CFA Level I：Economics 精选题（21 - 25）

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CFA Level I：Economics - Aggregate output, price, and economic growth 精选题和学习要点
Learning Outcome Statements (LOS)
a     Calculate and explain gross domestic product (GDP) using expenditure and income approaches;
b     Compare the sum-of-value-added and value-of –final-output methods of calculating GDP;
c     Compare nominal and real GDP and calculate and interpret the GDP deflator;
4 m) J! @" @# A* R, nd    Compare GDP, national income, personal income, and personal disposable income;  
e     Explain the fundamental relationship among saving, investment, the fiscal balance, and the trade balance;   
) A9 b  O& n' s6 a$ A0 c& C& Ef      Explain the IS and LM curves and how they combine to generate the aggregate demand curve;
g     Explain the aggregate supply curve in the short run and long run;
  ~2 ~4 N6 p8 Yh     Explain the causes of movements along and shifts in aggregate demand and supply curves;
i      Describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle;
j      Explain how a short run macroeconomic equilibrium may occur at a level above or below full employment;
- i# o4 f$ y) F( Z9 e3 uk      Analyze the effect of combined changes in aggregate supply and demand on the economy;
; D: t# n  G+ s5 O. ^+ f0 kl      Describe the sources, measurement, and sustainability of economic growth;
% c# u0 C. t  Mm    Describe the production function approach to analyzing the sources of economic growth;
: e3 m$ D  N! c6 T& e6 j# Jn     Distinguish between input growth and growth of total factor productivity as components of economic growth.

2 L/ b7 t3 w! A8 e8 x/ @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?
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	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
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Answer：A

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' u  g% l0 }4 h- K' {5 d2. A recessionary gap is more likely to be observed when:
A. Real GDP is above potential GDP
. a/ V( C$ s& qB. Real GDP is below potential GDP
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:
4 I& [: x1 e. C4 k  c$ G) gA. fixed in the long run
B. variable in the long run
4 M8 b4 I/ Q$ d4 CC. variable in the short run
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0 q1 [6 Q% ~; s8 S  C2 @4. The total output in units and average selling prices in a hypothetical economy producing only two products, X and Y, is provided below:
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	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:
A. 106.2
$ e% N% @: r/ }) UB. 106.8
" `3 P6 @$ y2 |9 d, ]& LC. 113.4
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5. In a sample economy with no foreign sector, the following equations apply:
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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:
A. 1,000
B. 1,163
  Q/ |3 a( a9 ]( k& K  eC. 7,143
  T, ^5 @# Y% I+ u! c0 X1 Z3 ?

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。。。。。。。。。

浮根shd

谢谢，共同进步

JasonHuang

谢谢楼主分享好的题目和答案

sst201840819131

不管对方南非的童年

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