Answer questions 18 and 19 based on the following table for a hypothetical country:Exports of goods & servicesImports of goods & servicesNet taxes collected by domestic governmentPrivate SavingGross Domestic Private InvestmentNet Unilateral transfers paidPersonal ConsumptionGovernment PurchasesBalance on the capital accountStatistical Discrepancies18. The hypothetical country runs a current accountA) surplus; $100B) deficit; $120C) surplus; $150D) none of the above19. The hypothetical country runs a financial accountA) surplus; $110B) deficit; $130C) surplus; $150.D) none of the above$1000$1000$200$250$120$200$380$200$0$0ofof

Calculate the current account balance as follows:Explanation:The country exports $1000 worth of…

18. The hypothetical country runs a current account A) surplus; $100 B) deficit; $120 C) surplus; $150 D) none of the above 19. The hypothetical country runs a financial account A) surplus; $110 B) deficit; $130 C) surplus; $150. D) none of the above of of

18. The hypothetical country runs a current account A) surplus; $100 B) deficit; $120 C) surplus; $150 D) none of the above 19. The hypothetical country runs a financial account A) surplus; $110 B) deficit; $130 C) surplus; $150. D) none of the above of of

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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(D). A current account deficit (CA < 0) implies two things: absorption is more than national income (A > Y) and national saving is less than investment spending (S < I). Label the following statements as true, false or uncertain, and provide explanation for your answer.
6
In 2001, Mongolia had negative net exports. In 2002, Mongolia had negative net exports, and its imports had risen more than exports compared with 2001. Question 27 options: Its trade surplus fell. Its trade surplus rose. Its trade deficit fell. Its trade deficit rose.
Suppose the country of Lilliput exported $293 billion worth of goods and imported $473 billion worth of goods in the last calendar year. a. Calculate Lilliput's balance of trade. $ b. Which type of trade balance is Lilliput running? a trade surplus a trade deficit neither a trade deficit nor a trade surplus billion
Goods imports 635 Goods exports 419 Services imports 144 Services exports 215 Net unilateral transfers -35 Investment income received 278 Investment income paid 225 Capital account -3 Net US acquisition of financial assets 84 Net US incurrence of of liabilities 158 Net change in financial derivatives -21 Statistical discrepancy Based on Table 9.2, this country is currently running a Group of answer choices balance of goods of 216 current account deficit of 92 balance of services of -71 current account deficit of 127
Am. 102.
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A country’s private consumption is 30, government spending is 7, investment is 5, net factor income from abroad is 2, GDP is 45. The country’s gross national disposable income is 46. the country’s gross national income is 47. the gross national expenditure is 42 and the Current account is 4. The country sent abroad 2 and received 1 of unilateral transfers. The rest of the world claims 100 of debt from the country above. This is a stock variable. The country lends at 4% and borrows at 3%. These are rates of change of stocks. Use this information combined with one of the flow variables describing the country’s international transactions to find the stock of what the world owes this country. Note: no workers worked across the border. No wages flowed in, none flowed out. Is the country from the previous question rich or poor? Does it enjoy the exorbitant privilege? In what important way is this country’s stock and flow of investment different from the US?
Question: What is the term for a situation where a country exports more goods and services than it imports? A) Trade deficit B) Current account surplus C) Budget deficit D) Fiscal surplus
A net exports deficit will become a surplus if _______. A. the country appreciates its currency B. the government budget deficit is turned into a surplus and the private sector has a surplus C. private saving and government saving exceed private investment D. the private sector surplus adjusts to equal the government sector deficit
4. Analyzing the effects of a trade deficit Suppose the U.S. government has just hired you to analyze the following scenario. Assume the U.S. automobile industry grows concerned about foreign manufacturers exporting fuel-efficient vehicles to the United States, a practice that harms domestic producers. Industry experts claim that implementing a quota on imports would reduce the size of the trade deficit. Complete the following exercise in order to help you analyze this claim. The following graph shows the demand and supply of U.S. dollars in a model of the foreign-currency exchange market. Shift the demand curve, the supply curve, or both to show what would happen if the government decided to implement the quota. REAL EXCHANGE RATE (Units of foreign currency per dollar) Supply QUANTITY OF DOLLARS Given this change, the dollar appreciates Change due to a quota D2 D1 Demand Supply Fill in the following table with the effect of a quota on the following items: Supply of Loanable Funds Real…
Confused and unsure how to figure out the dollar and percent amounts