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Chapter 23 /Measuring a Nation's Income ? 45
60. If net exports is a negative number for a particular year, then
a. the value of firms’ inventories declined over the course of the year.
b. consumption exceeded the sum of investment and government purchases during the
year.
c. the value of goods sold to foreigners exceeded the value of foreign goods purchased
during the year.
d. the value of foreign goods purchased exceeded the value of goods sold to foreigners
during the year.
ANS: D DIF: 2 REF: 10-3 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Net exports MSC: Interpretive
61. If a U.S. citizen buys a television made in Korea by a Korean firm, then 买进口货
a. U.S. net exports decrease and U.S. GDP decreases.
b. U.S. net exports are unaffected and U.S. GDP decreases. c. U.S. net exports are unaffected and U.S. GDP is unaffected.
d. U.S. net exports decrease and U.S. GDP is unaffected. 净出口减少，GDP不变 ANS: D DIF: 2 REF: 10-3 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Net exports MSC: Applicative
62. When a U.S. citizen buys $500 of Chinese-made parts for a motorcycle,
a. U.S. consumption falls by $500, U.S. net exports decline by $500, and U.S. GDP
declines by $1000.
b. U.S. consumption does not change, U.S. net exports decline by $500, and U.S. GDP
declines by $500.
c. U.S. consumption increases by $500, U.S. net exports remain the same, and U.S. GDP
increases by $500.
d. U.S. consumption increases by $500, U.S. net exports decline by $500, and U.S. GDP
remains the same.
ANS: D DIF: 1 REF: 10-3 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Net exports | Consumption
MSC: Applicative
63. If a U.S. company buys an electrical generator made in Japan by a Japanese firm, and the
Japanese firm uses the payment to buy stocks issued by a U.S. company then a. U.S. exports and U.S imports increase. b. U.S. exports but not U.S. imports increase. c. U.S. imports but not U.S. exports increase. d. neither U.S. exports nor U.S. imports increase. ANS: C DIF: 2 REF: 10-3 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Net exports 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.
46 ? Chapter 23/Measuring a Nation's Income
64. A German citizen buys an automobile produced in the United States by a Japanese company.
As a result,
a. U.S. net exports increase, U.S. GDP is unaffected, Japanese GNP increases, German net
exports decrease, and German GNP and GDP are unaffected.
b. U.S. net exports and GDP increase, Japanese GNP increases, German net exports
decrease, German GNP is unaffected, and German GDP decreases.
c. U.S. net exports and GDP increase, Japanese GNP increases, German net exports
decrease, and German GNP and GDP are unaffected.
d. U.S. net exports and GDP are unaffected, Japanese GNP increases, and German net
exports, GNP, and GDP decrease.
ANS: C DIF: 3 REF: 10-3 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Net exports | GDP versus GNP MSC: Analytical
65. A U.S. citizen buys a tea kettle manufactured in China by a company that is owned and op-erated by U.S citizens. In which of the following components of U.S. GDP is this transac-tion accounted for?
a. consumption and imports b. consumption but not imports c. imports but not consumption d. neither consumption nor imports ANS: A DIF: 3 REF: 10-3 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Net exports | GDP versus GNP MSC: Analytical
66. If a U.S. citizen buys a dress made in Nepal by a Nepalese firm, then
a. U.S. consumption increases, U.S. net exports decrease, and U.S. GDP decreases. b. U.S. consumption increases, U.S. net exports decrease, and U.S. GDP is unaffected. c. U.S. consumption decreases, U.S. net exports increase, and U.S. GDP increases. d. U.S. consumption decreases, U.S. net exports increase, and U.S. GDP is unaffected. ANS: B DIF: 3 REF: 10-3 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Net exports MSC: Analytical
67. When an American household purchases a bottle of Italian wine for $100,
a. U.S. consumption does not change, U.S. net exports decrease by $100, and U.S. GDP
decreases by $100.
b. U.S. consumption does not change, U.S. net exports increase by $100, and U.S. GDP
increases by $100.
c. U.S. consumption increases by $100, U.S. net exports decrease by $100, and U.S. GDP
does not change.
d. U.S. consumption increases by $100, U.S. net exports do not change, and U.S. GDP
increases by $100.
