发布时间 : 星期三 文章北大出版社_曼昆_宏观经济学_第六版_最新全英题库_有答案_23章更新完毕开始阅读
Chapter 23 /Measuring a Nation's Income ? 9
11. Suppose an apartment complex converts to a condominium, so that the former renters are
now owners of their housing units. Suppose further that a current estimate of the value of the condominium owners' housing services is the same as the rent they previously paid. What happens to GDP as a result of this conversion? a. GDP necessarily increases. b. GDP necessarily decreases.
c. GDP is unaffected because neither the rent nor the estimate of the value owner-occupied
housing services is included in GDP.
d. GDP is unaffected because previously the rent payments were included in GDP and now
the rent payments are replaced in GDP by the estimate of the value of owner occupied housing services.
ANS: D DIF: 2 REF: 10-2 NAT: Analytic
LOC: The study of economics and definitions in economics TOP: Housing services MSC: Applicative
12. James owns two houses. He rents one house to the Johnson family for $10,000 per year.
He lives in the other house. If he were to rent the house in which he lives, he could earn $12,000 per year in rent. How much do the housing services provided by the two houses contribute to GDP? a. $0
b. $10,000 c. $12,000 d. $22,000 ANS: D DIF: 2 REF: 10-2 NAT: Analytic
LOC: The study of economics and definitions in economics TOP: Housing services MSC: Applicative
13. Ryan lives in an apartment where he pays $7,000 a year in rent. Alexis lives in a house
that could be rented for $14,000 a year. How much do these housing services contribute to GDP?
a. $21,000 b. $14,000 c. $7,000 d. $0 ANS: A DIF: 2 REF: 10-2 NAT: Analytic
LOC: The study of economics and definitions in economics TOP: Housing services MSC: Applicative
14. Most goods and services produced at home
a. and most goods and services produced illegally are included in GDP.
b. are included in GDP while most goods and services produced illegally are excluded
from GDP.
c. are excluded from GDP while most goods and services produced illegally are included
in GDP
d. and most goods and services produced illegally are excluded from GDP. ANS: D DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Household chores | Illegal goodsMSC: Definitional
? 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
10 ? Chapter 23/Measuring a Nation's Income
15. GDP excludes most items that are produced and sold illegally and most items that are pro-duced and consumed at home because
a. the quality of these items is not high enough to contribute value to GDP. b. measuring them is so difficult.
c. the government wants to discourage the production and consumption of these items. d. these items are not reported on income tax forms. ANS: B DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Illegal goods MSC: Interpretive
16. Estimates of the values of which of the following non-market goods or services are included
in GDP?
a. the value of unpaid housework
b. the value of services provided by major household appliances purchased in a previous
period
c. the estimated rental value of owner-occupied homes d. All of the above are included in GDP. ANS: C DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Housing services | Household chores MSC: Applicative 17. Over the last few decades, Americans have chosen to cook less at home and eat more at res-taurants. This change in behavior, by itself, has
a. reduced measured GDP. b. not affected measured GDP.
c. increased measured GDP by the value of the restaurant meals.
d. increased measured GDP by the value added by the restaurant’s preparation and serving
of the meals.
ANS: D DIF: 2 REF: 10-2 NAT: Analytic
LOC: The study of economics and definitions in economics TOP: Household chores MSC: Applicative
18. Over time, people have come to rely more on market-produced goods and services and less
on goods and services they produce for themselves. For example, busy people with high incomes, rather than cleaning their own houses, hire people to clean their houses. By itself, this change has
a. caused measured GDP to fall.
b. not caused any change in measured GDP. c. caused measured GDP to rise.
d. probably changed measured GDP, but in an uncertain direction; the direction of the
change depends on the difference in the quality of the cleaning that has resulted.
