Why do military costs make up such a large portion of state GDP?

Q: Those who say the growing current account deficit in the United States is not a significant problem…

A: A current account deficit means that increasing capital account surplus, which means that the…

Q: What did the IMF require in exchange for providing funds to heavily indebted customers in the 1980s…

A: International monetary funds is an international organisation formed to insure financial stability,…

Q: Imagine Canada has decided to start trading with other countries. Once it allows trade with other…

A: Once it allows trade with other nations its economy is importing item will increased and exporting…

Q: Suppose the government buys up all of the farmers' output at the floor price and then sells the…

A: A consumer is a person or group of people who purchases or we can says buys the product or service…

Q: 28. What is scarcity? O Balancing unlimited wants with lim OBalancing trade between different:…

A: Scarcity is the gap between scarce resources and unlimited wants that are never-ending but to…

Q: What information would one use to determine the type of economic system that a country has?…

A: The information required would be the breakdown on who owns the business in the country and how much…

Q: SMEs plays an important role in a country’s economic development because a. SMEs contribute to the…

A: SME means the small and medium enterprises. SME play a vital role in development of the country as…

Q: . International capital budgeting Aa Aa One of the important components of multinational capital…

A: Transfer pricing is an accounting technique that defines the rules and methods for pricing…

Q: Which of the following actions is a reason for privatizing government services? Select all that…

A: Privatization refers to the ownership transfer of a public sector enterprise to a private…

Q: In order to reduce its current-account deficit, the United States would NOT do which of the…

A: The difference between the goods and services imported and exported is measured by current account…

Q: Use the following table to answer the question below for an economy that has a government and trades…

A: solution : correct answer is option b $320 explanation for the equilibrium GDP following equation…

Q: What explains the continuing trade surplus in services for the United States?

A: Trading activities would be considered as countries exchanging the goods and services beyond the…

Q: Net foreign investment Net foreign investment and investment Investment National saving and…

A: Demand for loans depends on supply and need in the market. If demand is more interest rate tends to…

Q: What factors Influence the spending behavior of the different sectors of the economy? How do…

A: The following are some factors influencing how individuals in various economic sectors will spend…

Q: A weaker dollar benefits ________ and hurts ________     American businesses; American consumers.…

A: A weak dollar means the value of dollars is decreasing relative to the value of one or more foreign…

Q: In the short-run macro model, if aggregate expenditure is less than GDP, output in the future will…

A: The question is multiple choice question.The question is related to macro model.

Q: The U.S. government has at times offered temporaryfinancial support to struggling companies that…

A: A government help is a monetary reward made by a federal, state, or municipal government entity for…

Q: Let’s assume the U.S. faces trade-offs between military missiles (MM for Ukraine) and Bridge Repairs…

A: We have to find the opportunity cost of MU in terms of BR. The opportunity cost is progressively…

Q: 4. In Canada, the Ontario government provides a tax incentive for firms that spend on scientific…

A: Here the question related with the tax credit which are applicable for Ontario in Canada corporates…

Q: The following table contains data for a hypothetical closed economy that uses the dollar as its…

A: Y= C+ I+ G. 1110= C+ 360 +300 C= 1110-360-300 C= 450 Consumption= 450 million of dollars.

Q: Identify a reason why Social Security as it currently exists is unsustainable in the long run. The…

A: Social security benefits are funded by dedicated payroll tax. Workers pay from their earnings.

Q: If a U.S. firm has much more revenue than expenses denominated in euros, the firm will likely ____…

A: If a U.S. firm has amount to be received in currency denominated in euros, then the firm would have…

Q: What is one way the modern Chinese government ensures that its limited resources will not be…

A: Government has to look into the country and applies the policies like the tax or other policies…

Balance of Payments

BOP is categorized into the following three components: