X9 n3 u+ x6 ~! H5. In a sample economy with no foreign sector, the following equations apply:& j2 Y/ r- I% C
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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:
/ d" f# T C$ z' K/ |9 mA. 1,000
$ @: S; O! t; s. Z2 WB. 1,163 0 e! n9 n% A) ^( J% E3 o! i
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
