201420151经济学2期中考试yym带答案

《201420151经济学2期中考试yym带答案》由会员分享，可在线阅读，更多相关《201420151经济学2期中考试yym带答案（7页珍藏版）》请在装配图网上搜索。

1、学院 姓名 学号 任课老师 选课号/座位号 密封线以内答题无效电子科技大学二零 一四 至二零 一五 学年第 一 学期期 中 考试 经济学II 课程考试题 A 卷（ 90 分钟） 考试形式：闭卷 考试日期：2014年 11月 3 日一二三四五六七八九十合计复核人签名得分签名得 分一、判断题（正确的打“”，错误的打“”，每小题2分，共20分）（ ）1Macroeconomics examines the behavior of economic aggregates. Microeconomics is the foundation of Macroeconomics.（ ）2 If the Fe

2、d buys government bonds, the equilibrium value of money decreases and the equilibrium price level increases.（ ）3The slope of the saving curve is positive and increasing in income Y.（ ）4GDP can measure either the total income of everyone in the economy or the total expenditure on the economys output

3、of goods and services, but GDP cannot measure both at the same time.（ ）5The basic tools of supply and demand are as central to macroeconomic analysis as they are to microeconomic analysis.（ ）6The Federal Reserve is a privately operated commercial bank.（ ）7An economys income is the same as its expend

4、iture because every transaction has a buyer and a seller.（ ）8The consumer price index is used to monitor changes in an economys production of goods and services over time.（ ）9When economists refer to investment, they mean the purchasing of stocks and bonds and other types of saving.（ ）10Banks cannot

5、 influence the money supply if they hold all deposits in reserve.得 分二、单项选择题（每小题2分，共40分）（ D ）1Dead-weight costs of inflation include:AInformational costs BMenu costs CShoe-leather costs DAll above（ A ）2Unemployment rate isApercentage of the labor force that is unemployedBthe fraction of the adult pop

6、ulation that participates in the labor forceCpercentage of labor force that is not employed and not looking for workDNone of the above（ A ）3If the spontaneous consumption decreases, the IS curve willAshift to left Bshift to right Cbe unchanged Dmove down（ D ）4Institutions that help to match one pers

7、ons saving with another persons investment are collectively called theA.Federal Reserve system.B.banking system.C. monetary system.D. financial system.（ D ）5Suppose that in 2010, the producer price index increases by 2 percent. As a result, economists most likely will predict thatA. GDP will increas

8、e in 2011.B. the producer price index will increase by more than 2 percent in 2011.C. interest rates will decrease in the future.D.the consumer price index will increase in the future（ D ）6Economists use the term money to refer toA. all wealth.B. all assets, including real assets and financial asset

9、s.C. all financial assets, but real assets are not regarded as money.D. those types of wealth that are regularly accepted by sellers in exchange for goods and services.（ B ）7Which one is commodity money below?AToken BSilver CFiat DLegal tender（ A ）10Chinas saving rate in 2008 is aboutA51.3% B60% C5%

10、 D71.3%（ B ）8Which of the following changes will decrease investment?AA doubling of the annual revenues. BA rise in interest rates.CAn increase in tax rate on net profitsDAll above（ D ）9Money is not income, and money is not wealth. Money is:Aa means of payment Ba store of value Ca unit of account DA

11、ll of above.（ A ）10M1, or transactions money is money that can be directly used for transactions. It includes: Acurrency held outside banksBall personal deposits Cnon-checkable depositsDAll above.（ A ）11The central bank performs important functions, but not including: ASet the tax rateBClearing inte

12、rbank paymentsCRegulating the banking systemDAll of above（ B ）12The IS model shows the relationship betweenAY & P BY & r CP & r DI & S（ D ）13Consider the following three items of spending by the government: (1) the federal government pays a $500 unemployment benefit to an unemployed person; (2) the

13、federal government makes a $2,000 salary payment to a Navy lieutenant; (3) the city of Bozeman, Montana makes a $10,000 payment to ABC Lighting Company for street lights in Bozeman. Which of these payments contributes directly to government purchases in the national income accounts?A(1)B(2)C(1) and

14、(2)D(2) and (3).（ C ）14An American soldier stationed in California receives a paycheck from the federal government for $500, which she uses to purchase a $300 stereo made in Korea by a Korean firm and $200 worth of groceries produced in California. As a result, U.S. GDP increases byA$200 B$500 C$700

15、 D$1000 （ D ）15When economists talk about growth in the economy, they measure that growth as theAabsolute change in nominal GDP from one period to another.Bpercentage change in nominal GDP from one period to another.Cabsolute change in real GDP from one period to another.Dpercentage change in real G

