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本帖最后由 一起学CFA 于 2016-1-25 13:30 编辑 & n/ ~9 Y% u+ h3 C" C
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CFA Level I：Economics - Aggregate output, price, and economic growth 精选题和学习要点* G" S& H, b! j9 G! b! z
Learning Outcome Statements (LOS)
+ p3 i1 u: W" ta Calculate and explain gross domestic product (GDP) using expenditure and income approaches;
6 v0 [" k) j6 f* X' mb Compare the sum-of-value-added and value-of –final-output methods of calculating GDP; ( U8 m# ]' k9 c( m2 l
c Compare nominal and real GDP and calculate and interpret the GDP deflator;
6 o. `+ ?+ a4 q% J5 z7 }d Compare GDP, national income, personal income, and personal disposable income; + k& T% |3 o) L0 d$ v
e Explain the fundamental relationship among saving, investment, the fiscal balance, and the trade balance;
( d4 W: @% Q* V/ p! \4 lf Explain the IS and LM curves and how they combine to generate the aggregate demand curve; * _" ~7 ~! P2 ]
g Explain the aggregate supply curve in the short run and long run; / m* G! N# ]; l' R! g
h Explain the causes of movements along and shifts in aggregate demand and supply curves;
" I8 I4 o. F5 d! J- Z* W' i) ~, ii Describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle;
# f4 Y7 V- m: ?/ L& F: E% pj Explain how a short run macroeconomic equilibrium may occur at a level above or below full employment;
" _5 L8 S7 S! m3 R; x- T' nk Analyze the effect of combined changes in aggregate supply and demand on the economy; # k S6 V% `. s, B, g
l Describe the sources, measurement, and sustainability of economic growth;
5 |. g4 z* W5 y0 h+ S$ X6 Mm Describe the production function approach to analyzing the sources of economic growth;
2 {% v- R2 {5 H4 m) Bn Distinguish between input growth and growth of total factor productivity as components of economic growth.
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& ]$ R2 @& E9 }8 Z V* {1. In regard to the aggregate demand curve and an increase in one of its associated factors, which of the following relationships is least accurate?
6 [/ L# \& u h| | 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
4 D3 i% l& }* \5 b登录回复后可见：答案和详解
& Y. T- H' x) A+ ]' DAnswer：A9 p9 X0 U3 g* }# q, x
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, m: }' H" ^2 o2 ^: X* C( M7 w2. A recessionary gap is more likely to be observed when:3 S* `2 K& T1 t7 a! {/ R, N9 K8 f
A. Real GDP is above potential GDP 0 W G) {2 _1 Y
B. Real GDP is below potential GDP . r4 X6 \+ U& J5 p2 c8 ~
C. Employment is above full-employment equilibrium% ]. L* {, H8 T* D
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0 g0 j6 n# X' W/ N8 R3. Regarding a company’s production function, both labor costs and capital costs are best described as:3 C7 s% ?$ d+ F7 \2 H# ^! I' n
A. fixed in the long run
* @, ^+ a' l0 @% C/ Q. x# Q1 C: AB. variable in the long run . L6 @$ D: I* b+ \4 a
C. variable in the short run
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# I1 r! E1 Y& U& v, V9 K4. The total output in units and average selling prices in a hypothetical economy producing only two products, X and Y, is provided below:
. e+ O# `7 v* p2 Z| | 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:
, u, a+ n. N3 ^2 B5 c: f" H& WA. 106.2
9 B7 q( p8 Y; w. W: w1 ~" R' _B. 106.8
( x9 f- O8 `' v8 i$ ZC. 113.4
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$ m6 l. T! x" U: _8 U- d- Z6 P. G- g5. In a sample economy with no foreign sector, the following equations apply:, g$ p# W" ~: M2 G& d
5 r) p, A4 V. b+ C| 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:
6 X% v# g! A; V6 RA. 1,000 5 H3 f u& O$ z' l, _
B. 1,163 ( C. y, ?& m' Q
C. 7,143 2 D6 i8 a" x8 P0 L
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发表于 2016-1-25 13:27:44
发表于 2019-5-20 11:23:15
