GDP can be calculated by adding consumption, gross investment, depreciation, and
ID: 1143490 • Letter: G
Question
GDP can be calculated by addingconsumption, gross investment, depreciation, and net exports. wages, rent, interest, and profits. gross investment, wages, profits, rent, and indirect business taxes. consumption, profits, interest, rent, and net exports. depreciation, net factor income from abroad, and indirect business taxes.
The U.S. experienced large current account deficits in the 1980s and much larger deficits more recently (since the mid-1990s). These deficits indicate that the U.S. didnot
consume more than it produced. None of these - the U.S. did all of these. borrow large amounts of money from foreign residents. run a surplus in the financial account. sell financial assets.
National income accounting provides economists with a statistical summary of the transactions between residents of one country and residents of the rest of the world.
False True
The U.S. is the ____ nation in the world.
smallest debtor largest largest creditor smallest creditor largest debtor
A base year is a year against which other years are measured.
False True
The United States has been an international net creditor from the end of World War I until the mid-1980s, becoming an international net debtor in 1985, and growing steadily since.
False True
The national income accounting system is used by
members of the World Trade Organization all countries only the United States only developing countries only industrialized nations
The financial account is
the record in the balance of payments of the flow of financial assets into and out of a country. the amount of foreign currency held domestically. a record of the dollar amount of exported and imported services. the value of services provided by capital in foreign countries. the amount of dollars held abroad.
If the exchange rate moves from $.08 = 1 peso to $.12 = 1 peso, then
the peso has depreciated. 1 dollar will buy more Mexican pesos than before. the prices of U.S. imports from Mexico are more expensive. the U.S. dollar has appreciated. Mexicans will demand fewer U.S. products, other things being equal. GDP can be calculated by adding
consumption, gross investment, depreciation, and net exports. wages, rent, interest, and profits. gross investment, wages, profits, rent, and indirect business taxes. consumption, profits, interest, rent, and net exports. depreciation, net factor income from abroad, and indirect business taxes.
The U.S. experienced large current account deficits in the 1980s and much larger deficits more recently (since the mid-1990s). These deficits indicate that the U.S. didnot
consume more than it produced. None of these - the U.S. did all of these. borrow large amounts of money from foreign residents. run a surplus in the financial account. sell financial assets.
National income accounting provides economists with a statistical summary of the transactions between residents of one country and residents of the rest of the world.
False True
The U.S. is the ____ nation in the world.
smallest debtor largest largest creditor smallest creditor largest debtor
A base year is a year against which other years are measured.
False True
The United States has been an international net creditor from the end of World War I until the mid-1980s, becoming an international net debtor in 1985, and growing steadily since.
False True
The national income accounting system is used by
members of the World Trade Organization all countries only the United States only developing countries only industrialized nations
The financial account is
the record in the balance of payments of the flow of financial assets into and out of a country. the amount of foreign currency held domestically. a record of the dollar amount of exported and imported services. the value of services provided by capital in foreign countries. the amount of dollars held abroad.
If the exchange rate moves from $.08 = 1 peso to $.12 = 1 peso, then
the peso has depreciated. 1 dollar will buy more Mexican pesos than before. the prices of U.S. imports from Mexico are more expensive. the U.S. dollar has appreciated. Mexicans will demand fewer U.S. products, other things being equal. consumption, gross investment, depreciation, and net exports. wages, rent, interest, and profits. gross investment, wages, profits, rent, and indirect business taxes. consumption, profits, interest, rent, and net exports. depreciation, net factor income from abroad, and indirect business taxes.
The U.S. experienced large current account deficits in the 1980s and much larger deficits more recently (since the mid-1990s). These deficits indicate that the U.S. didnot
consume more than it produced. None of these - the U.S. did all of these. borrow large amounts of money from foreign residents. run a surplus in the financial account. sell financial assets.
National income accounting provides economists with a statistical summary of the transactions between residents of one country and residents of the rest of the world.
