Over the 1980s
A) there is no question that a large increase in U.S. foreign assets did occur.
B) there is a question whether a large decrease in U.S. foreign assets did occur.
C) there is no question that a large decrease in U.S. foreign assets did occur.
D) there is no question that there was almost no change in U.S. foreign assets.
E) there is no question that rising exports exceeded U.S. foreign debt.
Correct Answer:
Verified
Q18: In open economies
A) saving and investment are
Q19: Purchases of inventories by
A) firms are not
Q20: GDP is supposed to measure
A) the volume
Q21: Government purchases are defined as
A) only goods
Q22: An open economy
A) can save only by
Q24: In 1929, government purchases accounted for
A) only
Q25: For open economies,
A) S = I.
B) S
Q26: Disposable income is national income
A) less taxes
Q27: Government transfer payments like social security and
Q28: In a closed economy, national saving
A) sometimes
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