16 ? Chapter 23/Measuring a Nation's Income
29.A farmer sells $50,000 of apples to individuals who take them home to eat
and $75,000 of apples to a company that uses them all to produce cider. How much of the farmer’s sales will be included as apples in GDP?a.$0
b.$50,000c.$75,000d.$125,000ANS:BDIF:2REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP:Intermediate goods
MSC:Applicative
30.Sam, an American citizen, prepares meals for his family at home. Ellen,
a Canadian citizen, commutes to the U.S. to help prepare meals at a
restaurant in Idaho. Whose value of services preparing meals is included in U.S. GDP?
a.Sam’s and Ellen’s.b.Sam’s but not Ellen’s.c.Ellen’s but not Sam’s.d.Nether Sam’s nor Ellen’s.ANS:CDIF:2REF:10-2NAT:AnalyticLOC:The study of economics and definitions in economicsTOP:Domestic production | Household choresMSC:Interpretive31.Grapes are considered intermediate goods
a.whether the purchaser uses them to make wine to sell or eats them.b.if the purchaser uses them to make wine to sell others but not if the
purchaser eats them.
c.if the purchaser eats them, but not if the purchaser uses to them to
make wine to sell.
d.None of the above is correct.ANS:BDIF:2REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP:Intermediate goods
MSC:Interpretive
32.Gasoline is considered a final good if it is sold by a
a.gasoline station to a bus company that operates a bus route between San
Francisco and Los Angeles.
b.pipeline operator to a gasoline station in San Francisco.c.gasoline station to a motorist in Los Angeles.d.All of the above are correct.ANS:CDIF:2REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP:Intermediate goods
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.
范文范例 学习参考
33.A steel company sells some steel to a bicycle company for $150. The
bicycle company uses the steel to produce a bicycle, which it sells for $250. Taken together, these two transactions contribute a.$150 to GDP.b.$250 to GDP.
c.between $250 and $400 to GDP, depending on the profit earned by the
bicycle company when it sold the bicycle.d.$400 to GDP.ANS:BDIF:2REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP:Intermediate goods
MSC:Applicative
34.Al’s Aluminum Company sells $1 million worth of aluminum to Shiny Foil
Company, which uses the aluminum to make aluminum foil. Shiny Foil Company sells $4 million worth of aluminum foil to households. The transactions just described contribute how much to GDP?a.$1 millionb.$3 millionc.$4 million d.$5 millionANS:CDIF:2REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP: Intermediate goods
MSC:Applicative
35.One bag of flour is sold for $1.00 to a bakery, which uses the flour to
bake bread that is sold for $3.00 to consumers. A second bag of flour is sold for $1 to a grocery store who sells it to a consumer for $2.00. Taking these four transactions into account, what is the effect on GDP?a.GDP increases by $3.00.b.GDP increases by $5.00.c.GDP increases by $6.00.d.GDP increases by $7.00.ANS:BDIF:3REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP:Intermediate goods
MSC:Analytical
精品资料整理
18 ? Chapter 23/Measuring a Nation's Income
36.One bag of oranges is sold for $6.00 to a company that turns them into
juice which is sold to consumers for $12.00. Another bag of oranges is purchased by a grocery store for $6.00 who then sells it to a consumer for $7. Taking these four transactions into account, how much is added to GDP?a.$31b.$25c.$19
d.None of the above is correct.ANS:CDIF:3REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP: Intermediate goods
MSC:Analytical
37.A painter pays $500 for paint he uses to repaint a house. He then presents
a bill for $1200 that covers his time and expenses to the homeowner. How much do these transactions add to GDP?a.$500b.$700c.$1200d.$1700ANS:CDIF:2REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP: Intermediate goods
MSC:Applicative
38.Bountiful Harvest Bakery buys $4.00 of flour from Grinkers’ Mill and uses
the flour to make bread sold to the public for $12.00. Taking these two transactions into account, what is the effect on GDP?a.GDP increases by $4.00b.GDP increases by $8.00c.GDP increases by $12.00d.GDP increases by $16.00ANS:CDIF:2REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP:Intermediate goods
MSC:Analytical
? 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.
