中级宏观经济学1试题.docVIP

Final（A） Name： Class： St. No.： Score： Ⅰ. Choose the est Answer for Each Question. (2′×30) （ ）1. Which of the following is not included in GDP? A. The salary paid to a federal judge B. The value of housing services enjoyed by homeowners C. The value of automobile services enjoyed by car owners D. The value-added of a shipping company that transports goods from the factory to retail stores （ ）2. The consumer price index (CPI) A. measures the price of a fixed basket of goods and services. B. measures the price of a basket of goods and services that constantly changes as the composition of consumer spending changes. C. measures the amount of money that it takes to produce a fixed level of utility. D. is one of the many statistics in the National Income Accounts. （ ）3. Suppose that a consumer has a marginal propensity to consume of 0.8. If this consumer receives and extra $2 of disposable income, her saving would be expected to increase by A. $0.40. B. $0.80. C. $1.20. D. $1.60. （ ）4. Choose the pair of words that best completes this sentence: Investment depends on the ________ interest rate because higher inflation will ________ the value of the dollars with which the firm will repay the loan. A. ?real, increase B. ?nominal, increase C. ?real, decrease D. ?nominal, decrease （ ）5. Consider an economy where the only goods traded are coconuts and pineapples. Last year, 100 coconuts were sold at $1 a piece, and 200 pineapples were sold at $2.50 a piece. If the money supply was $100, what was velocity? A. 30 B. 15 C. 6 D. 5 （ ）6. When the government raises revenue by printing money, it imposes an inflation tax because the A. real value of money holdings falls. B. interest rate falls. C. difference between nominal and real interest rates becomes smaller. D. nominal value of money holdings falls. （ ）7. In a small open economy, which interest rate equals the world interest rate? A. The real interest rate B. The nominal interest rate C. Bot