ANS: C DIF: 2 REF: 10-2 NAT: Analytic
LOC: The study of economics and definitions in economics TOP: Household chores MSC: Applicative
? 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Chapter 23 /Measuring a Nation's Income ? 11
19. Ralph pays someone to mow his lawn, while Mike mows his own lawn. Regarding these
two practices, which of the following statements is correct? a. Only Ralph’s payments are included in GDP.
b. Ralph’s payments as well as the estimated value of Mike’s mowing services are
included in GDP.
c. Neither Ralph’s payments nor the estimated value of Mike's mowing services is
included in GDP.
d. Ralph’s payments are included in GDP, while the estimated value of Mike’s mowing
services is included in GDP only if Mike voluntarily provides his estimate of that value to the government.
ANS: A DIF: 2 REF: 10-2 NAT: Analytic
LOC: The study of economics and definitions in economics TOP: Household chores MSC: Interpretive
20. Susan switches from going to Speedy Lube for an oil change to changing the oil in her car
herself. Which of the following is correct? The value of changing the oil is
a. included in GDP whether Susan pays Speedy Lube to change it or changes it herself. b. included in GDP if Susan pays Speedy Lube to change it but not if she changes it
herself.
c. included in GDP if Susan changes it herself, but not if she pays Speedy Lube to change
it.
d. not included in GDP whether Susan pays Speedy lube to change it or she changes it
herself.
ANS: B DIF: 2 REF: 10-2 NAT: Analytic
LOC: The study of economics and definitions in economics TOP: Household chores MSC: Applicative
21. Rachel babysits for her sister for no pay. When she babysits for someone else she charges
$8 an hour. When is Rachel’s babysitting included in GDP?
a. When she babysits for her sister and when she babysits for someone else. b. When she babysits for her sister, but not when she babysits for someone else. c. When she babysits for someone else, but not when she babysits for her sister. d. Neither when she babysits for her sister nor for someone else. ANS: C DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: GDP MSC: Interpretive
22. Which of the following is not included in GDP?
a. carrots grown in your garden and eaten by your family
b. carrots purchased at a farmer’s market and eaten by your family c. carrots purchased at a grocery store and eaten by your family d. None of the above are included in GDP. ANS: A DIF: 2 REF: 10-2 NAT: Analytic
LOC: The study of economics and definitions in economics TOP: Household chores MSC: Applicative
? 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
12 ? Chapter 23/Measuring a Nation's Income
23. A professional gambler moves from a state where gambling is illegal to a state where gam-bling is legal. Most of his income was, and continues to be, from gambling. His move
a. raises GDP. b. decreases GDP.
c. doesn't change GDP because gambling is never included in GDP. d. doesn't change GDP because in either case his income is included. ANS: A DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Illegal goods MSC: Applicative
24. If a state made a previously-illegal activity, such as gambling or prostitution, legal, then,
other things equal, GDP a. decreases. b. increases.
c. doesn't change because both legal and illegal production are included in GDP. d. doesn't change because these activities are never included in GDP. ANS: B DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Illegal goods MSC: Applicative
25. Which of the following is included in GDP?
a. medical marijuana purchased from a government-run pharmacy by a glaucoma patient b. recreational marijuana purchased from a drug dealer by a college student c. recreational marijuana produced and consumed by a man in his attic d. All of the above are included in GDP. ANS: A DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Illegal goods MSC: Applicative
26. Darin grows and sells marijuana to Jennifer. Thomas is an organic farmer who sells broc-coli to Jennifer. Marijuana is an illegal good and broccoli is a legal good. Assume that if Jennifer marries either, they give her what they use to sell her. Which of the following statements is consistent with the way GDP is computed?
a. GDP will fall if Jennifer marries either Darin or Thomas..
b. GDP will fall if Jennifer marries Darin but not if she marries Thomas. c. GDP will fall if Jennifer marries Thomas but not if she marries Darin. d. GDP remains the same whether Jennifer marries Darin or Thomas. ANS: C DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Illegal goods MSC: Applicative
27. Spots, Inc. produces ink and sells it to Write on Target, which makes pens. The ink pro-duced by Spots, Inc. is called a. an inventory good. b. a transitory good. c. a final good.
d. an intermediate good. ANS: D DIF: 1 REF: 10-2 NAT: Analytic
LOC: The study of economics and definitions in economics TOP: Intermediate goods MSC: Definitional
? 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.