Based on Table 9.2, the current account balance is
A) -2 percent of GNP.
B) +2 percent of GNP.
C) +4 percent of GNP.
D) -4 percent of GNP.
B
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A Lorenz curve shows the:
a. number of people in an economy living below the poverty line. b. percentage of children in an economy who are not receiving adequate nutrition. c. percentage of the economy's population benefiting from government spending programs. d. percentage of an economy's total income each part of the population receives. e. percentage of the population whose income is dependent on sales to foreign countries.
Measuring the national income accounts can NOT be helpful in explaining things like:
A. unemployment rates. B. economic booms. C. rates of inflation D. rates of return on a firm’s capital.
When the marginal benefit of an output exceeds the marginal cost:
A. Production of that output should be increased, in order to achieve efficiency B. Production of that output should be decreased, in order to achieve efficiency C. Increasing the production of that output would increase the deadweight loss D. Reducing the production of that output would reduce efficiency losses
When the Fed sells securities through open market operations, the equation of exchange (under monetarist assumptions about V being stable) requires that either aggregate spending
A. Or prices increase, or both. B. Or prices decrease, or both. C. Decreases or prices increase, or both. D. Increases or prices decrease, or both.