|
|
本帖最后由 一起学CFA 于 2016-1-25 13:30 编辑 . L# {1 n* f4 T4 c5 u# f6 m
8 L5 R2 @; ` x: ]CFA Level I:Economics - Aggregate output, price, and economic growth 精选题和学习要点
3 C' r& w4 e8 J3 {- R2 }Learning Outcome Statements (LOS) 8 D9 @! T. E- g7 _4 E/ G4 R- c+ ~' F
a Calculate and explain gross domestic product (GDP) using expenditure and income approaches;
0 t2 O* |. @$ Z; n4 ob Compare the sum-of-value-added and value-of –final-output methods of calculating GDP; ; J! T+ Y, I+ d9 ~) S1 O
c Compare nominal and real GDP and calculate and interpret the GDP deflator;
2 S+ w' J \' U3 Y. v9 Zd Compare GDP, national income, personal income, and personal disposable income; : i$ R* i3 p, O: c
e Explain the fundamental relationship among saving, investment, the fiscal balance, and the trade balance; 9 s2 s7 z( L7 w
f Explain the IS and LM curves and how they combine to generate the aggregate demand curve;
@% w- N1 X: |( x; q" [g Explain the aggregate supply curve in the short run and long run;
% L/ H! a( D+ ^6 n8 ]$ fh Explain the causes of movements along and shifts in aggregate demand and supply curves; 1 u0 {' s* h9 f7 [
i Describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle; - D& x& `" x7 v
j Explain how a short run macroeconomic equilibrium may occur at a level above or below full employment; % b- i& r6 }- [7 b9 Y
k Analyze the effect of combined changes in aggregate supply and demand on the economy; 3 [1 |8 ]0 t% Y7 V/ E* V. W
l Describe the sources, measurement, and sustainability of economic growth; ; E; c2 X6 d3 P( A" r5 P) F8 h, V
m Describe the production function approach to analyzing the sources of economic growth;
3 W8 f/ A4 u( _* }: m9 vn Distinguish between input growth and growth of total factor productivity as components of economic growth.
" w& c1 c8 @* M0 ?3 y, ?
5 B4 r" g5 u& G1. In regard to the aggregate demand curve and an increase in one of its associated factors, which of the following relationships is least accurate?
; t3 s& {4 Q( |' ^| | 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
/ f6 S* u* {: V& ^登录回复后可见:答案和详解
" R9 Y) m, O+ P9 `% K# uAnswer:A
, u, y) p5 ?5 |! q7 C& P; k
! Y2 d% l% p Z3 X" k$ s. A* Q! z5 {( y
2. A recessionary gap is more likely to be observed when:
$ A3 N7 r1 X* W5 b% }5 }A. Real GDP is above potential GDP + U/ [$ G4 J5 x: y
B. Real GDP is below potential GDP + n. \/ R, C( }1 b$ l
C. Employment is above full-employment equilibrium* |% A& K2 p) z" o5 J6 b; C+ @
4 c* Y4 x3 g! c8 a. ~' N5 C: ^! L; m; C) L( t0 E# Q
3. Regarding a company’s production function, both labor costs and capital costs are best described as:6 c8 ^ h4 U3 h, e
A. fixed in the long run
. @! I. N5 S+ e# R' tB. variable in the long run
) x0 q) I0 p/ K, OC. variable in the short run
N7 V: }8 F' i9 P5 x) J: b9 o. z- s7 C, b) Y% |0 y
( e; i) F7 w( n4. The total output in units and average selling prices in a hypothetical economy producing only two products, X and Y, is provided below:0 w8 ~9 m/ `- a4 H* h! R3 v
| | 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:
2 k/ T5 }+ I% T7 m# Q1 U9 dA. 106.2 ( F7 E$ h' v$ F+ ]5 O3 I
B. 106.8 : R4 k" l/ ?+ w8 L
C. 113.4 1 {1 W/ C* v0 p. Y. d& Z* T
% s! R: w4 v2 p- m# I/ u
1 G3 I6 V" |- h7 d- `
* H# @: F% N" {; c- q" y' x. z5. In a sample economy with no foreign sector, the following equations apply:) {9 a J* T6 O
' P2 d8 w- ]+ U* [" Z& B2 r
| 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: " T6 E1 U1 K( Q4 c3 n. H
A. 1,000 ; `" M5 ? d0 y$ U J
B. 1,163 6 x( C4 @! ~/ ^& c: ]7 ?
C. 7,143 7 Q9 v, ], m7 P* G( i; C H& {
; M1 _: j( W$ p+ W W* t1 S9 w# J1 f
更多CFA习题可关注:高顿CFA题库.8 G8 }! P2 [: r' z6 U, f! K
关注微信 这里是华尔街(ID:CFA-online),每天读点金融,离梦想近一点!& Y& u( P5 x8 s( {8 |; g+ g( @
$ \) A8 P- A# D( e+ W
|
|