The current account of the balance of payments is calculated as:  a. the sum of imports, exports, and transfers.  b. the sum of national income and national expenditure.  c. the sum of the trade balance, net factor income from abroad, and net unilateral transfers.  d. the difference between GDP and GNE.

Q: The ‘current account’ includes records of a country’s: Select one: a. net exports. b. net primary…

A: Current account plays a major role in understanding how an economy is performing in a given time…

Q: If balance of trade is negative, Xn is negative number. The impact of Xn is     A. GDP will become…

A: GDP is the gross domestic product.  GDP consists of consumption , investment, government spending,…

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Q: . Assume that the gross domestic product is $6,000, personal disposal income is $5,100, the…

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Q: In an open economy the national income identity shows that: Where S stands for national savings, I…

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Q: Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the…

A: The total monetary worth of all finished goods and services produced in a nation during a given time…

Q: Purchasing power parity may not hold in practice due to

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Q: If balance of trade is positive, Xn Is a positive number. The impact of Xn is A. GDP will become…

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Q: In an open economy, GDP is $7400 billion, consumption is $4550 billion, government expenditures are…

A: National Savings(S) = GDP - Goverment Expenditure - Consumption = 7400 - 1200 - 4550 = 1650 NCO (Net…

Q: iscuss the difference in GDP per capita using the two different exchange rates. Which one is larger?…

A: GDP is the total value of goods and services that are produced in the country.

Q: how can you define the domestic economy? And what are the different aspects of the domestic economy?

A: Domestic economy is that system of economy in which activities, situations and events take place in…

Q: The value of net exports equals the value of   A.  national saving – domestic investment.…

A: The question is asking for the economic concept that equals the value of net exports. Net exports is…

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A:

Q: Algebraically, the relationship between imports and income can be written as Select one: a. IM = m/Y…

A: Answer - Need to find- Algebraically, the relationship between imports and income can be written as…

Q: Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the…

A: Gross domestic product(GDP) measures the money value of all final goods and services produced in an…

Q: QUESTION 20Suppose there is a rise in foreign output, Y*. This rise in Y* will cause which of the…

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Q: In some country, the following holds Components of GDP Amount (Millions) Consumption 980 Investment…

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Q: An increase in the real exchange rate ​(real depreciation of domestic currency​) will result​ in:…

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Q: National and International Accounts: Income, Wealth, and the Balance of Payments - End of Chapter…

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Q: A nation's balance of payments can be affected by A. the country's population increases relative to…

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Q: If a nation has positive Net Factor Payments and positive Net Exports   Question 48 options:   it…

A: Net factor income is the difference between the factor income received from abroad and factor income…

Q: The current account includes changes in a. net exports, net foreign investment income, and import…

A: Trade means the exports and imports of goods and services. It means the net exports are positive if…