中级宏观经济学试题英文3.docxVIP

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CHAPTER3

GROWTHANDACCUMULATION

Difficulty:Easy

1. Growthaccountingexplains

A) howeconomicdecisionscontroltheaccumulationofcapital

B) howthecurrentsavingsrateaffectsthestockofcapitalinthefuture

C) whatpartofgrowthintotaloutputisduetogrowthindifferentfactorsofproduction

D) alloftheabove

E) onlyA)andB)

Ans:C

Difficulty:Easy

2. Therelationshipbetweentheoutputproducedinaneconomy,theinputoffactorsofproduction,andthestateoftechnologicalknowledgeiscalledthe

A) theaggregatesupplyfunction

B) aggregateproductionfunction

C) aggregateinvestmentfunction

D) marginalproductoflabor

E) marginalproductofcapital

Ans:B

Difficulty:Medium

3. GiventheproductionfunctionY=AF(K,N)andassumingconstantreturnstoscale,thecontributionofcapitaltooutputgrowthcanbeestimatedby

A) addingthegrowthrateofcapitaltothetermA

B) multiplyingthegrowthrateofcapitalbycapitalsshareinproduction

C) subtractingthegrowthrateoflaborfromtherateoftechnologicaladvancement

D) multiplyingthecapital-laborratiobythelevelofoutput

E) multiplyingtotalfactorproductivitywithcapital’sshareinproduction

Ans:B

Difficulty:Easy

4. FortheU.S.economy,wecanassumethat

A) outputgrowsatthesamerateasbothcapitalandlabor

B) capitalisalargersourceofgrowththanlabor

C) laborisalargersourceofgrowththancapital

D) capitalandlaborbothcontributeequallytooutputgrowth

E) bothA)andD)

Ans:C

Difficulty:Easy

5. WhichofthefollowingisNOTasourceoflong-termoutputgrowth?

A) growthinconsumptionexpenditures

B) growthinlaborinputs

C) growthincapitalinputs

D) improvedtechnologicalefficiency

E) growthinthestockofknowledge

Ans:A

Difficulty:Medium

6. WhichofthefollowingisNOTasourceofincreasedfactorproductivity?

A) advancesinknowledge

B) growth