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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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CFA Level I：Economics - Aggregate output, price, and economic growth 精选题和学习要点" [* D( o- ^8 _" f3 S
Learning Outcome Statements (LOS) # b9 |7 u, S5 P8 W* }
a Calculate and explain gross domestic product (GDP) using expenditure and income approaches;
9 ~, a& |, H5 X& O5 Xb Compare the sum-of-value-added and value-of –final-output methods of calculating GDP; % q2 ]9 {1 _1 Q. O" m
c Compare nominal and real GDP and calculate and interpret the GDP deflator; & P0 D5 L0 V- i& Q1 m* X2 A
d Compare GDP, national income, personal income, and personal disposable income; & T; H, C4 f' w* U0 M: [4 K$ n+ T
e Explain the fundamental relationship among saving, investment, the fiscal balance, and the trade balance; ! ~* q3 ]/ l: v6 O7 }
f Explain the IS and LM curves and how they combine to generate the aggregate demand curve;
) R% B3 w( \4 E" s6 r) A4 O, Yg Explain the aggregate supply curve in the short run and long run; 8 D" |: _8 H: \2 ~
h Explain the causes of movements along and shifts in aggregate demand and supply curves;
# S2 r: T' J2 I3 Q* K7 t9 ki Describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle;
+ I, M. l' @8 jj Explain how a short run macroeconomic equilibrium may occur at a level above or below full employment;
5 b+ M# w7 P% H s( r" Y+ H; ok Analyze the effect of combined changes in aggregate supply and demand on the economy;
3 V' _- K+ F1 H+ B" Kl Describe the sources, measurement, and sustainability of economic growth; 3 z6 u+ U- i& R
m Describe the production function approach to analyzing the sources of economic growth;7 |+ \6 M2 @1 C: f
n Distinguish between input growth and growth of total factor productivity as components of economic growth.
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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?
5 O! O9 k) ~$ Q: 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) Y* [6 [: s# i
登录回复后可见：答案和详解3 C' n3 D" T- t' O2 G4 H
Answer：A
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$ A/ t& @4 ]% s/ l. b& L2. A recessionary gap is more likely to be observed when:8 C! k( M0 e$ {* |2 |
A. Real GDP is above potential GDP 5 O& c' b# y* W8 i) Q( w
B. Real GDP is below potential GDP
3 C( |8 \8 n- P$ p/ J" @' ~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:: d. h$ S( t+ _4 T2 A* ]! F' Z
A. fixed in the long run
+ v; F3 B. }4 l6 k- OB. variable in the long run
" R' }9 Q4 S' C2 q+ e4 Y) G1 qC. variable in the short run 1 J( t4 m7 Y0 {' d. L+ E: P
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4. The total output in units and average selling prices in a hypothetical economy producing only two products, X and Y, is provided below:% ]! f/ w1 \8 b9 c8 b! 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: + T0 a7 B* o5 f' b' ]5 b" }, F+ U
A. 106.2 D' b( e! o& F/ }# j3 A" m0 q' \
B. 106.8
0 z6 _2 c2 w7 u& T- c1 iC. 113.4
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5. In a sample economy with no foreign sector, the following equations apply: ~! [3 d- D4 O9 Q% _
5 h) {! ]3 g' `/ r$ Z6 \| 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: ) x1 d9 k0 W! g0 ]
A. 1,000 $ D' A1 a: {8 A* Z# g. `
B. 1,163
8 z- e" \1 L" L# K# m4 kC. 7,143 / ~/ j! |' h0 @4 m, v- x7 b
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发表于 2016-1-25 13:27:44
发表于 2019-5-20 11:23:15
