Among the United States, Canada, Russia, India, and the United Kingdom, the country with the highest average income per person is
A) the United Kingdom.
B) India.
C) Canada.
D) Russia.
E) the United States.
E
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Of the following balance of payments measures, which one is least able to measure whether a nation is paying its own way?
a. Current account. b. Balance on goods & services. c. Balance on goods, services, and net income d. Reserves account
Suppose the economy was in equilibrium, and the national government increased spending by $200 billion. Monetarist theory would predict that the:
a. Long-term real GDP growth rate will rise. b. Long-term real GDP growth rate will fall. c. Long-term real GDP growth rate will remain unchanged. d. Long-term inflation rate will fall. e. The international value of the domestic currency will fall.
Other things the same, a country that increases its saving rate increases
a. its future productivity and future real GDP. b. neither its future productivity nor future real GDP. c. its future productivity, but not its future real GDP. d. its future real GDP, but not its future productivity.
A quota is
A. A tax imposed on imported goods. B. A prohibition against trading a good. C. An elimination of trade to nurture an infant industry. D. A limit on the quantity of a good that may be imported in a given time period.