If a county has 25 billion euros of imports, 15 billion euros of exports, and sells 20 billion euros of assets to foreigners, how many foreign assets do domestic residents purchase?
a. 5 billion euros
b. 10 billion euros
c. 30 billion euros
d. None of the above are correct.
b
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When housing prices decrease, household wealth ________ and consumption ________.
A. increases; decreases B. increases; increases C. decreases; increases D. decreases; decreases
What is a "currency drain"? How and why does it affect the money multiplier?
What will be an ideal response?
The three most important financial centers in the world today are New York, London, and Tokyo
Indicate whether the statement is true or false
Which of the following will be categorized as an intermediate good in national income accounting?
a. The value of oregano used as a seasoning for pizzas b. The crops consumed by a farmer's family members c. The present value of a car produced a couple of years ago d. A clunker sold during the current year e. The value of an antique piece of jewelry handed down over generations in a family