A net importer of assets must have a
a. current account deficit
b. capital account deficit
c. current account surplus
d. capital account surplus
e. balance of deficit trade
D
You might also like to view...
If the value of the U.S. dollar changes from 1.4 euros to 1.2 euros, we would expect that the United States would experience a ________ in exports and a ________ in imports
A) rise; rise B) fall; fall C) rise; fall D) fall; rise
In the above figure, if the economy is at point a, an increase in ________ will move the economy to ________
A) real wealth from the fall in the price level; point b B) real wealth from the fall in the price level; point c C) expected future income; point c D) expected future income; point d
An example of foreign aid that has improved economic conditions is ________
A) funding of public health programs B) funding of the U.S. Interstate Highway System C) programs to reduce foreign debt D) the Napoleonic code
Which of the following statements is true?
a. The inclusion of intermediate goods and services into GDP calculations would underestimate our nation's production level. b. The expenditures approach sums the compensation of employees, rents, profits, net interest, and nonincome expenses for depreciation and indirect business taxes. c. Real GDP has been adjusted for changes in the general level of prices due to inflation. d. Real GDP equals nominal GDP multiplied by the GDP deflator.