What is the difference between foreign sales revenues and foreign purchase expenses called? A) Export B) Budget deficit C) Current Account Deficit D) foreign trade deficit E) Net exports
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31 - What is the difference between foreign sales revenues and foreign purchase expenses called?
A) Export
B) Budget deficit
C) Current Account Deficit
D) foreign
E) Net exports
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- 11- Earnings such as wages, interests and dividends by residents who are living in other countries are called _____________. a. Domestic Output b. Factor income from abroad c. Price level d. Domestic product16- Which one of these will be deducted from gross output to determine the net output? a. Intermediate consumption b. Private income c. Factor income from abroad d. Total government spending1. An increase in the budget deficit is the result of: (a) Expansionary monetary policy; (b) Contractionary monetary policy; (c) Expansionary fiscal policy; (d) Contractionary fiscal policy. 2. Company tax is a: (a) Progressive, direct tax; (b) Progressive, indirect tax; (c) Proportional direct tax; (d) Regressive indirect tax. 3. In the base year, a country produced 50 units of output at a price of R6,00 each for a nominal GDP of R300. This year it produces 60 units of output at a price of R8,00 each. What is the percentage change in real GDP since the base year?(a) 5%; (b) 10%; (c) 20%; (d) 15%. 4. Which of the following statements about Fiscal Policy is INCORRECT?(a) In order to combat inflation, the South African Reserve Bank must apply a contractionary fiscal policy;(b) A contractionary fiscal policy can result in higher levels of unemployment; (c) Expansionary fiscal policy will increase the budget deficit; (d) The application of fiscal policy will have no effect on…
- 19 Earnings such as wages, interests and dividends by residents who are living in other countries are called _____________. a. Domestic product b. Factor income from abroad c. Price level d. Domestic OutputPI= NI-retained corporate profits + net transfer payments - indirect tax National income: 19,786Less:Corporate profits with inventory valuation and capital consumptionadjustments -2,771Taxes on production and imports less subsidies -1,182Contributions for government social insurance, domestic -1,541Net interest and miscellaneous payments on assets -644Plus: Personal income receipts on assets 3,202Plus: Personal current transfer receipts 4,617 Personal income equals : ?Qs 4: What is the meaning of the term ‘tax expenditure’?
- 27- : “The document showing the income and expenses of the state together is called X.” In his statement, which of the following is most appropriate for X? a) Budget B) national income NS) national income per capita D) Marginal revenue TO) purchasing power paritySuppose a country has an overall balance of trade so that exports of goods and services equal imports of goods and services. Does that imply that the country has balanced trade with each of its trading partners?Describe some buyers and some sellers in the market for U.S. dollars.
- 7- The__________refers to the sum of all current incomes received by the individuals or households from all sources within the domestic territory of a country during an accounting year. a. National income b. Private income c. Personal income d. Passive income(11) The fiscal balance is the difference between exports and imports. government expenditure and revenue. production and consumption. savings and investment. lending and borrowing. (12) What is the effect of a fall in domestic savings on the rate of interest and the level of investment? Neither the interest rate nor the level of investment change. The interest rate rises and the level of investment falls. The interest rate and the level of investment both fall. The interest rate and the level of investment both rise. The interest rate falls and the level of investment rises. (13) The real exchange rate is defined as the amount of (local, foreign) (currency, products) required to exchange for a given amount of (local, foreign) (currency, products). local currency; foreign currency. foreign currency; local currency. local products; foreign currency. local products; foreign products. local currency; foreign products. (10) Over the last two decades, nominal salaries in Jamaica…transfer payments 355 Indirect taxes 315 Wages 2335 social security deductions 125 personal taxes (direct taxes ) 410 Imports 350 Rent 250 income of foreigners inside Jordan 450 Exports 145 retained (undistributed) profit 70 Interest 360 Depreciations 50 transfer payments 355 income of the Jordanian from abroad 300 Gross private investment expenditures 750 corporate taxes 275 Government expenditures 740 Profit 475 Prepare the government budget and show the result of it? Prepare the national savings and national investments accounts
