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1、Chapter23MeasuringaNationsIncomeMULTIPLECHOICE1.Macroeconomistsstudya.thedecisionsofindividualhouseholdsfirms.b.theinteractionbetweenhouseholdsfirms.c.economywidephenomena.d.regulationsimposedonfirmsunions.ANS:CDIF:1REF:

2、100NAT:AnalyticLOC:ThestudyofeconomicsdefinitionsineconomicsTOP:MacroeconomicsMSC:Definitional2.Whichofthefollowingnewspaperheadlinesismecloselyrelatedtowhatmicroeconomistsstudythantowhatmacroeconomistsstudya.Unemploymen

3、traterisesfrom5percentto5.5percent.b.RealGDPgrowsby3.1percentinthethirdquarter.c.Retailsalesatstesshowlargegains.d.Thepriceofangesrisesafteranearlyfrost.ANS:DDIF:2REF:100NAT:AnalyticLOC:Thestudyofeconomicsdefinitionsinec

4、onomicsTOP:MacroeconomicsMSC:Interpretive3.Whichofthefollowingquestionsismelikelytobestudiedbyamicroeconomistthanamacroeconomista.Whydopricesingeneralrisebymeinsomecountriesthaninothersb.Whydowagesdifferacrossindustriesc

5、.Whydonationalproductionincomeincreaseinsomeperiodsnotinothersd.HowrapidlyisGDPcurrentlyincreasingANS:BDIF:2REF:100NAT:AnalyticLOC:ThestudyofeconomicsdefinitionsineconomicsTOP:MacroeconomicsMSC:Interpretive4.Whichofthefo

6、llowingtopicsaremelikelytobestudiedbyamacroeconomistthanbyamicroeconomista.theeffectoftaxesonthepricesofairlineticketstheprofitabilityofautomobilemanufacturingfirmsb.thepriceofbeefwagedifferencesbetweengendersc.howconsum

7、ersmaximizeutilityhowpricesareestablishedinmarketsfagriculturalproductsd.thepercentageofthelabfcethatisoutofwkdifferencesinaverageincomefromcountrytocountryANS:DDIF:2REF:100NAT:AnalyticLOC:Thestudyofeconomicsdefinitionsi

8、neconomicsTOP:MacroeconomicsMSC:Interpretive5.Wewouldexpectamacroeconomistasopposedtoamicroeconomisttobeparticularlyinterestedina.explaininghoweconomicchangesaffectpricesofparticulargoods.b.devisingpoliciestodealwithmark

9、etfailuressuchasexternalitiesmarketpower.c.devisingpoliciestopromotelowinflation.d.identifyingthosemarketsthatarecompetitivethosethatarenotcompetitive.ANS:CDIF:2REF:100NAT:AnalyticLOC:Thestudyofeconomicsdefinitionsinecon

10、omicsTOP:MacroeconomicsMSC:InterpretiveChapter23MeasuringaNationsIncome?3?2012CengageLearning.AllRightsReserved.Maynotbescannedcopiedduplicatedpostedtoapubliclyaccessiblewebsiteinwholeinpart.2.Expendituresonanation’sdome

11、sticproductiona.arelessthanitsdomesticproduction.b.areequaltoitsdomesticproduction.c.aregreaterthanitsdomesticproduction.d.couldbelessthanequaltogreaterthanitsdomesticproduction.ANS:BDIF:1REF:101NAT:AnalyticLOC:Thestudyo

12、feconomicsdefinitionsineconomicsTOP:GDPMSC:Definitional3.Incomegeneratedbyanation’sdomesticproductiona.islessthanitsdomesticproduction.b.isequaltoitsdomesticproduction.c.isgreaterthanitsdomesticproduction.d.couldbelessth

13、anequaltogreaterthanitsdomesticproduction.ANS:BDIF:1REF:101NAT:AnalyticLOC:ThestudyofeconomicsdefinitionsineconomicsTOP:GDPMSC:Definitional4.Faneconomyasawholea.wagesmustequalprofit.b.consumptionmustequalsaving.c.incomem

14、ustequalexpenditure.d.thenumberofbuyersmustequalthenumberofsellers.ANS:CDIF:2REF:101NAT:AnalyticLOC:ThestudyofeconomicsdefinitionsineconomicsTOP:GDPMSC:Interpretive5.WhichofthefollowingstatementsaboutGDPiscrecta.GDPmeasu

15、restwothingsatonce:thetotalincomeofeveryoneintheeconomythetotalexpenditureontheeconomy’soutputofgoodsservices.b.MoneycontinuouslyflowsfromhouseholdstofirmsthenbacktohouseholdsGDPmeasuresthisflowofmoney.c.GDPisgenerallyre

16、gardedasthebestsinglemeasureofasociety’seconomicwellbeing.d.Alloftheabovearecrect.ANS:DDIF:2REF:101NAT:AnalyticLOC:ThestudyofeconomicsdefinitionsineconomicsTOP:GDPMSC:Interpretive6.Becauseeverytransactionhasabuyeraseller

17、a.GDPismecloselyassociatedwithaneconomy’sincomethanitiswithaneconomy’sexpenditure.b.everytransactioncontributesequallytoaneconomy’sincometoitsexpenditure.c.thenumberoffirmsmustbeequaltothenumberofhouseholdsinasimplecircu

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