For the United States since 1950, imports as a percentage of GDP has
A) tripled.
B) increased slightly.
C) remained constant.
D) decreased.
A
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The current account records all transactions below EXCEPT for
A) net exports of goods and services. B) net interest income. C) net foreign investment. D) net transfers.
A lumberjack loses his job because timber cutting restrictions were imposed by the EPA to protect the spotted owl habitat. This lumberjack would be
A) cyclically unemployed. B) frictionally unemployed. C) structurally unemployed. D) seasonally unemployed.
The primary function of the International Monetary Fund is
A) to provide loans only to private firms in developing countries. B) to make direct, irrevocable transfers of funds from wealthy nations to poor nations. C) to lend solely on the basis of a nation's relative poverty. D) to make loans aimed at promoting global stability and hence growth.
Alphabet Bank has a required reserve ratio of 12 percent. If it receives a deposit of $210,000, how much of it must it keep in reserves?
a. $210,000 b. $25,200 c. $184,800 d. $17,500