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本帖最后由 一起学CFA 于 2016-1-25 13:30 编辑
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# p; F3 C% l; fCFA Level I:Economics - Aggregate output, price, and economic growth 精选题和学习要点
( D9 l& i: l* v& i# @, hLearning Outcome Statements (LOS) 5 `- u0 B; l5 a2 c! Q# R! j+ B( M
a Calculate and explain gross domestic product (GDP) using expenditure and income approaches;
, N" s& U c. L; z; Wb Compare the sum-of-value-added and value-of –final-output methods of calculating GDP; : q( N1 P3 A" M$ P% i! ]
c Compare nominal and real GDP and calculate and interpret the GDP deflator; 8 v, N; D( [* y$ ]+ B3 {& `
d Compare GDP, national income, personal income, and personal disposable income;
1 a7 x8 p. k% b% d) [# }3 Te Explain the fundamental relationship among saving, investment, the fiscal balance, and the trade balance; 5 i5 H8 n0 l$ G E* d
f Explain the IS and LM curves and how they combine to generate the aggregate demand curve; ; R/ Y8 b5 b8 \8 I# a
g Explain the aggregate supply curve in the short run and long run; 5 C3 g! L( n6 I5 ^6 N
h Explain the causes of movements along and shifts in aggregate demand and supply curves;
5 v) x8 _* V- Di Describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle; , A _. h! |3 C
j Explain how a short run macroeconomic equilibrium may occur at a level above or below full employment; ( Y8 r2 E$ h2 [' G; x2 T
k Analyze the effect of combined changes in aggregate supply and demand on the economy; % V' O, X; b7 Q# L4 P/ ]" ]
l Describe the sources, measurement, and sustainability of economic growth;
4 b6 z3 N6 m5 U$ ^7 W' Z& im Describe the production function approach to analyzing the sources of economic growth;
+ \, g6 |( z+ c: E1 [) `( En Distinguish between input growth and growth of total factor productivity as components of economic growth.* L; C% m* j" X$ \; I- [$ N
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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?; K1 B+ `7 o$ n" Q, b
| 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, r* h3 H8 q2 l1 l0 R. B
登录回复后可见:答案和详解) E) f5 r5 @2 j% R5 P
Answer:A
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/ D" B) L) e+ N( m1 v9 q2. A recessionary gap is more likely to be observed when:
4 e9 N& [! h: {A. Real GDP is above potential GDP 1 S) `7 T, |5 ]0 y' E/ ?4 j
B. Real GDP is below potential GDP $ ~- H1 U5 t4 f1 E1 G
C. Employment is above full-employment equilibrium
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6 E [5 L _ w$ B ?$ c5 n* g9 r3 y3. Regarding a company’s production function, both labor costs and capital costs are best described as:/ ]6 ` I$ A( F9 p& ~# Q
A. fixed in the long run
1 ~. z. t. g' E( ~) T7 L, yB. variable in the long run
5 d4 I% V4 S0 V) w8 G, k; |C. variable in the short run
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( c" m! Z& [8 @! x7 Q) D& ^7 G) D4. The total output in units and average selling prices in a hypothetical economy producing only two products, X and Y, is provided below:
1 h( U3 B1 l) a- i! r | 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: 0 ]' m* b. j2 ^3 u
A. 106.2 6 E7 G1 U c- R2 o- X
B. 106.8 ; }! X9 ]% b+ M
C. 113.4
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5. In a sample economy with no foreign sector, the following equations apply:6 t$ H4 G# S/ h; _- z0 N ?
& U1 I5 t. }) m% x* ], [ 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:
8 o) T) t2 k# H6 @2 A5 a3 FA. 1,000 5 u- `* ?$ z0 e! b! D4 R
B. 1,163
3 k/ D4 O! h/ ?- L: m! ?C. 7,143 & T" W4 d& F0 f7 B. |1 |
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