If balance of trade is negative, Xn is negative number. The impact of Xn is A. GDP will become negative B. GDP will remain constant C. to decrease GDP D. to increase GDP
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If
balance of trade is negative, Xn is negative number. The impact of Xn isA. GDP will become negativeB. GDP will remain constantC. to decrease GDPD. to increase GDP
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- QUESTION 20Suppose there is a rise in foreign output, Y*. This rise in Y* will cause which of the following to occur? The domestic country’s output decreases. The domestic country’s consumption increases. The domestic country’s trade balance worsens. all of the above none of the aboveIf the value of a nation’s imports exceeds the valueof its exports, which of the following is NOT true?a. Net exports are negative.b. GDP is less than the sum of consumption,investment, and government purchases.c. Domestic investment is greater than nationalsaving.d. The nation is experiencing a net outflow ofcapital.Purchasing power parity may not hold in practice due to A. the existence of trade imbalances. B. transportation costs. C. cross-country differences in environmental regulations. D. the evolution of free trade agreements. E. the existence of traded goods.
- A new accountant works on the Balance of Payments of a country and records the following into the financial account.Which is the only one recorded correctly? Select one: a. Transfer of ownership of assets b. External assets c. Trade in goods d. Imports of services e. Incomes paid to people working in a country temporarilyIn 2001, the United Kingdom's economy exported goods worth £192 billion and services worth another £77 billion. It imported goods worth £225 billion and services worth £66 billion. Receipts of income from abroad were £140 billion while income payments going abroad were £131 billion. Government transfers from the United Kingdom to the rest of the world were £23 billion, while various U.K government agencies received payments of £16 billion from the rest of the world. a. Calculate the U.K. merchandise trade deficit for 2001. b. Calculate the current account balance for 2001. c. Explain how you decided whether payments on foreign investment and government transfers counted on the positive or the negative side of the current account balance for the United Kingdom in 2001.If the value of exports are 11,000 and value of imports are 1500 find the balance of trade?
- If the balance of trade are stated as 750 and the imports of goods are 650 find the export of goods?Calculate trade-to-GDP for both case and define what does the trade-to-GDP ratio measure. Compare the results for two countries and discuss if a low value indicate that a country is closed to trade with the outside world. Import (current USD, bln) 380.1 Export (current USD, bln 466.3 917.9 GDP (current USD, bln) 705.1 4,954.8 Switzerland Japan 906.3QUESTION 33 What happens when imports are more than exports? There is a; OA Trade deficit OB. Trade surplus OCTrade barrier OD.Trade quola QUESTION 34 The value of output of a KFC (an American owned company) in Japan is counted as part of GDP for OA USA OB. Japan and USA Japan O D-China QUESTION 35 In year 1 nominal GDP is $ 20 trillion and in year 2 nominal GDP is $ 24 trillion. What was the growth rate of nominal GDP between year 1 and 2? O A. 16.7% OB 83.3% OC.20%% O D.10.0% QUESTION 36 Given the diagram below which of the following statements is true? 4.00 300 250 200 150 1.00 012 1 4S62 .o10 1 12 13 415 Ority hosandh of dosee per moe O A. When the price is $2 there is a surplus of 4 units O B. When the price is $1:50 the quantity demanded is 4 units OCWhen the price is $3.50 the quantity demanded is 12 units O D.When the price is $3.00 there is a surplus af 4 units uteg apop ud