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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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" w5 m+ p- m! ZCFA Level I:Economics - Aggregate output, price, and economic growth 精选题和学习要点2 D/ _1 a% p3 P v# ]! z# F( I2 Q
Learning Outcome Statements (LOS) % h7 r& q( v5 w! c% ?9 K8 T D
a Calculate and explain gross domestic product (GDP) using expenditure and income approaches;
4 D1 m+ _- p! a7 g3 ?" Fb Compare the sum-of-value-added and value-of –final-output methods of calculating GDP;
# H+ g5 B. A; T9 ~/ J9 [: z3 R1 K7 Vc Compare nominal and real GDP and calculate and interpret the GDP deflator;
( O& s. e7 y9 Ud Compare GDP, national income, personal income, and personal disposable income; 9 g+ X. e( N. e y/ J! t; ?0 q: s
e Explain the fundamental relationship among saving, investment, the fiscal balance, and the trade balance; ' W1 }5 X+ E1 ^# W+ l
f Explain the IS and LM curves and how they combine to generate the aggregate demand curve; 3 w9 C3 Y( D* J$ q0 w1 ^( ~
g Explain the aggregate supply curve in the short run and long run;
7 D& p* m. k& y5 Dh Explain the causes of movements along and shifts in aggregate demand and supply curves;
" ^3 b; b, z4 F4 N, O+ e, }; y7 U3 Ei Describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle; 9 T& E1 B& X0 {" E) t: q
j Explain how a short run macroeconomic equilibrium may occur at a level above or below full employment; ' }) Q' `% o) _/ @( v" ?' v
k Analyze the effect of combined changes in aggregate supply and demand on the economy; ; f B, b+ _5 g x
l Describe the sources, measurement, and sustainability of economic growth;
0 r1 {4 z, V* G9 jm Describe the production function approach to analyzing the sources of economic growth;; F: O, k2 e X0 `5 U E
n Distinguish between input growth and growth of total factor productivity as components of economic growth.
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: r& w5 t0 @5 j% w1 T3 B1. In regard to the aggregate demand curve and an increase in one of its associated factors, which of the following relationships is least accurate?2 S! y4 o- S! y: d4 T) W g! e) Q
| 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
4 h- d* j8 k% Y" p9 i2 R) b5 L& T登录回复后可见:答案和详解1 U$ O% u* g1 X
Answer:A
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2. A recessionary gap is more likely to be observed when:. t; o1 v0 S5 l' L' s! }5 g2 B0 d
A. Real GDP is above potential GDP . I& h. O+ U' b% Z! `% w
B. Real GDP is below potential GDP
; a/ Q7 f; t( T* I6 y' [7 |: sC. Employment is above full-employment equilibrium& g2 b7 [2 Y" J
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& [* \ }! Z" i. T- r) K0 q3. Regarding a company’s production function, both labor costs and capital costs are best described as:3 g F, c! z* L7 o5 u
A. fixed in the long run
+ j) W* N( _8 l+ l" J5 Z! o# s4 gB. variable in the long run 5 |* n6 O" ^5 g) s6 ~
C. variable in the short run ! p( `+ z. M% N: d! a
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4 y/ L9 F% h! H1 N# r$ U% c4. The total output in units and average selling prices in a hypothetical economy producing only two products, X and Y, is provided below: K+ M2 _8 A! i/ D
| 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: % s6 R9 l7 H( w5 {6 s9 v/ Z
A. 106.2 S% M7 _ I" ?2 _* V
B. 106.8
1 F) R! u% P( I1 I& T$ \9 NC. 113.4 0 t% H7 A0 `4 ?! J* h' U8 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: y2 E; o* `4 f4 K
A. 1,000 ' q+ g S; L- b2 v3 r9 N
B. 1,163 ) P" S: a7 L w5 `1 `& r
C. 7,143 ' C' q; i( e) G
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