Test Bank for Macroeconomics, 9th Edition by Olivier Blanchard
138 views 3 purchases
Course
Macroeconomics
Institution
Macroeconomics
Test Bank for Macroeconomics 9e 9th Edition by Olivier Blanchard. Full Chapters test bank are included with answers (Chapter 1 to 24 Plus Appendix 1,2,3).
The Goods Market
Financial Markets I
Goods and Financial Markets; The IS-LM Model
Financial Markets II
PART 3: THE MEDIUM RUN
The Labor ...
Test Bank for Macroeconomics, 9th Edition by Olivier Blanchard
Complete Chapters ✅
Macroeconomics, 9e (Blanchard)
Appendix 1: An Introduction to the National Income and Product Accounts
Multiple Choice Questions
1) If GDP exceeds GNP, we know with certainty that ________.
A) a budget deficit exists
B) a trade surplus exists
C) a trade deficit exists
D) receipts of factor income from the rest of the world exceed payments of factor income to the
rest of the world
Answer: D
AACSB: Application of knowledge
Status: 8e question
2) If GDP is less than GNP, we know with certainty that ________.
A) a budget deficit exists
B) a trade surplus exists
C) a trade deficit exists
D) none of these
Answer: D
AACSB: Application of knowledge
Status: 8e question
3) Net national product (NNP) is equal to ________.
A) personal income minus taxes
B) GNP minus consumption of fixed capital
C) GDP plus consumption of fixed capital
D) national income plus consumption of fixed capital
Answer: B
AACSB: Application of knowledge
Status: 8e question
4) Which of the following is not a component of consumption?
A) nondurable goods
B) purchase of a new condominium
C) education expenses
D) none of these
Answer: B
AACSB: Application of knowledge
Status: 8e question
1
,5) Changes in business inventories will be positive when ________.
A) production exceeds sales
B) production is less than sales
C) a trade surplus exists
D) a budget surplus exists
Answer: A
AACSB: Application of knowledge
Status: 8e question
6) Suppose exports are greater than imports. Given this information, we know with certainty that
________.
A) a trade surplus exists
B) GNP > GDP
C) GNP < GDP
D) the change in business inventories is positive
Answer: A
AACSB: Application of knowledge
Status: 8e question
7) Which of the following is not included in National Income?
A) indirect taxes
B) wages and salaries
C) net interest
D) rental income of persons
Answer: A
AACSB: Application of knowledge
Status: 8e question
8) Which of the following is included in National Income?
A) indirect taxes
B) consumption of fixed capital
C) proprietors' income
D) all of these
Answer: C
AACSB: Application of knowledge
Status: 8e question
9) Which of the following is not included in investment?
A) the purchase of new equipment by firms
B) nondurable goods
C) the purchase of a new home
D) none of these
Answer: B
AACSB: Application of knowledge
Status: 8e question
2
,10) If GDP is more than GNP, we know with certainty that ________.
A) a budget deficit exists
B) a trade surplus exists
C) a trade deficit exists
D) none of these
Answer: D
AACSB: Application of knowledge
Status: 8e question
11) Changes in business inventories will be negative when ________.
A) production exceeds sales
B) production is less than sales
C) a trade surplus exists
D) a budget surplus exists
Answer: B
AACSB: Application of knowledge
Status: 8e question
12) Suppose exports are less than imports. Given this information, we know with certainty that
________.
A) a trade deficit exists
B) GNP > GDP
C) GNP < GDP
D) the change in business inventories is positive
Answer: A
AACSB: Application of knowledge
Status: 8e question
3
, Macroeconomics, 9e (Blanchard)
Appendix 2: A Math Refresher
Multiple Choice Questions
1) A linear relation Y=X is represented by ________.
A) the 45 degree line
B) X axis
C) Y axis
D) a ray
Answer: A
AACSB: Analytical thinking
Status: 8e question
2) In the linear consumption function C= c0 + c1YD, which of the following is not correct?
A) c1 is marginal propensity to consume
B) YD is disposable income
C) c1 is the intercept
D) c1 is the slope
Answer: C
AACSB: Analytical thinking
Status: 8e question
3) Which of the following is not correct?
A) GDP grows at a constant rate every year.
B) A recession may lead to a few years of negative GDP growth.
C) The evolution of GDP would be better represented by using a logarithmic scale.
D) The Great Depression was not associated with a permanently lower level of output.
Answer: A
AACSB: Analytical thinking
Status: 8e question
4) In the linear consumption function C= c0 + c1YD, which of the following is correct?
A) c1 is marginal propensity to consume
B) YD is real GDP
C) c1 is the intercept
D) c0 is the slope
Answer: A
AACSB: Analytical thinking
Status: 8e question
1
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Tutor247. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $29.49. You're not tied to anything after your purchase.
