A country's balance of payments records
A. the prices that a country pays for its imports and the prices that the country receives for its imports.
B. the value of a country's holdings of foreign assets, minus the value of foreign holdings of the country's assets.
C. capital gains and losses on a country's international assets.
D. the flows of value between that country's residents and residents of the rest of the world during a period of time.
Answer: D
You might also like to view...
In developing countries, economists have found ________ correlation between a person's height and the wages he can earn in the farming sector
A) no B) an inverse C) a weak D) a strong
Refer to Table 26-6. Suppose the table above illustrates the values of real and potential GDP and the price level if the Fed does not vote to change their current policy to be more contractionary or expansionary
If the Fed wants to keep real GDP at its potential level in 2017, should the Fed use a contractionary or expansionary policy? Should it raise or lower its interest rate target? How should it conduct open market operations to achieve its goal?
Which of the following statements best describes the outcome of a shift in the SRAS curve?
a. A shift in the SRAS curve to the left will result in a greater real GDP and downward pressure on the price level, if aggregate demand remains unchanged. b. A shift in the SRAS curve to the right will result in a greater real GDP and downward pressure on the price level, if aggregate demand remains unchanged. c. A shift in the SRAS curve to the right will result in a greater real GDP and upward pressure on the price level, if aggregate demand remains unchanged. d. A shift in the SRAS curve to the left will result in a greater real GDP and upward pressure on the price level, if aggregate demand remains unchanged.
Which of the following is not included in the U.S. balance of payments?
a. U.S. corporate gifts to families harmed by a hurricane. b. U.S. government military gifts to foreign governments. c. U.S. aid to Indonesian tsunami victims. d. All of the above are included in the balance of payments.