The balance on the current account is:
A) real GNP less net foreign investment income.
B) real GNP less net foreign investment.
C) real GNP less the net international investment position.
D) real GNP less real domestic expenditure.
Correct Answer:
Verified
Q14: The real current-account balance is:
A)net real asset
Q15: The trade balance is:
A)the difference between exports
Q16: The real current account balance equals:
A)net foreign
Q17: A higher current account deficit is caused
Q18: The difference between real GDP in a
Q20: Net real asset income from abroad is:
A)rt-1•Bft-1/P.
B)Yt
Q21: While according to the model the current
Q22: While according to the model the current
Q23: The trade balance is:
A)the balance on the
Q24: While according to the model the current
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