Assuming that a country has a trade deficit of $50 billion, which of the following is true: A. The country's exports are $120 billion and its imports are $180 billion B. The country's exports are $100 billion and its exports are $150 billion c. The country's imports are $120 billion and its exports are $180 billion d. The country's exports are $150 billion and its imports are $100

Assuming that a country has a trade deficit of $50 billion, which of the following is true: A. The country's exports are $120 billion and its imports are $180 billion B. The country's exports are $100 billion and its exports are $150 billion c. The country's imports are $120 billion and its exports are $180 billion d. The country's exports are $150 billion and its imports are $100

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter4: The Aggregate Economy

Section: Chapter Questions

Problem 5E

See similar textbooks

Similar questions

A government official announces a new policy. The country wishes to eliminate its trade deficit, but will strongly encourage financial investment from foreign firms. Explain why such a statement is contradictory.
If a country has a trade deficit, what will occur?Choose one answer. Imports will exceed exports. Exports will exceed imports. Imports and exports will be equal. d. Currency will be devalued
When looking only at the import and export of services, the U.S. a. has a trade deficit b. has a trade surplus c. exports virtually no services d. has a balanced trade in services
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
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
Net exports and net capital outflow: 1. Which of the following statements about a country with a trade deficit is not true? Why? A. exports < imports B.net capital outflow < 0 C.investment < saving
The macroeconomic view of a trade deficit implies that, other things equal, the imposition of a tariff will reduce South Africa's trade deficit A. Because exports will be promoted and imports cannot possibly change B.Because imports will be reduced and exports cannot possibly change C.Only if the tariff has no impact on South Africa's spending or income D.Only if the tariff leads to increased income in South Africa relative to its spending
In 2019 Country A had a current account deficit of $1.2 billion. CountryA's capital account was in a $100 million surplus. In addition, CountryA's factors of production located in foreign countries earned $600 million.Country A had a trade deficit of $800 million. Assume Country A neithergave nor received unilateral transfers. Country A's GDP was $9 billion. Answer the following questions about Country A in 2019. and show your work. i) compute net factor income from abroad of Country A. ii) How much income did foreign factors of production earn in CountryA? iii) Compute Country A's GNE and GNI.
If US is expected to have 12 billion dollars more export and 8 billion dollars less import. How will the trade deficit change?
If a country has a trade deficit, what will occur?Choose one answer.a. Imports will exceed exports. b. Exports will exceed imports. c. Imports and exports will be equal. d. Currency will be devalued.
A government decides to introduce an expenditure-switching measure to reduce a balance of trade deficit. Which of the following is an expenditure-switching measure? Pick a,b,c, or d A. A government subsidy to domestic producers B. An increase in income tax C. An increase in the rate of interest D.A decrease in state benefits
Suppose the government share of GDP is 20 percent and the consumption, investment, and net export shares of GDP are 60, 15, and 5 percent, respectively. If the dollar exchange rate increases, then we would expect the government share of GDP to increase. the interest rate to decrease. the interest rate to increase. the government share of GDP to decrease. the net export share of GDP to increase. OOO