The trade balance is:
A) the difference between exports and imports.
B) real GDP less real domestic expenditure.
C) the real current-account balance less net real asset income from abroad.
D) all of the above.
Correct Answer:
Verified
Q10: The real current account balance equals:
A)the trade
Q11: The balance of trade is net exports
Q12: The real current account balance equals
A)the net
Q13: The law of one price:
A)prohibits price discrimination.
B)is
Q14: The real current-account balance is:
A)net real asset
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
Q19: The balance on the current account is:
A)real
Q20: Net real asset income from abroad is:
A)rt-1•Bft-1/P.
B)Yt
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