What types of transactions count as debits in the balance of payments? What types of transactions count as credits? Give examples
Any transaction that supplies a nation's currency and creates a demand for foreign currency in the foreign exchange market is a debit (or minus) item. Imports of goods are debits in the balance of payments. Any transaction that creates a demand for a nation's currency and a supply of foreign currency in the foreign exchange market is a credit (or plus) item. Exports are credits in the balance of payments..
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Which of the following countries meets regularly the UN target for the provision of foreign aid (as a percent of GNI)?
(a) Japan. (b) United States. (c) Denmark. (d) France.
The sales of the 50 largest corporations in the U.S. economy amount to nearly 31 percent of GDP in 2017.
Answer the following statement true (T) or false (F)
If inflation is lower than what was expected,
a. creditors receive a lower real interest rate than they had anticipated. b. creditors pay a lower real interest rate than they had anticipated. c. debtors receive a higher real interest rate than they had anticipated. d. debtors pay a higher real interest rate than they had anticipated.
Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y1. C. P3 and Y1. D. P3 and Y2.