中级宏观经济学付费版题库19经济波动理论的进展.pdf

Name: __________________________ Date: _____________ 1. When a government spends more than it collects in taxes, it runs a: A) trade deficit. B) trade surplus. C) budget surplus. D) budget deficit. 2. Government debt equals the: A) difference between current government purchases and taxes. B) difference between saving and investment. C) sum of past budget deficits and surpluses. D) M1 money supply. 3. The amount by which government spending exceeds government revenues is called the ______, and the accumulation of past government borrowing is called the ______. A) deficit; debt B) debt; deficit C) devaluation; deflation D) deflation; devaluation 4. The government budget deficit is the ______, and government debt is the ______. A) amount by which imports exceed exports; amount by which government spending exceeds government revenue B) amount by which government spending exceeds government revenue; amount by which imports exceed exports C) amount by which government spending exceeds government revenue; accumulation of past government borrowing D) accumulation of past government borrowing; amount by which government spending exceeds government revenue 5. If the debt of the U.S. federal government in 2008 was divided equally among the people in the United States, then the debt per person would equal approximately: A) $3,500. B) $35,000. C) $53,000. D) $153,000. 6. Compared to the size of government debt as a percentage of GDP in other major industrial countries, the federal government of the United States: A) is one of the most heavily indebted governments. B) has accumulated a relatively s