±±´ó³ö°æÉç - ÂüÀ¥ - ºê¹Û¾­¼Ãѧ - µÚÁù°æ - ×îÐÂÈ«Ó¢Ìâ¿â - Óд𰸠- 23ÕÂ

Chapter 23 /Measuring a Nation's Income ? 29

96. National income¹úÃñÊÕÈë differs from ¹úÃñÉú²ú¾»Öµnet national income because £¨P9

ͳ¼ÆÎó²î£©

a. it includes profits of corporations. b. of a statistical discrepancy. c. it includes transfer payments. d. it excludes depreciation. ANS: B DIF: 2 REF: 10-2 NAT: Analytic

LOC: The study of economics and definitions in economics TOP: National income MSC: Interpretive

97. The income that households and noncorporate businesses receive is called

a. personal income. b. net national product.

c. disposable personal income.¿ÉÖ§ÅäÊÕÈë d. national income. ANS: A DIF: 1 REF: 10-2 NAT: Analytic

LOC: The study of economics and definitions in economics TOP: Personal income MSC: Definitional

98. Unlike national income, personal income£¨¸öÈËÊÕÈë²»°üÀ¨Áô´æÊÕÒ桢Ӫҵ˰¡¢¹«Ë¾ËùµÃ

Ë°¡¢É籣˰£¬µ«°üÀ¨Ö¤È¯ÀûÏ¢¡¢Õþ¸®×ªÒÆÖ§¸¶¸øµÄÊÕÈë¡¢¸£ÀûµÈP9£©

a. includes retained earnings, indirect business taxes, corporate income taxes and social

insurance contributions, and excludes interest and transfer payments received by households from the government.

b. excludes retained earnings, indirect business taxes corporate income taxes, social

insurance contributions and interest and transfer payments received by households from the government.

c. excludes retained earnings, indirect business taxes, corporate income taxes and social

insurance contributions, and includes interest and transfer payments received by households from the government.

d. includes retained earnings, indirect business taxes, corporate income taxes, social

insurance contributions, and interest and transfer payments received by households from the government.

ANS: C DIF: 2 REF: 10-2 NAT: Analytic

LOC: The study of economics and definitions in economics TOP: Personal income MSC: Interpretive

99. Retained earnings Áô´æÊÕÒæµÄ¶¨Òåis income that

a. households retain after paying taxes. b. businesses retain after paying taxes.

c. corporations have earned but have not used to invest in plant, equipment, and

inventories.

d. corporations have earned but have not paid out to their owners. ANS: D DIF: 1 REF: 10-2 NAT: Analytic

LOC: The study of economics and definitions in economics TOP: Retained earnings MSC: Definitional

? 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.

30 ? Chapter 23/Measuring a Nation's Income

100. Disposable personal income is the income that

a. households have left after paying taxes and non-tax payments to the government. b. businesses have left after paying taxes and non-tax payments to the government. c. households and noncorporate businesses have left after paying taxes and non-tax

payments to the government.

d. households and businesses have left after paying taxes and non-tax payments to the

government.

ANS: C DIF: 1 REF: 10-2 NAT: Analytic

LOC: The study of economics and definitions in economics TOP: Disposable personal income

MSC: Definitional

101. Disposable income is

a. the total income earned by a nation¡¯s permanent residents.

b. the total income earned by a nation¡¯s residents in the production of good and services. c. the income that households and non-corporate businesses receive.

d. the income that households and businesses have remaining after satisfying their

obligations to the government.

ANS: D DIF: 2 REF: 10-2 NAT: Analytic

LOC: The study of economics and definitions in economics TOP: Disposable income MSC: Interpretive

Table 10-1

The table below contains data for Bahkan for the year 2010. GDP Income earned by citizens abroad ³ö¹ú¹«ÃñµÄÊÕÈë Income foreigners earn here Íâ¹úÓÑÈ˵ÄÊÕÈë Losses from depreciation ÕÛ¾É Indirect business taxes ¼ä½ÓӪҵ˰ Statistical discrepancy ͳ¼ÆÎó²î Retained earnings Áô´æÊÕÒæ Corporate income taxes ¹«Ë¾ËùµÃË° Social insurance contributions Éç±£ Interest paid to households by government Õþ¸®¸£Àû Transfer payments to households from government Õþ¸®×ªÒÆÖ§¸¶ Personal taxes ¸öÈËËùµÃË° Nontax payments to government ÆäËû·ÇË°Ö§³ö $110 $5 $15 $4 $6 $0 $5 $6 $10 $5 $15 $30 $5 102. Refer to Table 10-1. The market value of all final goods and services produced within

Bahkan in 2010 is a. $95. b. $100.

c. $110.£¨GDP£© d. $120. ANS: C DIF: 2 REF: 10-2 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.

