题目内容

Suppose GDP consists of wheat and rice. In 2005, 20 bushels of wheat are sold at $4 per bushel, and 10 bushels of rice are sold at $2 per bushel. In 2004, the price of wheat was $2 per bushel and the price of rice was $1 per bushel. Using 2004 as the base year, it follows that, for 2005, ()

A. nominal GDP is $100, real GDP is $50, and the GDP deflator is 50.
B. nominal GDP is $50, real GDP is $100, and the GDP deflator is 200.
C. nominal GDP is $100, real GDP is $50, and the GDP deflator is 200.
D. nominal GDP is $40, real GDP is $100, and the GDP deflator is 50.

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Laura bought word-processing software in 2005 for $50. Laura's twin brother, Laurence, buys an upgrade of the same software in 2006 for $50. What problem in the construction of the CPI does this situation best represent? ()

A. substitution bias
B. unmeasured quality change
C. introduction of new goods
D. income bias

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Samantha goes to the grocery store to make her monthly purchase of ginger ale. As she enters the soft drink section, she notices that the price of ginger ale has increased 15 percent, so she decides to buy some peppermint tea instead. To which problem in the construction of the CPI is this situation most relevant? ()

A. substitution bias
B. introduction of new goods
C. unmeasured quality change
D. income effect

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The price of imported olives produced by a U.S. company operating in Spain increases. By itself, what effect will this price increase have on the GDP deflator and on the CPI in the U.S.? ()

A. The GDP deflator and the CPI will both increase.
B. The GDP deflator will increase and the CPI will be unaffected.
C. The GDP deflator and the CPI will both be unaffected.
D. The GDP deflator will be unaffected and the CPI will increase.

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Ingrid took a university teaching job as an assistant professor in 1974 at a salary of $10,000. By 2003, she had been promoted to full professor, with a salary of $50,000. If the price index in 1974 was 50 and the price index in 2003 was 180, what is Ingrid's 2003 salary in 1974 dollars? ()

A. $13,889
B. $18,000
C. $26,000
D. $36,000

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Suppose GDP consists of wheat and rice. In 2005, 20 bushels of wheat are sold at $4 per bushel, and 10 bushels of rice are sold at $2 per bushel. In 2004, the price of wheat was $2 per bushel and the price of rice was $1 per bushel. Using 2004 as the base year, it follows that, for 2005, ()

A. nominal GDP is $100, real GDP is $50, and the GDP deflator is 50. B. nominal GDP is $50, real GDP is $100, and the GDP deflator is 200. C. nominal GDP is $100, real GDP is $50, and the GDP deflator is 200. D. nominal GDP is $40, real GDP is $100, and the GDP deflator is 50.

Laura bought word-processing software in 2005 for $50. Laura's twin brother, Laurence, buys an upgrade of the same software in 2006 for $50. What problem in the construction of the CPI does this situation best represent? ()

The price of imported olives produced by a U.S. company operating in Spain increases. By itself, what effect will this price increase have on the GDP deflator and on the CPI in the U.S.? ()

Ingrid took a university teaching job as an assistant professor in 1974 at a salary of $10,000. By 2003, she had been promoted to full professor, with a salary of $50,000. If the price index in 1974 was 50 and the price index in 2003 was 180, what is Ingrid's 2003 salary in 1974 dollars? ()

A. nominal GDP is $100, real GDP is $50, and the GDP deflator is 50.
B. nominal GDP is $50, real GDP is $100, and the GDP deflator is 200.
C. nominal GDP is $100, real GDP is $50, and the GDP deflator is 200.
D. nominal GDP is $40, real GDP is $100, and the GDP deflator is 50.