The value of imports and exports is recorded in
A) official settlements account.
B) current account.
C) international trade account.
D) capital and financial account.
E) official reserves account.
B
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Identify examples of microeconomics and macroeconomics: How the government responded to the recent recession
Explain how does an increase in the real exchange rate affect exports and imports?
What will be an ideal response?
Country A had a population of 1,000, of whom 600 worked an average of 8 hours a day and had a productivity of 2.5 . Country B had a population of 800, of whom 560 worked 8 hours a day and had productivity of 3.0 . Country
a. A had the higher level of real GDP and real GDP per person. b. A had the higher level of real GDP and Country B had the higher level of real GDP per person c. B had the higher level of real GDP and Country A had the higher level of real GDP per person d. B had the higher level of real GDP and real GDP per person.
Which of the following statements is true?
A) A savings deposit is not counted in the most basic, or narrow, definition of the money supply. B) M1 is sometimes referred to as transactions money. C) Money reduces the transaction costs of making exchanges. D) b and c E) a, b, and c