False True
The U.S. is the ____ nation in the world.
smallest debtor largest largest creditor smallest creditor largest debtor
A base year is a year against which other years are measured.
False True
The United States has been an international net creditor from the end of World War I until the mid-1980s, becoming an international net debtor in 1985, and growing steadily since.
False True
The national income accounting system is used by
members of the World Trade Organization all countries only the United States only developing countries only industrialized nations
The financial account is
the record in the balance of payments of the flow of financial assets into and out of a country. the amount of foreign currency held domestically. a record of the dollar amount of exported and imported services. the value of services provided by capital in foreign countries. the amount of dollars held abroad.
If the exchange rate moves from $.08 = 1 peso to $.12 = 1 peso, then
the peso has depreciated. 1 dollar will buy more Mexican pesos than before. the prices of U.S. imports from Mexico are more expensive. the U.S. dollar has appreciated. Mexicans will demand fewer U.S. products, other things being equal. The U.S. experienced large current account deficits in the 1980s and much larger deficits more recently (since the mid-1990s). These deficits indicate that the U.S. didnot
consume more than it produced. None of these - the U.S. did all of these. borrow large amounts of money from foreign residents. run a surplus in the financial account. sell financial assets.
National income accounting provides economists with a statistical summary of the transactions between residents of one country and residents of the rest of the world.
False True
The U.S. is the ____ nation in the world.
smallest debtor largest largest creditor smallest creditor largest debtor
A base year is a year against which other years are measured.
False True
The United States has been an international net creditor from the end of World War I until the mid-1980s, becoming an international net debtor in 1985, and growing steadily since.
False True
The national income accounting system is used by
members of the World Trade Organization all countries only the United States only developing countries only industrialized nations
The financial account is
the record in the balance of payments of the flow of financial assets into and out of a country. the amount of foreign currency held domestically. a record of the dollar amount of exported and imported services. the value of services provided by capital in foreign countries. the amount of dollars held abroad.
If the exchange rate moves from $.08 = 1 peso to $.12 = 1 peso, then
the peso has depreciated. 1 dollar will buy more Mexican pesos than before. the prices of U.S. imports from Mexico are more expensive. the U.S. dollar has appreciated. Mexicans will demand fewer U.S. products, other things being equal. consume more than it produced. None of these - the U.S. did all of these. borrow large amounts of money from foreign residents. run a surplus in the financial account. sell financial assets.
National income accounting provides economists with a statistical summary of the transactions between residents of one country and residents of the rest of the world.
False True
The U.S. is the ____ nation in the world.
smallest debtor largest largest creditor smallest creditor largest debtor
A base year is a year against which other years are measured.
False True
The United States has been an international net creditor from the end of World War I until the mid-1980s, becoming an international net debtor in 1985, and growing steadily since.
False True
The national income accounting system is used by
members of the World Trade Organization all countries only the United States only developing countries only industrialized nations
The financial account is
the record in the balance of payments of the flow of financial assets into and out of a country. the amount of foreign currency held domestically. a record of the dollar amount of exported and imported services. the value of services provided by capital in foreign countries. the amount of dollars held abroad.
If the exchange rate moves from $.08 = 1 peso to $.12 = 1 peso, then
the peso has depreciated. 1 dollar will buy more Mexican pesos than before. the prices of U.S. imports from Mexico are more expensive. the U.S. dollar has appreciated. Mexicans will demand fewer U.S. products, other things being equal. National income accounting provides economists with a statistical summary of the transactions between residents of one country and residents of the rest of the world.
False True
The U.S. is the ____ nation in the world.
smallest debtor largest largest creditor smallest creditor largest debtor
A base year is a year against which other years are measured.
False True
The United States has been an international net creditor from the end of World War I until the mid-1980s, becoming an international net debtor in 1985, and growing steadily since.