Chapter 23 /Measuring a Nation's Income ? 31

103. Refer to Table 10-1. Gross national product for Bahkan in 2010 is

a. $95.

b. $100.£¨GDP-15+5£© c. $110. d. $115. ANS: B DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: NNP MSC: Applicative

104. Refer to Table 10-1. Net national product for Bahkan in 2010 is

a. $96(100-4ÕÛ¾É) b. $104 c. $106 d. $116 ANS: A DIF: 2 REF: 10-2 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Depreciation MSC: Applicative

105. Refer to Table 10-1. Personal income for Bahkan in 2010 is

a. $87.

b. $89.£¨100-6Áô´æÊÕÒæ-5¹«Ë¾ËùµÃË°£© c. $103. d. $105. ANS: B DIF: 3 REF: 10-2 NAT: Analytic

LOC: The study of economics and definitions in economics TOP: Income measures MSC: Applicative

106. Refer to Table 10-1. Disposable personal income for Bahkan in 2010 is

a. $37. b. $44.

c. $54.£¨89-¸öÈËËùµÃË°30-ÆäËûË°5£© d. $63. ANS: C DIF: 3 REF: 10-2 NAT: Analytic

LOC: The study of economics and definitions in economics TOP: Income measures MSC: Applicative

107. For monitoring fluctuations in the national economy, which measure of income is best?

a. GDP b. GNP c. NNP

d. It does not matter very much which measure we use.£¨Ç°ÃæÓÖ˵GDPÊÇsingle best£© ANS: D DIF: 2 REF: 10-2 NAT: Analytic

LOC: The study of economics and definitions in economics TOP: Economic fluctuations MSC: Interpretive

? 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.

32 ? Chapter 23/Measuring a Nation's Income THE COMPONENTS OF GDP

1. In the equation Y = C + I + G + NX,

a. Y represents the economy¡¯s total expenditure.

b. C represents household expenditures on services and durable goods. c. all of the variables are always positive numbers.£¨ÕýÊý£© d. All of the above are correct. ANS: A DIF: 2 REF: 10-3 NAT: Analytic

LOC: The study of economics and definitions in economics TOP: Expenditures identity MSC: Interpretive

2. GDP is equal to

a. the market value of all final goods and services produced within a country in a given

period of time. b. Y.

c. C + I + G + NX.

d. All of the above are correct. ANS: D DIF: 2 REF: 10-3 NAT: Analytic

LOC: The study of economics and definitions in economics TOP: Expenditures identity MSC: Interpretive

3. An identity is an equation that

a. describes an equilibrium.

b. pertains to macroeconomics, not to microeconomics.

c. must be true because of how the variables in the equation are defined. d. involves final goods, not intermediate goods. ANS: C DIF: 1 REF: 10-3 NAT: Analytic

LOC: The study of economics and definitions in economics TOP: Expenditures identity MSC: Definitional

4. The consumption component of GDP includes spending on

a. DurableÄÍÓÃµÄ goods and nondurable goods, but not spending on services. b. durable goods and services, but not spending on nondurable goods. c. nondurable goods and services, but not spending on durable goods. d. durable goods, nondurable goods, and services. ANS: D DIF: 2 REF: 10-3 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Consumption MSC: Interpretive

5. Consumption consists of spending by households on goods and services, with the exception

of

a. purchases of intangible services. b. purchases of durable goods. c. purchases of new houses. d. spending on education. ANS: C DIF: 2 REF: 10-3 NAT: Analytic LOC: The study of economics and definitions in economics TOP: Consumption MSC: Interpretive

? 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.