In 2014, China had accumulated $3.8 trillion worth of reserve assets. These $3.8 trillion entered into China's balance of payments in the:
a. The total amount did not enter into China's balance of payments. Only changes enter the balance of payments.
b. Reserve Account.
c. Trade balance.
d. Balance on goods and services.
e. Financial Account.
.A
You might also like to view...
Ignoring any supply-side effects, to close a recessionary gap of $100 billion with a government expenditure multiplier of 5, the government could
A) increase government expenditure on goods and services by $100 billion. B) raise taxes by $100 billion. C) increase government expenditure on goods and services by $20 billion. D) raise taxes by more than $20 billion. E) decrease government expenditure on goods and services by $20 billion.
Suppose that a car was produced but not sold in 2013. The car could still be sold in 2014. According to the book, the car would be counted as part of:
A. 2013 GDP as investment. B. 2014 GDP, as consumption. C. 2014 GDP as investment. D. neither 2013 or 2014 GDP.