The real current account balance equals:
A) net foreign investments.
B) real GNP less real domestic expenditure.
C) the trade balance plus net real asset income from abroad.
D) all of the above.
Correct Answer:
Verified
Q1: Tariffs and quotas lead to a higher
Q2: With an international sector real GNP is
Q3: The trade balance is:
A)rt-1•Bft-1/P.
B)Yt - (Ct
Q4: The balance on the current account:
A)rt-1•Bft-1/P.
B)Yt
Q5: Net real foreign investment is:
A)rt-1•Bft-1/P.
B)Yt -
Q7: The trade balance is:
A)the difference between exports
Q8: Real GNP in an open economy is:
A)the
Q9: The real current account balance is real
Q10: The real current account balance equals:
A)the trade
Q11: The balance of trade is net exports
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