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本帖最后由 一起学CFA 于 2016-1-25 13:30 编辑 & G" A/ i: ]; B7 L$ J* K, l
- i5 o, i/ R. ~( K! i" ^+ |3 ACFA Level I：Economics - Aggregate output, price, and economic growth 精选题和学习要点/ O4 o' X% m/ U
Learning Outcome Statements (LOS)
' h8 \, b, L/ Ca Calculate and explain gross domestic product (GDP) using expenditure and income approaches;
" Z1 }8 z* t0 |* jb Compare the sum-of-value-added and value-of –final-output methods of calculating GDP;
' M6 t! w w2 U$ G: x2 A4 Ec Compare nominal and real GDP and calculate and interpret the GDP deflator; : M* W$ Q0 p, G% Z5 H& b
d Compare GDP, national income, personal income, and personal disposable income; }/ u0 F$ S6 Q/ q% ?8 l1 Y2 [ y _
e Explain the fundamental relationship among saving, investment, the fiscal balance, and the trade balance; ; C- C. V7 j) F$ ]! B! K
f Explain the IS and LM curves and how they combine to generate the aggregate demand curve;
6 w5 A- ?- s4 d6 vg Explain the aggregate supply curve in the short run and long run;
5 p; k( ^) H2 C6 T/ r0 a: Lh Explain the causes of movements along and shifts in aggregate demand and supply curves;
y8 M. L9 c+ u, Y! Li Describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle;
u2 E t$ e" j2 aj Explain how a short run macroeconomic equilibrium may occur at a level above or below full employment; ; Y8 j4 f% ?: e# A3 a4 f% N* y
k Analyze the effect of combined changes in aggregate supply and demand on the economy;
8 k% d! d$ n+ h; o5 }. k el Describe the sources, measurement, and sustainability of economic growth; ' r8 w. M |: k; T, J. k& k
m Describe the production function approach to analyzing the sources of economic growth;
3 L8 a( ]+ \3 {7 c% ^; `! Kn Distinguish between input growth and growth of total factor productivity as components of economic growth./ X! P" { ^6 ^& Y9 m" v6 f1 M1 w
% `5 P/ X, u9 {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?
8 k& |. l# E0 T| | 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! w* ^3 i2 i% f, p+ c, o9 x$ t, R5 H
登录回复后可见：答案和详解
5 D) B$ k4 n; W0 |! y4 GAnswer：A
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2. A recessionary gap is more likely to be observed when:0 i, G3 C$ k' c3 y3 X
A. Real GDP is above potential GDP
5 H4 K1 Y% ]/ S6 S Z/ k& dB. Real GDP is below potential GDP , r& g( W% a) t" M: \' [; {
C. Employment is above full-employment equilibrium5 }5 j( D/ d; g; U( K, p4 }
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3. Regarding a company’s production function, both labor costs and capital costs are best described as:/ H0 k' | v& K0 a" k
A. fixed in the long run% a9 u k8 D# m( j2 s
B. variable in the long run
8 l) K& K& H; Z( w0 iC. variable in the short run 2 q1 ~( Q! u& x( Q* D `
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' G$ M( o7 N4 B) g& k7 v" ~4. The total output in units and average selling prices in a hypothetical economy producing only two products, X and Y, is provided below:% o: q3 J: h/ p5 x/ D/ }& Z
| | 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:
" d8 I. m# l1 o( l* q9 A% UA. 106.2 ) E- k$ q0 s2 R! Q3 F3 v5 k
B. 106.8
% h3 y) E3 v, }& vC. 113.4
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5. In a sample economy with no foreign sector, the following equations apply:; ~7 N! o- e/ z- }- k0 X+ Q
0 n G* d7 m$ {| 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:
- G! _. [% x9 uA. 1,000
1 J/ Q2 a4 f( N& ^( M9 x( UB. 1,163 " p5 @" [5 q! l- _
C. 7,143 7 P# I7 C3 r$ X5 v! j4 j! p$ D* E6 R
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发表于 2016-1-25 13:27:44
发表于 2019-5-20 11:23:15
