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本帖最后由 一起学CFA 于 2016-1-25 13:30 编辑 ! T# ^9 G) D9 S+ U( ?7 Q
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CFA Level I：Economics - Aggregate output, price, and economic growth 精选题和学习要点
: u" y* q- e1 ~: J- w- l+ R5 aLearning Outcome Statements (LOS) # A% j1 H1 n! b7 M' E
a Calculate and explain gross domestic product (GDP) using expenditure and income approaches;
/ {; }, [. |+ S" L3 s1 x$ Yb Compare the sum-of-value-added and value-of –final-output methods of calculating GDP;
' g' e4 H6 ~4 bc Compare nominal and real GDP and calculate and interpret the GDP deflator; / ~! u- P. B* `* v
d Compare GDP, national income, personal income, and personal disposable income; ! [. j1 y% E6 z; Z
e Explain the fundamental relationship among saving, investment, the fiscal balance, and the trade balance; # u0 f4 W7 r: P- F. p
f Explain the IS and LM curves and how they combine to generate the aggregate demand curve; 0 L0 E2 i7 Q- m; |6 W+ |
g Explain the aggregate supply curve in the short run and long run;
- F f& v7 v. j3 Q5 d1 `0 `. Zh Explain the causes of movements along and shifts in aggregate demand and supply curves; 3 s- w& q7 M: B! {
i Describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle;
* M0 |# u" H) F4 A, I) w$ F$ tj Explain how a short run macroeconomic equilibrium may occur at a level above or below full employment; 5 e* g8 k% x6 {
k Analyze the effect of combined changes in aggregate supply and demand on the economy;
" B4 U+ N/ ^& h$ a- G% ]l Describe the sources, measurement, and sustainability of economic growth;
- x) L6 h8 Q) a. s% f" Cm Describe the production function approach to analyzing the sources of economic growth;
4 x5 I* Z& l6 Q$ B# C7 q Kn Distinguish between input growth and growth of total factor productivity as components of economic growth.2 z2 o2 o a/ K1 Y$ E
7 e7 {- @0 x6 q! W) `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?
/ J; D; S/ U+ b3 {| | 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
3 Q/ ?/ D% I X# `3 c登录回复后可见：答案和详解, @, r8 Q% W3 D+ a/ E
Answer：A' O- w( [4 D% U+ f. ]. | M* A
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2. A recessionary gap is more likely to be observed when:4 \! L0 D7 J- K( P5 Y2 u% ?
A. Real GDP is above potential GDP 5 w; [# q2 z j/ i/ Y
B. Real GDP is below potential GDP : C x( g" |) d; c
C. Employment is above full-employment equilibrium1 q5 ~4 c: y0 b d: }! h
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5 n6 \% U& ^5 Y4 G' B* |( {& T0 S; l3. Regarding a company’s production function, both labor costs and capital costs are best described as:0 l( g+ f% M3 d; D$ y- R
A. fixed in the long run
! B8 b4 |* K8 ?. M4 w; [# E) jB. variable in the long run : W) y! x/ |7 ] w
C. variable in the short run
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) \9 x: g1 e% C! U1 d8 a- w& S* ?4. The total output in units and average selling prices in a hypothetical economy producing only two products, X and Y, is provided below:2 L' D7 P* {. \ h( G
| | 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:
" k* O5 y- h7 C+ l( n3 _A. 106.2 0 h& e* x9 @5 f5 a" H7 A
B. 106.8 2 a, k) I8 s5 S( a
C. 113.4 6 Z% K3 k; v" r$ ]
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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: , v- B$ U- c; b6 f2 k
A. 1,000
0 g: A) n! J- N" A# z) eB. 1,163
: `. p. U* _! o: KC. 7,143
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发表于 2016-1-25 13:27:44
发表于 2019-5-20 11:23:15
