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本帖最后由 一起学CFA 于 2016-1-25 13:30 编辑 0 D! O) s; g/ `# n
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CFA Level I：Economics - Aggregate output, price, and economic growth 精选题和学习要点
, ]- l4 s5 k9 s5 f6 t! oLearning Outcome Statements (LOS)
# P0 G6 n9 H) {9 Ea Calculate and explain gross domestic product (GDP) using expenditure and income approaches; ) e! i0 ^8 S" N
b Compare the sum-of-value-added and value-of –final-output methods of calculating GDP;
t9 r( q2 d9 M4 W6 i% nc Compare nominal and real GDP and calculate and interpret the GDP deflator; * ^9 ^' |: p* ?! t
d Compare GDP, national income, personal income, and personal disposable income;
' u5 x6 i! y2 q" S' Q9 {7 He Explain the fundamental relationship among saving, investment, the fiscal balance, and the trade balance; % i9 l3 A6 W: L" h, M
f Explain the IS and LM curves and how they combine to generate the aggregate demand curve; ; s1 [2 P6 V9 K" q7 ~3 F
g Explain the aggregate supply curve in the short run and long run;
8 Z, A! [6 s; z' }9 r. z9 l- Eh Explain the causes of movements along and shifts in aggregate demand and supply curves;
0 k+ ?) b. U+ \1 oi Describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle;
$ F) z6 ?; s3 }6 q( O6 Wj Explain how a short run macroeconomic equilibrium may occur at a level above or below full employment;
, N) H# W3 p' i3 @k Analyze the effect of combined changes in aggregate supply and demand on the economy;
* y+ T5 C4 D! J( j4 G' ?! N: M* Al Describe the sources, measurement, and sustainability of economic growth; $ S5 G' R0 \3 e1 _
m Describe the production function approach to analyzing the sources of economic growth; x8 m" ]3 N& m) w$ s9 A$ C( c
n Distinguish between input growth and growth of total factor productivity as components of economic growth. |' ?, l% D8 B0 X
2 i" K1 W0 J0 D3 |% u1. 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 Y* W& K7 C5 G- E. Y| | 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& a. ~1 Y; u9 q4 s% U
登录回复后可见：答案和详解2 u; m- Z: K. F! w9 W
Answer：A% x- e, ]2 I+ k* `6 T% p
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2. A recessionary gap is more likely to be observed when:
. y( J' K4 c6 i/ QA. Real GDP is above potential GDP
% B, ?4 f5 f, O3 w" E1 r! j k, HB. Real GDP is below potential GDP
B/ M' P5 h7 ?1 _# fC. Employment is above full-employment equilibrium& L" Z% Z' N" N5 n) O! F
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3. Regarding a company’s production function, both labor costs and capital costs are best described as:
: O4 N D3 z: T$ P+ y) G4 NA. fixed in the long run
, V. w# K+ S* tB. variable in the long run . `8 S* h1 D; W/ q
C. variable in the short run 7 i5 W5 `$ |/ G; O+ Y9 T4 I# t
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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:
8 D b* ?5 v: @7 h/ Y| | 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:
3 Y0 |5 K' ~! A. {5 kA. 106.2
& j! l) ?7 q9 m R) sB. 106.8 $ c: {+ y8 _7 H7 S! F
C. 113.4
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' Q3 ?7 B6 t( }! B y! H5. In a sample economy with no foreign sector, the following equations apply:
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& g2 }2 C+ ~ [5 }| 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:
4 t) S- P' d) x3 d) x$ L* XA. 1,000 7 V$ G5 M' h/ t [
B. 1,163 9 _2 j) a. z2 T; x; j
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