False True
The national income accounting system is used by
members of the World Trade Organization all countries only the United States only developing countries only industrialized nations
The financial account is
the record in the balance of payments of the flow of financial assets into and out of a country. the amount of foreign currency held domestically. a record of the dollar amount of exported and imported services. the value of services provided by capital in foreign countries. the amount of dollars held abroad.
If the exchange rate moves from $.08 = 1 peso to $.12 = 1 peso, then
the peso has depreciated. 1 dollar will buy more Mexican pesos than before. the prices of U.S. imports from Mexico are more expensive. the U.S. dollar has appreciated. Mexicans will demand fewer U.S. products, other things being equal. False True
The U.S. is the ____ nation in the world.
smallest debtor largest largest creditor smallest creditor largest debtor
A base year is a year against which other years are measured.
False True
The United States has been an international net creditor from the end of World War I until the mid-1980s, becoming an international net debtor in 1985, and growing steadily since.
False True
The national income accounting system is used by
members of the World Trade Organization all countries only the United States only developing countries only industrialized nations
The financial account is
the record in the balance of payments of the flow of financial assets into and out of a country. the amount of foreign currency held domestically. a record of the dollar amount of exported and imported services. the value of services provided by capital in foreign countries. the amount of dollars held abroad.
If the exchange rate moves from $.08 = 1 peso to $.12 = 1 peso, then
the peso has depreciated. 1 dollar will buy more Mexican pesos than before. the prices of U.S. imports from Mexico are more expensive. the U.S. dollar has appreciated. Mexicans will demand fewer U.S. products, other things being equal. The U.S. is the ____ nation in the world.
smallest debtor largest largest creditor smallest creditor largest debtor
A base year is a year against which other years are measured.
False True
The United States has been an international net creditor from the end of World War I until the mid-1980s, becoming an international net debtor in 1985, and growing steadily since.
False True
The national income accounting system is used by
members of the World Trade Organization all countries only the United States only developing countries only industrialized nations
The financial account is
the record in the balance of payments of the flow of financial assets into and out of a country. the amount of foreign currency held domestically. a record of the dollar amount of exported and imported services. the value of services provided by capital in foreign countries. the amount of dollars held abroad.
If the exchange rate moves from $.08 = 1 peso to $.12 = 1 peso, then
the peso has depreciated. 1 dollar will buy more Mexican pesos than before. the prices of U.S. imports from Mexico are more expensive. the U.S. dollar has appreciated. Mexicans will demand fewer U.S. products, other things being equal. smallest debtor largest largest creditor smallest creditor largest debtor
A base year is a year against which other years are measured.
False True
The United States has been an international net creditor from the end of World War I until the mid-1980s, becoming an international net debtor in 1985, and growing steadily since.
False True
The national income accounting system is used by
members of the World Trade Organization all countries only the United States only developing countries only industrialized nations
The financial account is
the record in the balance of payments of the flow of financial assets into and out of a country. the amount of foreign currency held domestically. a record of the dollar amount of exported and imported services. the value of services provided by capital in foreign countries. the amount of dollars held abroad.
If the exchange rate moves from $.08 = 1 peso to $.12 = 1 peso, then
the peso has depreciated. 1 dollar will buy more Mexican pesos than before. the prices of U.S. imports from Mexico are more expensive. the U.S. dollar has appreciated. Mexicans will demand fewer U.S. products, other things being equal. A base year is a year against which other years are measured.
False True False True The United States has been an international net creditor from the end of World War I until the mid-1980s, becoming an international net debtor in 1985, and growing steadily since.
False True
The national income accounting system is used by
members of the World Trade Organization all countries only the United States only developing countries only industrialized nations
The financial account is
the record in the balance of payments of the flow of financial assets into and out of a country. the amount of foreign currency held domestically. a record of the dollar amount of exported and imported services. the value of services provided by capital in foreign countries. the amount of dollars held abroad.
