A country has $45 million of domestic investment and net capital outflow of -$60 million. What is its saving?
a. $15 million
b. -$15 million
c. $105 million
d. -$105 million
b
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All else equal, if oil prices decrease, annual oil consumption will ________ and the years it will take to deplete the stock of oil will most likely ________
A) decrease; increase. B) decrease; decrease C) increase; increase D) increase; decrease
According to the Taylor rule, the Fed will set the federal funds rate target based on which of the following?
A) an estimated long-run real interest rate B) the current deviation of the actual inflation rate from the Fed's inflation objective C) the proportionate gap between actual real GDP and a measure of potential real GDP D) all of the above
The main effect of a decrease in the stock of capital is a(n):
a. rightward shift of the short-run aggregate supply curve. b. rightward shift of the aggregate demand curve c. leftward shift of the long-run aggregate supply curve. d. leftward shift of the aggregate demand curve. e. increase in the price and output levels.
The United States economy experienced stagflation during the
A. 1950s. B. 1960s. C. 1970s. D. 1990s.