曼昆宏观经济学英语课后题答案.doc

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1、CHAPTER23:MEASURINGANATION’SINCOMETrue/FalseIndicatewhetherthestatementistrueorfalse.   1. Thecircularflowdiagramdescribesalltransactionsbetweenhouseholdsandfirmsinasimpleeconomyandshowstheequalityofexpendituresandincome.ANSWER: TPOINTS: 0/1   2. Grossdomesticproductincludesmostitemsprodu

2、cedandsoldillicitly.ANSWER: FPOINTS: 0/1   3. Netnationalproductisthetotalincomeofanation’sresidentsminuslossesfromdepreciation.ANSWER: TPOINTS: 0/1  4. Disposablepersonalincomeistheincomethathouseholdsandunincorporatedbusinesshaveleftaftersatisfyingalltheirobligationstothegovernment.Iteq

3、ualspersonalincomeminuspersonaltaxesandcertainnon-taxpaymentstogovernment.ANSWER: TPOINTS: 0/1   5. ThepurchaseofnewhousesbyhouseholdsisincludedinthecalculationofpersonalconsumptionexpendituresofGDP.ANSWER: FPOINTS: 0/1 MultipleChoiceIdentifythechoicethatbestcompletesthestatementoranswers

4、thequestion.  1. WhenGDPfalls,a.incomeandexpendituremustbothfall.b.incomeandexpenditurecanbothrise.c.incomemustfall,butexpendituremayriseorfall.d.expendituremustfall,butincomemayriseorfall.ANSWER: APOINTS: 0/1  2. Incomeequalsexpenditurebecausea.firmsalwayspayoutalltheirrevenueasincometos

5、omeone.b.eachtimeasaleismade,thereisabuyerandaseller.c.householdsownthefactorsofproductionusedtogenerateincomes.d.Alloftheabovearecorrect.ANSWER: BPOINTS: 0/1  3. Ifaprovincemakestheproductionandsaleofillicitdrugslegal,thenGDPa.mustincrease.b.mustdecrease.c.wouldn'tchange.d.mayincreaseord

6、ecrease.ANSWER: APOINTS: 0/1  4. Whenagovernmentprovidessubsidiestoencouragegrowthofsmallbusinesses,thesubsidieswoulda.beincludedinGDPbecausetheyareinvestedbybusinesses.b.beincludedinGDPbecausetheyareaformofgovernmentspending.c.notbeincludedinGDPbecausetheyaretransferpayments.d.mayormayno

7、tbeincludedinGDP,dependingonhowthefundsareused.ANSWER: CPOINTS: 0/1  5. Dieselfuelisa.alwaysconsideredafinalgood.b.countedasanintermediategoodifacompanyusesittoprovidetransportationservices.c.countedasafinalgoodifafarmerusesittorunatractortogrowcrops.d.Bothbandcarec