Micro Economics For Today
10th Edition
ISBN: 9781337613064
Author: Tucker, Irvin B.
Publisher: Cengage,
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Question
Chapter 15, Problem 11SQ
To determine
The account that records the foreign economic transactions of a country.
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Students have asked these similar questions
If balance of trade is negative, Xn is negative number. The impact of Xn is
A.
GDP will become negative
B.
GDP will remain constant
C.
to decrease GDP
D.
to increase GDP
If balance of trade is positive, Xn Is a positive number. The impact of Xn is
A. GDP will become positive
B. GDP will remain constant
C. To decrease GDP
D. To increase GDP
Which of the following is included in a nation's current account?
a) Purchases of foreign assets
b) Borrowings from abroad
c) Foreign purchases of U.S. financial assets
d) Investment income receipts
e) Purchases of foreign real property
Chapter 15 Solutions
Micro Economics For Today
Ch. 15.4 - Prob. 1GECh. 15.6 - Prob. 1GECh. 15 - Prob. 1SQPCh. 15 - Prob. 2SQPCh. 15 - Prob. 3SQPCh. 15 - Prob. 4SQPCh. 15 - Prob. 5SQPCh. 15 - Prob. 6SQPCh. 15 - Prob. 7SQPCh. 15 - Prob. 8SQP
Ch. 15 - Prob. 9SQPCh. 15 - Prob. 10SQPCh. 15 - Prob. 11SQPCh. 15 - Prob. 1SQCh. 15 - Prob. 2SQCh. 15 - Prob. 3SQCh. 15 - Prob. 4SQCh. 15 - Prob. 5SQCh. 15 - Prob. 6SQCh. 15 - Prob. 7SQCh. 15 - Prob. 8SQCh. 15 - Prob. 9SQCh. 15 - Prob. 10SQCh. 15 - Prob. 11SQCh. 15 - Prob. 12SQCh. 15 - Prob. 13SQCh. 15 - Prob. 14SQCh. 15 - Prob. 15SQCh. 15 - Prob. 16SQCh. 15 - Prob. 17SQCh. 15 - Prob. 18SQCh. 15 - Prob. 19SQCh. 15 - Prob. 20SQ
Knowledge Booster
Similar questions
- Occasionally, a government official will argue that a country should strive for both a trade surplus and a healthy inflow of capital from abroad. Is this possible?arrow_forwardIn 2001, the United Kingdoms economy exported goods worth 192 billion and services worth another 77 billion. It imported goods worth 225 billion and services worth £66 billion. Receipts of income from abroad were 140 billion while income payments going abroad were 131 billion. Government transfers from the United Kingdom to the rest of the world were 23 billion, while various U.K government agencies received payments of 16 billion from the rest of the world. Calculate the U.K. merchandise trade deficit for 2001. Calculate the current account balance for 2001. Explain how you decided whether payments on foreign investment and government transfers counted on the positive or the negative side of the current account balance for the United Kingdom in 2001.arrow_forwardAn economy, Delta exported goods worth $30 billion and services worth another $10 billion in 2020. It imported goods worth $40 billion and services worth $8 billion. Receipts of income from abroad were $20 billion while income payments going abroad were $18 billion. Government transfers from Delta to the rest of the world were $7 billion, while various Delta government agencies received payments of $3 billion from the rest of the world. Calculate Delta merchandise trade deficit, and current account balance for 2020.arrow_forward
- So I don't need to fill out anything for net exports?arrow_forwardCurrent Account does not include: Question 6Answer a. Payments in connection with foreign trade b. Portfolio investment c. Net income investments in other country d. Interest on loans to other countriesarrow_forwarddifference between balance of trade and balance of payments?arrow_forward
- A stronger Canadian dollar hurts Select one: a. importers. b. Americans only. c. Canadians who shop in the U.S. d. Canadian students who attend U.S. universities. e. exporters.arrow_forwardA summary of a country's economic transactions with foreign residents and governments is called the a. current account balance. b. capital account balance. c. balance of trade. d. balance of payments.arrow_forwardThe record of a country's transactions in goods, services, and assets with the rest of the world is its A) balance of trade account. B) current account. C) capital account. D) balance of payments accountarrow_forward
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