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本帖最后由 一起学CFA 于 2016-1-25 13:30 编辑 % d) L% R8 w5 {- q" K" q0 s' ?
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CFA Level I：Economics - Aggregate output, price, and economic growth 精选题和学习要点" ]+ f7 v- a+ e$ j0 Y3 p
Learning Outcome Statements (LOS)
- ]+ t1 ] S6 H# N: Ea Calculate and explain gross domestic product (GDP) using expenditure and income approaches; ( C; o# z6 q" B, q6 g/ q- U
b Compare the sum-of-value-added and value-of –final-output methods of calculating GDP;
9 k6 W& V+ M4 ~3 ~$ t0 s. S0 b# @c Compare nominal and real GDP and calculate and interpret the GDP deflator;
$ t# G# U6 N2 } sd Compare GDP, national income, personal income, and personal disposable income; $ K. |* ]1 S' @1 r0 j/ q
e Explain the fundamental relationship among saving, investment, the fiscal balance, and the trade balance;
1 @* W! P [/ G+ b5 W8 F Hf Explain the IS and LM curves and how they combine to generate the aggregate demand curve;
" ~+ k* M2 y1 R2 Z) d7 f9 kg Explain the aggregate supply curve in the short run and long run; I4 S' u% I- k+ k
h Explain the causes of movements along and shifts in aggregate demand and supply curves;
8 d9 }7 J9 \1 K; J& b1 m/ di Describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle; 4 a7 b3 t+ J) K, }
j Explain how a short run macroeconomic equilibrium may occur at a level above or below full employment;
@7 U2 F( r8 h' u% v1 hk Analyze the effect of combined changes in aggregate supply and demand on the economy; 2 _5 x' d+ x/ [6 d V8 `3 @
l Describe the sources, measurement, and sustainability of economic growth;
# }( k1 U; c! O0 Wm Describe the production function approach to analyzing the sources of economic growth;( r/ ^7 b5 w) ? f& n1 o' Y8 F
n Distinguish between input growth and growth of total factor productivity as components of economic growth.
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+ ^+ I: l& B; I& q) U c% _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?
; {! R* _) M$ U I4 M| | 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
' t/ v1 D8 ~- R1 F登录回复后可见：答案和详解
- H- p# _4 p, U8 ?+ hAnswer：A
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2. A recessionary gap is more likely to be observed when:1 c# y' s$ G4 F" f1 J1 H5 C4 f
A. Real GDP is above potential GDP
2 i8 s! U; l1 X" K' }% l) LB. Real GDP is below potential GDP % D0 h; t7 Z3 h0 W4 m5 ^( 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:' W% Q1 l; J% m3 a+ I) S1 i
A. fixed in the long run
' L" t# Z5 R" F% A6 fB. variable in the long run
, F- H* E$ \4 ? DC. variable in the short run # N' L, f( g8 _1 [# X# Q% P) o( I* [
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+ |; W# J R* ?& V! A+ ~/ A& E4. The total output in units and average selling prices in a hypothetical economy producing only two products, X and Y, is provided below:4 T# u; S/ _9 [/ \7 P( ^( e& _% q# I
| | 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: - w% \4 G9 v0 v" O+ @
A. 106.2 . Q1 k: A8 V3 u- H/ u
B. 106.8
8 J9 A2 F% i1 j% eC. 113.4 ! R: J7 n3 Q2 j3 w$ Z
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& t& e/ [0 g& g& J. P. f5. 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: 1 ?: G% V: q4 i
A. 1,000 / l8 g& p# M, g, V1 _
B. 1,163 ! j2 |% l: ?* @# Y% w
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
