Other things the same, a country could move from having a trade deficit to having a trade surplus if either
a. saving rose or domestic investment rose.
b. saving rose or domestic investment fell.
c. saving fell or domestic investment rose.
d. saving fell or domestic investment fell.
b
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A tariff ______ the world supply of a good.
Fill in the blank(s) with the appropriate word(s).
What area in the above figure is the producer surplus at the efficient quantity?
A) A B) A + B + C C) F D) D + E + F
If intended investment is $500 and unwanted inventory is $50, then we know that
a. saving = $50 b. actual investment = $50 c. actual investment = $450 d. actual investment = $500 e. actual investment = $550
If a business firm in Country A produces a good but does not sell it in that same year, that good will not be counted in Country A's GDP
Indicate whether the statement is true or false