If there is a current account surplus, then there is a financial account deficit
Indicate whether the statement is true or false
TRUE
Economics
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In recent U.S. history
A) GDP has been much higher than GNP. B) GNP has been much higher than GDP. C) the difference between GNP and GDP has been very volatile. D) there has been little practical difference between GNP and GDP.
Economics
In year 1 the CPI is 140, and in year 2 the CPI is 160. From year 1 to year 2, Chiang's salary rises from $42,000 to $49,000, and Marta's salary rises from $55,000 to $60,000. Who is "more than keeping up with inflation"?
A) Marta B) Chiang C) both Marta and Chiang D) neither Marta nor Chiang
Economics