If the exchange rate moves from $.08 = 1 peso to $.12 = 1 peso, then
the peso has depreciated. 1 dollar will buy more Mexican pesos than before. the prices of U.S. imports from Mexico are more expensive. the U.S. dollar has appreciated. Mexicans will demand fewer U.S. products, other things being equal. False True
The national income accounting system is used by
members of the World Trade Organization all countries only the United States only developing countries only industrialized nations
The financial account is
the record in the balance of payments of the flow of financial assets into and out of a country. the amount of foreign currency held domestically. a record of the dollar amount of exported and imported services. the value of services provided by capital in foreign countries. the amount of dollars held abroad.
If the exchange rate moves from $.08 = 1 peso to $.12 = 1 peso, then
the peso has depreciated. 1 dollar will buy more Mexican pesos than before. the prices of U.S. imports from Mexico are more expensive. the U.S. dollar has appreciated. Mexicans will demand fewer U.S. products, other things being equal. The national income accounting system is used by
members of the World Trade Organization all countries only the United States only developing countries only industrialized nations
The financial account is
the record in the balance of payments of the flow of financial assets into and out of a country. the amount of foreign currency held domestically. a record of the dollar amount of exported and imported services. the value of services provided by capital in foreign countries. the amount of dollars held abroad.
If the exchange rate moves from $.08 = 1 peso to $.12 = 1 peso, then
the peso has depreciated. 1 dollar will buy more Mexican pesos than before. the prices of U.S. imports from Mexico are more expensive. the U.S. dollar has appreciated. Mexicans will demand fewer U.S. products, other things being equal. members of the World Trade Organization all countries only the United States only developing countries only industrialized nations
The financial account is
the record in the balance of payments of the flow of financial assets into and out of a country. the amount of foreign currency held domestically. a record of the dollar amount of exported and imported services. the value of services provided by capital in foreign countries. the amount of dollars held abroad.
If the exchange rate moves from $.08 = 1 peso to $.12 = 1 peso, then
the peso has depreciated. 1 dollar will buy more Mexican pesos than before. the prices of U.S. imports from Mexico are more expensive. the U.S. dollar has appreciated. Mexicans will demand fewer U.S. products, other things being equal. The financial account is
the record in the balance of payments of the flow of financial assets into and out of a country. the amount of foreign currency held domestically. a record of the dollar amount of exported and imported services. the value of services provided by capital in foreign countries. the amount of dollars held abroad.
If the exchange rate moves from $.08 = 1 peso to $.12 = 1 peso, then
the peso has depreciated. 1 dollar will buy more Mexican pesos than before. the prices of U.S. imports from Mexico are more expensive. the U.S. dollar has appreciated. Mexicans will demand fewer U.S. products, other things being equal. the record in the balance of payments of the flow of financial assets into and out of a country. the amount of foreign currency held domestically. a record of the dollar amount of exported and imported services. the value of services provided by capital in foreign countries. the amount of dollars held abroad.
If the exchange rate moves from $.08 = 1 peso to $.12 = 1 peso, then
the peso has depreciated. 1 dollar will buy more Mexican pesos than before. the prices of U.S. imports from Mexico are more expensive. the U.S. dollar has appreciated. Mexicans will demand fewer U.S. products, other things being equal. If the exchange rate moves from $.08 = 1 peso to $.12 = 1 peso, then
the peso has depreciated. 1 dollar will buy more Mexican pesos than before. the prices of U.S. imports from Mexico are more expensive. the U.S. dollar has appreciated. Mexicans will demand fewer U.S. products, other things being equal. the peso has depreciated. 1 dollar will buy more Mexican pesos than before. the prices of U.S. imports from Mexico are more expensive. the U.S. dollar has appreciated. Mexicans will demand fewer U.S. products, other things being equal. consumption, gross investment, depreciation, and net exports.
Explanation / Answer
(1) wages, rent, interest, and profits.
(2)sell financial assets
(3)True
(4)largest debtor
(5)True
(6)members of the World Trade Organization
(7)the record in the balance of payments of the flow of financial assets into and out of a country.
(8)the prices of U.S. imports from Mexico are more expensive.
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