All of the following are surplus items in the balance of payments EXCEPT
A) purchases of foreign assets.
B) exports of merchandise.
C) foreign tourist expenditures.
D) funds deposited in this country by foreign residents.
Answer: A
Economics
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Real GDP =________ where the price level is the ________
A) Nominal GDP × Price level; GDP deflator B) Nominal GDP ÷ Price level; GDP deflator C) Nominal GDP ÷ Price level; CPI D) Nominal GDP × Price level; CPI E) none of the above
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In which of the following industries are the firms price-takers?
a. monopoly b. monopolistically competitive c. monopoly and monopolistically competitive d. perfectly competitive e. perfectly competitive and monopolistically competitive
Economics