Refer to Figure 2-1. ________ is (are) unattainable with current resources

If official reserves increase, then we know that the

A) capital and financial account is positive. B) official settlements account balance is negative. C) capital and financial account and the current account must sum to zero. D) capital and financial account is negative. E) official settlements account balance is positive.

The ratio of the percentage change in consumption of a good divided by the percentage change in income (as measured by GDP) is known as the

A) income elasticity of demand. B) income expansion path. C) demand elasticity equivalent. D) trade effectiveness.