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Chapter 23 /Measuring a Nation's Income ? 25
78. Which government entity computes U.S. GDP every three months?
a. the Council of Economic Advisers
b. the Department of Commerce（商业部） c. the Department of Treasury d. the Federal Reserve ANS: B DIF: 1 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: U.S. Department of Commerce MSC: Definitional
79. Which of the following correctly orders U.S. income measures from largest to smallest?
a. disposable personal income, gross national product, national income, net national
product, personal income
b. personal income, net national product, national income, gross national product,
disposable personal income
c. gross national product, net national product, national income, personal income,
disposable personal income
d. disposable personal income, personal income, national income, net national product,
gross national product
ANS: C DIF: 2 REF: 10-2 NAT: Analytic
LOC: The study of economics and definitions in economics TOP: Income measures MSC: Interpretive
80. U.S. GDP and U.S. GNP are related as follows:
a. GNP = GDP + Value of exported goods - Value of imported goods. b. GNP = GDP - Value of exported goods + Value of imported goods.
c. GNP = GDP + Income earned by foreigners in the U.S. - Income earned by U.S. citizens
abroad.
d. GNP = GDP - Income earned by foreigners in the U.S. + Income earned by U.S. citizens
abroad.
ANS: D DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: GNP MSC: Interpretive
81. How does U.S. gross domestic product (GDP) differ from U.S. gross national product
(GNP)?
a. GNP = GDP - losses from depreciation
b. GNP = GDP + income earned by U.S. citizens abroad - income that foreign citizens
earned in the U.S.
c. GNP = GDP + transfer payments to households + - indirect sales taxes d. GNP = GDP - depreciation - retained earnings ANS: B DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: GNP 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.
26 ? Chapter 23/Measuring a Nation's Income
82. Foreign citizens earn more income in Ireland than Irish citizens earn in foreign countries.
a. Ireland’s net factor payments from abroad are positive, and its GDP is larger than its
GNP.
b. Ireland’s net factor payments from abroad are positive, and its GNP is larger than its
GDP.
c. Ireland’s net factor payments from abroad are negative, and its GDP is larger than its
GNP.
d. Ireland’s net factor payments from abroad are negative, and its GNP is larger than its
GDP.
ANS: C DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: GNP MSC: Applicative
83. The residents of country A earn $500 million of income from abroad. Residents of other
countries earn $200 million in country A. These earnings are accounted for in country A’s
a. country A’s net factor payments from abroad are positive, and its GDP is larger than
its GNP.
b. country A’s net factor payments from abroad are positive, and its GNP is larger than
its GDP.
c. country A’s net factor payments from abroad are negative, and its GDP is larger than
its GNP.
d. country A’s net factor payments from abroad are negative, and its GNP is larger than
its GDP.
ANS: B DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: GNP MSC: Applicative
84. The residents of country A earn $500 million of income from abroad. Residents of other
countries earn $200 million in country A. These earnings are accounted for in country A’s
a. GNP which is larger than GDP in country A. b. GNP which is smaller than GDP in country A. c. GDP which is larger than GNP in country A. d. GDP which is smaller than GNP in country A. ANS: A DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: GNP MSC: Applicative
85. Jackie, a Canadian citizen, works only in the United States. The value of the output she
produces is
a. included in both U.S. GDP and U.S. GNP.
b. included in U.S. GDP, but it is not included in U.S. GNP. c. included in U.S. GNP, but it is not included in U.S. GDP. d. included in neither U.S. GDP nor U.S. GNP. ANS: B DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: GNP MSC: Interpretive
? 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 ? 27
86. Thomas, a U.S. citizen, works only in Canada. The value of the output he produces is
a. included in both U.S. GDP and U.S. GNP.
b. included in U.S. GDP, but it is not included in U.S. GNP. c. included in U.S. GNP, but it is not included in U.S. GDP. d. included in neither U.S. GDP nor U.S. GNP. ANS: C DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: GNP MSC: Interpretive
87. A Mexican company operates a restaurant in the U.S. The value of the restaurant’s output
produced by Mexican citizens and the equipment they own is included in a. U.S. GNP and Mexican GNP. b. U.S. GNP and Mexican GDP. c. U.S. GDP and Mexican GNP. d. U.S. GDP and Mexican GDP. ANS: C DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: GNP MSC: Applicative
88. Gina, a U.S. citizen, works only in Bermuda. The value of Gina’s production is included
in
a. U.S. GDP and Bermudan GDP. b. U.S. GDP and Bermudan GNP. c. U.S. GNP and Bermudan GDP. d. U.S. GNP and Bermudan GNP. ANS: C DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: GNP MSC: Applicative
89. U.S. GDP
a. includes production of foreigners working in the U.S. and production by U.S. residents
working in foreign countries.
b. includes production of foreigners working in the U.S. but excludes production by U.S.
residents working in foreign countries.
c. excludes production of foreigners working in the U.S. but includes production by U.S.
residents working in foreign countries.
d. excludes production of foreigners working in the U.S. and production by U.S. residents
working in foreign countries.
ANS: B DIF: 1 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: GDP MSC: Definitional
90. Which of the following is not correct?
a. GNP equals net national product plus losses from depreciation.
b. For most countries, including the United States, GDP and GNP are nearly the same. c. GDP and GNP typically move in opposite directions.
d. Personal income equals disposable personal income plus personal taxes plus certain
nontax payments.
ANS: C DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: GNP | NNP | Personal income MSC: Interpretive
? 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.
28 ? Chapter 23/Measuring a Nation's Income
91. How is net national product (NNP) calculated?
a. Saving is subtracted from the total income of a nation’s citizens. b. Saving is added to the total income of a nation’s citizens
c. Depreciation losses（折旧） are subtracted from the total income of a nation’s citizens. d. Depreciation losses are added to the total income of a nation’s citizens. ANS: C DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: NNP MSC: Interpretive
92. In the national income accounts, depreciation is called
a. \固定资本的损耗 b. \c. \d. \ANS: A DIF: 1 REF: 10-2 LOC: The study of economics and definitions in economics MSC: Definitional
93. Which of the following is an example of depreciation?
a. falling stock prices
b. the retirement of several employees c. computers becoming obsolete
d. All of the above are examples of depreciation. ANS: C DIF: 2 REF: 10-2 LOC: The study of economics and definitions in economics MSC: Applicative
NAT: Analytic TOP: Depreciation
NAT: Analytic TOP: Depreciation
94. How is net national product (NNP) calculated?（重复题，跳过）
a. Saving is added to the total income of a nation’s citizens. b. Saving is added to the total income earned within a nation.
c. Depreciation losses are subtracted from the total income of a nation’s citizens. d. Depreciation losses are subtracted from the total income earned within a nation. ANS: C DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: NNP MSC: Interpretive
95. National income is defined as（国民收入定义P9）
a. the total income of a nation’s permanent residents minus losses from depreciation. b. the income that households and noncorporate businesses receive.
c. the total income earned by a nation’s permanent residents in the production of goods
and services.
d. the income that households and noncorporate businesses have left after satisfying all
their obligations to the government.
ANS: C DIF: 1 REF: 10-2 NAT: Analytic
LOC: The study of economics and definitions in economics TOP: National income 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.