ANS: C DIF: 3 REF: 10-3 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Net exports MSC: Analytical
? 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 ? 47
68. An American retailer purchased 100 pairs of shoes from a company in Denmark in the
second quarter of 2010 but does not sell them to a consumer until the third quarter of 2010. In which quarter(s) is (are) the value of the shoes included in U.S. GDP? 陷阱题，GDP不变
a. the second and third quarters
b. the second quarter but not the third quarter c. the third but not the second quarter d. neither the second nor the third quarter ANS: D DIF: 3 REF: 10-3 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Net exports MSC: Analytical
69. An American retailer purchased 100 pairs of shoes from a company in Denmark in the
second quarter of 2010 but does not sell them to a consumer until the third quarter of 2010. Which of the following components of U.S. GDP is affected by this transaction in the third quarter of 2010?
a. consumption, investment and imports b. only consumption and investment c. only consumption and imports d. only investment and imports ANS: B DIF: 3 REF: 10-3 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Net exports MSC: Analytical
70. The city of Ann Arbor Michigan buys a police car manufactured in Germany. In the GDP
accounts this transaction is included in
a. in government expenditures and exports. b. government expenditures and imports. c. exports, but not government expenditures. d. imports, but not government expenditures. ANS: B DIF: 3 REF: 10-3 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Net exports MSC: Analytical
71. When an Egyptian firm purchases a cement mixer from Slovakia,
a. Egyptian investment does not change, Egyptian net exports decrease, Egyptian GDP
decreases, Slovakian net exports increase, and Slovakian GDP increases.
b. Egyptian investment increases, Egyptian net exports decrease, Egyptian GDP is
unaffected, Slovakian net exports increase, and Slovakian GDP increases.
c. Egyptian investment decreases, Egyptian net exports increase, Egyptian GDP is
unaffected, Slovakian net exports decrease, and Slovakian GDP decreases.
d. Egyptian investment increases, Egyptian net exports do not change, Egyptian GDP
increases, Slovakian net exports do not change, and Slovakian GDP is unaffected.
ANS: B DIF: 3 REF: 10-3 NAT: Analytic
LOC: The study of economics and definitions in economics TOP: Investment | Net exports MSC: Analytical
? 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.
48 ? Chapter 23/Measuring a Nation's Income
72. The U.S. Air Force pays a Turkish citizen $30,000 to work on a U.S. base in Turkey. As a
result,
a. U.S. government purchases increase by $30,000; U.S. net exports decrease by $30,000;
and U.S. GDP is unaffected.
b. U.S. government purchases increase by $30,000; U.S. net exports are unaffected; and
U.S. GDP increases by $30,000.
c. U.S. government purchases, net exports, and GDP are unaffected.
d. U.S. government purchases are unaffected; U.S. net exports decrease by $30,000; and
U.S. GDP decreases by $30,000.
ANS: A DIF: 3 REF: 10-3 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Net exports MSC: Analytical
73. A Texas household receives a Social Security check for $500, which it uses to purchase a
$460 television made in Korea by a Korean firm and a $40 dinner at a local restaurant. As a result, U.S. GDP 用政府转移支付的钱来消费的结果 a. does not change. b. increases by $40. c. increases by $540. d. increases by $1000. ANS: B DIF: 3 REF: 10-3 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Net exports MSC: Analytical
74. An American soldier stationed in North Carolina receives a paycheck from the federal gov-ernment for $300, which she uses to purchase a $100 MP3 player made in China by a Chi-nese firm and $200 for fruit and vegetables from a local farmers market. As a result, U.S. GDP increases by a. $200. b. $300. c. $500. d. $600. ANS: A DIF: 3 REF: 10-3 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Government purchases | Net exports MSC: Analytical 75. In the economy of Ukzten in 2010, consumption was $1000, exports were $100, government
purchases were $450, imports were $150, and investment was $350. What was Ukzten’s GDP in 2010? a. $1750 b. $1850 c. $1900 d. $2050 ANS: A DIF: 2 REF: 10-3 NAT: Analytic LOC: The study of economics and definitions in economics TOP: GDP 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.