Key to Exercises
Chapter 1
IV. Choose one of the four choices to best fit the sentence. 1.In measuring GDP，goods produced by foreign firms in the host country are counted.
2.GDP is counted using two methouds:one which counts all the ways people earn money and another which counts all the ways people spend.
4.What does GDP consist of ?
Personal consumption ,investment ,and government purchases. 5.The Consumer Price Index could most closely be associated with a measure of the price level . 6.B 7.D 8.C 9.D
V. Please translate the following sentences into Chinese. 1. GDP稳定增长表明经济健康发展；而GPD下滑预示经济出现问题；GDP大幅下降则意味着经济进入衰退期。 2. GDP不能从长远的角度反映经济的发展潜力，尤其是对于资源出口型经济的第三世界国家。
3. 从另一个重要角度来说，GDP并不是衡量可持续性收入的好标准。
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4. GDP 忽略了非市场交易的活动，不管这些活动对社会多
么有益。
5. 货币有时被称为“通用商品”，因为它可以和任何其它商品进行交换。
6. 现金和活期账户上的钱没有什么区别。
7. 银行创造的货币量取决于存款的总量以及法定存款准备
金的比率。
8. 如果联邦储备局想增加货币供应量，它必须提高银行的存款准备金率。
Case study (reference answer)
1. What is the relationship between economic development and environmental protection?
There is a link among environmental conditions, quality of life and economic growth. Economic growth needs natural resources, but it can not be pursued at the cost of environmental damage. Environmental protection is crucial to social welfare and sustainable economic development.
2. As a developing country, how can China coordinate economic growth and environmental protection?
It is not enough to rely on the enterprises’ self-consciousness
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to protect the environment since they are profit-driven. The government should shoulder the major responsibility of regulating and supervising environmental protection. Laws and regulations concerning environmental protection and anti-pollution should be formulated and enforced without delay.
3. How to reasonably utilize natural resources when China carries out its sustainable development plan?
The most important thing is to develop long-term plans for utilizing resources and protecting environment. Short-term economic growth does not mean sustainable development. When utilizing natural resources, the government should take measures to supplement natural resources, such as forestation and water conservancy. Energy-saving industry and the application of environment-friendly technologies and techniques should be encouraged and promoted.
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