QUESTION 12Table 1 shows the summary of China's balance of payments and net international investment position. Please mark the onlyINCORRECT statement about Table 1.Source: IMFBALANCE OF PAYMENTS (Percent of GDP)Current account balanceTrade balanceServices balanceNet international investment positionGross official reserves (billions of U.S. dollars)Table 1. China: Selected Economic Indicators¹2017 201820161.74.4-2.117.73,0981.53.9-2.1-2.116.815.23,236 3,1680.227201920200.71.82.73.5-1.8-1.016.014.53,223 3,35720211.63.0-0.713.83,44820221.52.7-1.014.03,696China's low stock of gross official reserves suggests that the nation is vulnerable to a balance of payment crisis and a largea. devaluation of the CNYb. China's large NIIP should be consistent with the fact that it supplies capital and invests in the rest of the worldc. The fact that China has a large and positive NIIP position means that the has relatively high savings ratesd. China is a net creditor country

Reserves are the funds that are kept safe by a nation and to be used at the time of financial…

QUESTION 12 Table 1 shows the summary of China's balance of payments and net international investment position. Please mark the only INCORRECT statement about Table 1. Source: IMF BALANCE OF PAYMENTS (Percent of GDP) Current account balance Trade balance Services balance Net international investment position Gross official reserves (billions of U.S. dollars) Table 1. China: Selected Economic Indicators¹ 2016 2017 2018 2019 2021 1.7 4.4 -21 17.7 3,098 1.5 3.9 -2.1 16.8 3,236 0.2 27 -2.1 15.2 3,168 0.7 27 2020 1.8 3.5 -1.8 -1.0 16.0 14.5 3,223 3,357 1.6 3.0 -0.7 13.8 3,448 2022 1.5 27 -1.0 14.0 3,696 China's low stock of gross official reserves suggests that the nation is vulnerable to a balance of payment crisis and a large a. devaluation of the CNY b. China's large NIIP should be consistent with the fact that it supplies capital and invests in the rest of the world c. The fact that China has a large and positive NIIP position means that the has relatively high savings rates d. China is a net creditor country

QUESTION 12 Table 1 shows the summary of China's balance of payments and net international investment position. Please mark the only INCORRECT statement about Table 1. Source: IMF BALANCE OF PAYMENTS (Percent of GDP) Current account balance Trade balance Services balance Net international investment position Gross official reserves (billions of U.S. dollars) Table 1. China: Selected Economic Indicators¹ 2016 2017 2018 2019 2021 1.7 4.4 -21 17.7 3,098 1.5 3.9 -2.1 16.8 3,236 0.2 27 -2.1 15.2 3,168 0.7 27 2020 1.8 3.5 -1.8 -1.0 16.0 14.5 3,223 3,357 1.6 3.0 -0.7 13.8 3,448 2022 1.5 27 -1.0 14.0 3,696 China's low stock of gross official reserves suggests that the nation is vulnerable to a balance of payment crisis and a large a. devaluation of the CNY b. China's large NIIP should be consistent with the fact that it supplies capital and invests in the rest of the world c. The fact that China has a large and positive NIIP position means that the has relatively high savings rates d. China is a net creditor country

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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