Which of the following would not be counted in the U.S. BOP current account?
A. Helen, an American oil engineer, is a paid adviser to Middle Eastern countries in the area of petroleum extraction.
B. General Motors Corporation owns buildings that are situated in Mexico.
C. France purchases a new jet fighter aircraft from the Boeing Company in the U.S.
D. Martha receives a $50 dividend check on stock she owns in a business in Germany.
Answer: B
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Economists generally define economic growth as an increase in real income per capita
a. True b. False Indicate whether the statement is true or false
An alternative to maintaining an undervalued currency is to ________ the fundamental value of the exchange rate by ________ monetary policy.
A. decrease; tightening B. decrease; easing C. increase; tightening D. increase; easing
"Income received by households before payment of personal taxes" is known as
A. Personal income. B. Disposable income. C. Saving. D. Net domestic product.
Due to the fact that Curly used his frequent flyer miles to fly to visit Moe, Curly told Moe that it didn't cost him anything to visit. Is Curly correct?
A. No, because Curly had to pay for earlier trips in order to earn the frequent flyer miles. B. Yes, because Curly's frequent flyer miles made the trip free. C. Yes, because Curly could stay at Moe's house for free. D. No, because Curly could have used his frequent flyer miles to go somewhere else instead.