16、DP from one period to another.（ C ）16Many things that society values, such as good health, high-quality education, enjoyable recreation opportunities, and desirable moral attributes of the population, are not measured as part of GDP. It follows thatAGDP is not a useful measure of societys welfare.BG

17、DP is still a useful measure of societys welfare because providing these other attributes is the responsibility of government.CGDP is still a useful measure of societys welfare because it measures a nations ability to purchase the inputs that can be used to help produce the things that contribute to

18、 welfare.DGDP is still the best measure of societys welfare because these other values cannot actually be measured.（ B ）17During a presidential campaign, the incumbent argues that he should be reelected because nominal GDP grew by 12 percent during his 4-year term in office. You know that population

19、 grew by 4 percent over the period and that the GDP deflator increased by 6 percent during the past 4 years. You should conclude that real GDP per personAgrew by more than 12 percent.Bgrew, but by less than 12 percent.Cwas unchanged.Ddecreased.（ D ）18In the IS model, endogenous variable(s) is (are)A

20、consumption Binvestment Csaving Dall above variables（ B ）19If the consumption function is C = 100 + 0.75Y, the MPS isA100 B0.25 C0.75 DNone of the above（ A ）20The multiplier of transfer payment is AMPC/(1-MPC )B-MPC/(1-MPC ) C1/(1-MPC ) D-1/(1-MPC )得 分三、计算题（共40分）1. The table below contains data for

21、the country of Wrexington for the year 2009.Total income$5731Household purchases of durable goods$1108Household purchases of nondurable goods$702Household purchases of non-education services$203Household purchases of education services$302Household purchases of new housing$816Purchases of capital eq

22、uipment$333Inventory changes$75Purchases of new structures$267Depreciation$401Local government spending on goods and services$236State government spending on goods and services$419Federal government spending on goods and services$1182Transfer payments$707Foreign purchases of domestically produced go

23、ods$217Domestic purchases of foreign goods$129Please answer the following questions. (共10分)a). What was Wrexingtons GDP in 2008? (2分)GDP= Total income=$5731=C+I+G+NX=2315+1491+1837+88b).What was Wrexingtons consumption in 2008? (2分)Consumption= Household purchases of durable goods+ Household purchas

24、es of nondurable goods+ Household purchases of non-education services+ Household purchases of education services=$2315c). What was Wrexingtons investment in 2008? (2分)Investment= Household purchases of new housing+ Purchases of capital equipment+ Inventory changes+ Purchases of new structures=$1491d

25、).What were Wrexingtons government purchases in 2008? (2分)Government purchases= Local government spending on goods and services+ State government spending on goods and services+ Federal government spending on goods and services= $1837e). What were Wrexingtons net exports in 2008? (2分)Net exports= Fo

26、reign purchases of domestically produced goods- Domestic purchases of foreign goods= $882. 2. Consider an economy A described by the following equations:Y = C + I + G + NX,Y = 5,000,G = 1,000,T = 1,000,C = 250 + 0.75(Y T ),I = 1,000 50r,NX = 500 500e,r = r* = 5.a. In this economy, solve for national

27、 saving, investment, the trade balance, and the equilibrium exchange rate.b. Suppose now that G rises to 1,250. Solve for national saving, investment, the trade balance, and the equilibrium exchange rate. c. Now suppose that the world interest rate rises from 5 to 10 percent. (G is again 1,000.) Sol

28、ve for national saving, investment, the trade balance, and the equilibrium exchange rate. 3. The table below contains data for The First Bank of Wahooton. The First Bank of WahootonAssetsLiabilitiesReserves $25,000Deposits $150,000Loans 125,000Please answer the following questions. (共15分)a). If the

29、bank faces a reserve requirement of 10 percent, how much excess reserves does the bank have? (3分)It has excess reserves of $10,000. b). If the bank faces a reserve requirement of 10 percent, how much new loan can the bank make? (3分)It can make a new loan of $10,000.c). Suppose the bank faces a reser

30、ve requirement of 10 percent. Starting from the situation as depicted by the T-account, a customer deposits an additional $50,000 into his account at the bank. If the bank takes no other action, How much excess reserves will it have? (3分)an additional $50,000 reserve requirement Increase =$50,000 *1

31、0%= $5,000excess reserves Increase=$45,000$55,000 in excess reserves. d). If the bank faces a reserve requirement of 20 percent, how much additional reserves does it need to meet its reserve requirements? (3分) It needs $5,000 more reserves to meet its reserve requirements.e). If the First Bank of Wahooton is holding $4,000 in excess reserves, what is the reserve requirement with which it must comply? (3分) 14 percent.第 7 页 共 7 页