The balance of payments of a country on current account is equal to ___________. Select one: a. balance of trade plus short term b. balance of trade plus net invisible exports c. balance of invisible trade plus imports d. balance of payment minus capital flows
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- The GDP for the United States is 18,036 billion and its current account balance is 484 billion. What percent of GDP is the current account balance?Which of the following is not included in the current account?a. exports of goodsb. imports of goodsc. U.S. capital inflow and outflowd. unilateral transfersExpenditures for services such as tourism,income for foreign investment, and foreign giftsare tabulated in thea. current account.b. capital account.c. official reserve account.d. goods account.
- What is the relationship between the current account and the capital account in the balance of payments? Select one: a. The current account shows all income and expenditure and the capital account shows investment and how it is funded. b. The capital account shows how a current account deficit is funded or a surplus is disbursed. c. There is no relationship between them as they measure different things. d. The current account balance is the difference between exports and imports and the capital account balance shows net foreign income.An economy, Delta exported goods worth $30 billion and services worth another $10 billion in 2020. It imported goods worth $40 billion and services worth $8 billion. Receipts of income from abroad were $20 billion while income payments going abroad were $18 billion. Government transfers from Delta to the rest of the world were $7 billion, while various Delta government agencies received payments of $3 billion from the rest of the world. Calculate Delta merchandise trade deficit, and current account balance for 2020.An economy, Delta exported goods worth $30 billion and services worth another $10 billion in 2020. It imported goods worth $40 billion and services worth $8 billion. Receipts of income from abroad were $20 billion while income payments going abroad were $18 billion. Government transfers from Delta to the rest of the world were $7 billion, while various Delta government agencies received payments of $3 billion from the rest of the world. Calculate Delta merchandise trade deficit, and current account balance for 2020. A) $10 billion, -$12 billion B) $10 billion, $12 billion C) -$10 billion, $10 billion - Incorrect D) -$12 billion, $10 billion
- As domestic currency appreciates, we would expect a. Trade deficit to decrease. b. Trade deficit to increase. c. Imports to decrease. d. Exports to increase.Which of the following measures would best rectify a deficit on a country's Balance of Payments Account? a. Revaluing the currency b. Relaxing exchange controls c. Deflationary fiscal policy d. Lowering tariff barriersA trade balance can be quickly defined as the gap between ___________ , which are also included in the current account balance along with ___________ . a) supply and demand; stocks and bonds b) exports and imports; stocks and bonds c) exports and imports; investment income and unilateral transfers d) supply and demand; investment income and unilateral transfers
- Under a system of flexible exchange rates, what will correct a deficit in a country's balance of payments? a. an appreciation in the nation's currency b. a decline in the nation’s domestic price level c. a depreciation in the nation's currency d. an increase in the nation’s inflation rate 2. Which of the following would supply Canadian dollars to the foreign exchange market? a. an increase in the number of Canadians going to Las Vegas over the holidays b. an increase in spending due to American tourists in Canada c. the sale of a Canadian corporation to a German investor d. the sale of wheat from Manitoba to a European bakeryIf the balance of trade is $50 million and the balance of the capital account is - $40 million, what is the balance of the current account? Multiple Choice $10 million. $10 million. $40 million. $50 million..International Transaction Amount, Billions of $ Services imports -150 Merchandise exports 100 Unilateral transfers (net) -20 Merchandise imports -210 Services exports 200 Income receipts/payments (net) 65 The table above gives hypothetical figures for the U.S. balance of payments. The country’s current-account balance shows a Group of answer choices deficit of $20 billion surplus of $15 billion deficit of $15 billion surplus of $10 billion