In an open economy, national saving equals
a. domestic investment plus net capital outflow.
b. domestic investment minus net capital outflow.
c. domestic investment.
d. net capital outflow.
a
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The zero-lower-bound problem eliminates the ability of the central bank to use which of the following in implementing policy?
A) open market operations B) discount lending C) the federal funds rate D) the required reserve ratio
If the prices of substitutes for apples should rise and nothing else changes, then:
(a) The demand for apples will tend to increase. (b) The supply of apples will almost certainly increase. (c) The demand for apples will probably fall. (d) The demand for, and supply of, apples will fall.
Resource demand has grown over time:
A. because of population growth only. B. because of increased consumption per person only. C. because of both increased population and greater consumption per person. D. despite decreases in population and consumption per person.
In an attempt to reduce the poverty rate, there has recently been a movement away from income maintenance programs to
A. encouraging people to get jobs. B. Supplemental Security Income programs. C. reducing the age a person can retire at. D. incorporating the Lorenz policy in decisions.