范文范例 学习参考
39.Janet bought flour and used it to bake bread she ate. ABC Bakery bought
flour which it used to bake bread that customers purchased. In which case will the flour be counted as a final good?a.Janet’s purchase and ABC Bakery’s purchase.b.ABC Bakery’s purchase but not Janet’s purchase.
c.Janet’s purchase but not ABC Bakery’s purchase.（自己做面包吃时面粉不
是中间产物？
d.Neither Janet’s purchase nor ABC Bakery’s purchase.ANS:CDIF:2REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP:Intermediate goods
MSC:Interpretive
40.Tim mows the yard for his neighbors. He spends $1 on gas and charges them
$20 for each lawn he mows. What’s the total contribution to GDP each time Tim mows a yard?a.$1b.$19
c.$20（交通费也是中间产物d.$21ANS:CDIF:2REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP:Intermediate goods
MSC:Applicative
41.Suppose there are only two firms in an economy: Cowhide, Inc. produces
leather and sells it to Couches, Inc., which produces and sells leather furniture. With each $1,000 of leather that it buys from Cowhide, Inc., Couches, Inc. produces a couch and sells it for $3,000. Neither firm had any inventory at the beginning of 2009. During that year, Cowhide
produced enough leather for 20 couches. Couches, Inc. bought 80% of that leather for $16,000 and promised to buy the remaining 20% for $4,000 in 2010. Couches, Inc. produced 16 couches during 2009 and sold each one during that year for $3,000. What was the economy's GDP for 2009?a.$48,000
b.$52,000（关键不是承诺买不买，而是生产这么多卖不出去算投资c.$64,000d.$68,000ANS:BDIF:3REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP: Intermediate goods
MSC:Analytical
42.Suppose there are only two firms in an economy: Rolling Rawhide produces
rawhide and sells it to Chewy Chomp, Inc., which uses the rawhide to produce and sell dog chews. With each $2 of rawhide that it buys from
精品资料整理
20 ? Chapter 23/Measuring a Nation's Income
Rolling Rawhide, Chewy Chomp, Inc. produces a dog chew and sells it for $5. Neither firm had any inventory at the beginning of 2008. During that year, Rolling Rawhide produced enough rawhide for 1000 dog chews. Chewy Chomp, Inc. bought 75% of that rawhide for $1500 and promised to buy the remaining 25% for $500 in 2009. Chewy Chomp, Inc. produced 750 dog chews during 2008 and sold each one during that year for $5. What was the economy's GDP for 2008?a.$3750
b.$4250(500+750*5)c.$5250d.$5750ANS:BDIF:3REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP: Intermediate goods
MSC:Analytical
43.In 2009, Corny Company grows and sells $2 million worth of corn to Tasty
Cereal Company, which makes corn flakes. Tasty Cereal Company produces $6 million worth of corn flakes in 2009, with sales to households during the year of $4.5 million. The unsold $1.5 million worth of corn flakes remains in Tasty Cereal Company’s inventory at the end of 2009. The transactions just described contribute how much to GDP for 2009?a.$4.5 million
b.$6 million(卖不出去的算投资c.$6.5 milliond.$8 millionANS:BDIF:3REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP:Intermediate goods
MSC:Analytical
44.Whip-It manufactures blenders. In 2009 it had $50,000 of blenders in
inventory. In 2010 it sold $300,000 of blenders to consumers and had $40,000 of blenders in inventory. How much did blenders produced by Whip-it add to GDP in 2010?a.$340,000b.$310,000c.$300,000
d.$290,000(30,0000-50,000+40,000ANS:DDIF:2REF:10-2NAT:Analytic
LOC:The study of economics and definitions in economicsTOP:Intermediate goods
MSC:Analytical
? 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.
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