【单选题】
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Could the bad old days of economic decline be about to return Since OPEC、agreed to supply-cuts in March, the price of crude oil has jumped to almost $26 a barrel, up from less than $10 lastDecember. This near tripling of oil prices calls up scary memories of the 1973 oil shock, when prices quadrupled, and 1979—80, when they also almost triple
D、Both previous shocks resulted in double-digit inflation and global economic decline. So where are the headlines warning of gloom and doom this time
The oil price was given another push up this week when Iraq suspended oil exports. Strengthening economic growth, at the same time as winter grips the northern hemisphere, could push the price higher still in the short term.
Yet there are good reasons to expect the economic consequences now to be less severe than in the 1970s. In most countries the cost of crude oil now accounts for a smaller share of the price of petrol than it did in the 1970s. InEurope, taxes account for up to four-fifths of the retail price, so even quite big changes in the price of crude have a more muted effect on pump prices than in the past.
Rich economies are also less dependent on oil than they were, and so less sensitive to swings in the oil price.Energy conservation, a shift to other fuels and a decline in the importance of heavy, energy-intensive industries have reduced oil consumption. Software, consultancy and mobile telephones use far less oil than steel or car production. For each dollar of GDP (in constant prices) rich economies now use nearly 50% less oil than in 1973. The OEC
D、estimates in its latestEconomic Outlook that, if oil prices averaged $22 a barrel for a full year, compared with $13 in 1998, this would increase the oil import bill in rich economies by only 0.25—0.5% of GDP. That is less than one-quarter of the income loss in 1974 or 1980. On the other hand, oil—importing emerging economies—to which heavy industry has shifted—have become more energy—intensive, and so could be more seriously squeeze
D、
One more reason not to lose sleep over the rise in oil prices is that, unlike the rises in the 1970s, it has not occurred against the background of general commodity-price inflation and global excess deman
D、A、sizable portion of the world is only just emerging from economic decline. TheEconomist’s commodity price index is broadly unchanging from a year ago. In 1973 commodity prices jumped by 70%, and in 1979 by almost 30%.
The estimates inEconomic Outlook show that in rich countries______.A．heavy industry becomes more energy-intensive
B．income loss mainly results from fluctuating crude oil prices
C．manufacturing industry has been seriously squeezed
D、oil price changes have no significant impact on GDP
网考网参考答案：D
网考网解析：
细节题。本题问，《经济嘹望》上的估计表明富裕国家怎样。根据第四段结尾“在经济富足的国家里，石油进口开支增加的数额只是国内生产总值(GDP)的0.25%～0.5%，那还不到1974年或1980年收入损失的四分之一”，所以[D]“油价变化对国内生产总值(GDP)并没有重要影响”为正确答案。 document.getElementById("warp").style.display="none"; document.getElementById("content").style.display="block"; 查看试题解析出处>>
Could the bad old days of economic decline be about to return Since OPEC、agreed to supply-cuts in March, the price of crude oil has jumped to almost $26 a barrel, up from less than $10 lastDecember. This near tripling of oil prices calls up scary memories of the 1973 oil shock, when prices quadrupled, and 1979—80, when they also almost triple
D、Both previous shocks resulted in double-digit inflation and global economic decline. So where are the headlines warning of gloom and doom this time
The oil price was given another push up this week when Iraq suspended oil exports. Strengthening economic growth, at the same time as winter grips the northern hemisphere, could push the price higher still in the short term.
Yet there are good reasons to expect the economic consequences now to be less severe than in the 1970s. In most countries the cost of crude oil now accounts for a smaller share of the price of petrol than it did in the 1970s. InEurope, taxes account for up to four-fifths of the retail price, so even quite big changes in the price of crude have a more muted effect on pump prices than in the past.
Rich economies are also less dependent on oil than they were, and so less sensitive to swings in the oil price.Energy conservation, a shift to other fuels and a decline in the importance of heavy, energy-intensive industries have reduced oil consumption. Software, consultancy and mobile telephones use far less oil than steel or car production. For each dollar of GDP (in constant prices) rich economies now use nearly 50% less oil than in 1973. The OEC
D、estimates in its latestEconomic Outlook that, if oil prices averaged $22 a barrel for a full year, compared with $13 in 1998, this would increase the oil import bill in rich economies by only 0.25—0.5% of GDP. That is less than one-quarter of the income loss in 1974 or 1980. On the other hand, oil—importing emerging economies—to which heavy industry has shifted—have become more energy—intensive, and so could be more seriously squeeze
D、
One more reason not to lose sleep over the rise in oil prices is that, unlike the rises in the 1970s, it has not occurred against the background of general commodity-price inflation and global excess deman
D、A、sizable portion of the world is only just emerging from economic decline. TheEconomist’s commodity price index is broadly unchanging from a year ago. In 1973 commodity prices jumped by 70%, and in 1979 by almost 30%.
The estimates inEconomic Outlook show that in rich countries______.A．heavy industry becomes more energy-intensive
B．income loss mainly results from fluctuating crude oil prices
C．manufacturing industry has been seriously squeezed
D、oil price changes have no significant impact on GDP
网考网参考答案：D
网考网解析：
细节题。本题问，《经济嘹望》上的估计表明富裕国家怎样。根据第四段结尾“在经济富足的国家里，石油进口开支增加的数额只是国内生产总值(GDP)的0.25%～0.5%，那还不到1974年或1980年收入损失的四分之一”，所以[D]“油价变化对国内生产总值(GDP)并没有重要影响”为正确答案。 document.getElementById("warp").style.display="none"; document.getElementById("content").style.display="block"; 查看试题解析出处>>
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