The external wealth of the United States rose by nearly $800 billion during the financial crisis of 2009. What were some of the factors contributing to this rise?
A) There were price change effects (capital gains) and an appreciation of the dollar against other currencies.
B) The United States paid down a major portion of its outstanding external debt.
C) The United States received aid from other nations to help it through the financial crisis.
D) The United States borrowed from its own gold reserves.
Correct Answer:
Verified
Q135: Looking at the balance of payments for
Q136: When the total value of foreign assets
Q137: If one nation experiences a gain in
Q138: Explain the difference between GDP and GNI
Q139: Describe issues involved in measuring trade and
Q141: Give an intuitive explanation that captures the
Q142: What two reasons could cause a change
Q143: Suppose the following transactions take place: (1)
Q144: Many U.S. residents complain that the nation
Q145: Suppose the following transactions take place: (1)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents