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18. If more American tourists visit South Africa. The of dollars increases and the dollar in the rand/dollar exchange rate A Supply; depreciates Demand; depreciates C Supply; appreciates Demand; appreciates В 19. In balance-of-payments accounting, the sale of a foreign production facility by a SA firm is a item in the SA balance of payments; the deposit of funds in a foreign bank account by a SA citizen item in the SA balance of payments. A Debit; also is a debit Debit; is a credit Credit; is a debit Credit; also is a credit В 20. The table below shows a section of the national accounts for a small country in 2018. Answer the question that follows using the information provided in the table. Consumption expenditure Government expenditure Depreciation Exports Imports Gross capital formation (investment) 9 800 3 500 500 2 200 1 900 2 500 300 Primary income payments Primary income receipts 200 The value of Gross Domestic Product (GDP) is: (4 A 16 100 19 900 C 16 600 15 600 21. To calculate gross national income (GNI) from gross domestic product (GDP), must be subtracted from GDP. must be added and A Primary income payments; primary income receipts Primary income receipts; primary income payments Subsidies for local production; tariffs on production from the rest of the world Taxes from the rest of the world; subsidies received from the rest of the world В C D II

18. If more American tourists visit South Africa. The of dollars increases and the dollar in the rand/dollar exchange rate A Supply; depreciates Demand; depreciates C Supply; appreciates Demand; appreciates В 19. In balance-of-payments accounting, the sale of a foreign production facility by a SA firm is a item in the SA balance of payments; the deposit of funds in a foreign bank account by a SA citizen item in the SA balance of payments. A Debit; also is a debit Debit; is a credit Credit; is a debit Credit; also is a credit В 20. The table below shows a section of the national accounts for a small country in 2018. Answer the question that follows using the information provided in the table. Consumption expenditure Government expenditure Depreciation Exports Imports Gross capital formation (investment) 9 800 3 500 500 2 200 1 900 2 500 300 Primary income payments Primary income receipts 200 The value of Gross Domestic Product (GDP) is: (4 A 16 100 19 900 C 16 600 15 600 21. To calculate gross national income (GNI) from gross domestic product (GDP), must be subtracted from GDP. must be added and A Primary income payments; primary income receipts Primary income receipts; primary income payments Subsidies for local production; tariffs on production from the rest of the world Taxes from the rest of the world; subsidies received from the rest of the world В C D II

Exploring Economics
Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter29: International Finance
Section: Chapter Questions
Problem 8P
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18. If more American tourists visit South Africa. The of dollars increases and the dollar in the rand/dollar exchange rate A Supply; depreciates Demand; depreciates C upply; appreciates Demand; appreciates 19. In balance-of-payments accounting, the sale of a foreign production facility by a SA firm is a item in the SA balance of payments; the deposit of funds in a foreign bank account by a SA citizen item in the SA balance of payments. A Debit; also is a debit В Debit; is a credit C Credit; is a debit D Credit; also is a credit 20. The table below shows a section of the national accounts for a small country in 2018. Answer the question that follows using the information provided in the table. 9 800 Consumption expenditure Government expenditure 3 500 Depreciation Exports Imports Gross capital formation (investment) Primary income payments Primary income receipts 500 2 200 1 900 2 500 300 200 The value of Gross Domestic Product (GDP) is: (4r A 16 100 B 19 900 C 16 600 D 15 600 21. To calculate gross national income (GNI) from gross domestic product (GDP), must be added and must be subtracted from GDP. A Primary income payments; primary income receipts Primary income receipts; primary income payments Subsidies for local production; tariffs on production from the rest of the world В C Taxes from the rest of the world; subsidies received from the rest of the world II
Transcribed Image Text:18. If more American tourists visit South Africa. The of dollars increases and the dollar in the rand/dollar exchange rate A Supply; depreciates Demand; depreciates C upply; appreciates Demand; appreciates 19. In balance-of-payments accounting, the sale of a foreign production facility by a SA firm is a item in the SA balance of payments; the deposit of funds in a foreign bank account by a SA citizen item in the SA balance of payments. A Debit; also is a debit В Debit; is a credit C Credit; is a debit D Credit; also is a credit 20. The table below shows a section of the national accounts for a small country in 2018. Answer the question that follows using the information provided in the table. 9 800 Consumption expenditure Government expenditure 3 500 Depreciation Exports Imports Gross capital formation (investment) Primary income payments Primary income receipts 500 2 200 1 900 2 500 300 200 The value of Gross Domestic Product (GDP) is: (4r A 16 100 B 19 900 C 16 600 D 15 600 21. To calculate gross national income (GNI) from gross domestic product (GDP), must be added and must be subtracted from GDP. A Primary income payments; primary income receipts Primary income receipts; primary income payments Subsidies for local production; tariffs on production from the rest of the world В C Taxes from the rest of the world; subsidies received from the rest of the world II
11. Complete the following sentence: In terms of the AD-AS model, a decrease in the interest rate leads to a(n) investment spending,a(n) demand and, eventually to a(n)_ in the price level. in in aggregate spending, a(n) in total production and (or) a(n). in aggregate (4 A Decrease; decrease; decrease; decrease; decrease Increase; increase; increase; increase; increase В C Increase; increase; decrease; decrease; decrease Decrease; decrease; increase; increase; increase 12. A justification for government intervention in the economy arises from the fact that market systems usually produce outcomes, but they do not necessarily produce . outcomes. (- Efficient; equitable Equitable; efficient Efficient; profitable Profitable; equitable A В C the quantity of money 13. When the government uses its overdraft facilities at the central bank, it in the economy. This is called financing. Increases; deflationary Decreases; inflationary Decreases; deflationary Increases; inflationary A В C D 14. If the expected inflation rate is 5% and negotiators agree that the real wages should rise by 7%, the two sides will agree to an increase in the money wage of (- A 2% B 5 % C 7% D 12%
Transcribed Image Text:11. Complete the following sentence: In terms of the AD-AS model, a decrease in the interest rate leads to a(n) investment spending,a(n) demand and, eventually to a(n)_ in the price level. in in aggregate spending, a(n) in total production and (or) a(n). in aggregate (4 A Decrease; decrease; decrease; decrease; decrease Increase; increase; increase; increase; increase В C Increase; increase; decrease; decrease; decrease Decrease; decrease; increase; increase; increase 12. A justification for government intervention in the economy arises from the fact that market systems usually produce outcomes, but they do not necessarily produce . outcomes. (- Efficient; equitable Equitable; efficient Efficient; profitable Profitable; equitable A В C the quantity of money 13. When the government uses its overdraft facilities at the central bank, it in the economy. This is called financing. Increases; deflationary Decreases; inflationary Decreases; deflationary Increases; inflationary A В C D 14. If the expected inflation rate is 5% and negotiators agree that the real wages should rise by 7%, the two sides will agree to an increase in the money wage of (- A 2% B 5 % C 7% D 12%
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