Net foreign factor income" in the national income accounts refers to the difference between:
A. The income Americans gain from supplying resources abroad and the income that
foreigners earn by supplying resources in the U.S.
B. The value of products sold by Americans to other nations and the value of products bought
by Americans from other nations
C. The value of investments that Americans made abroad and the value of investments made
by foreigners in the U.S.
D. The income earned by Americans in the U.S. minus the income earned by foreigners in the
U.S.
A. The income Americans gain from supplying resources abroad and the income that
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Suppose that a currency's value is found to be overvalued by using purchasing power parity. Then
A) the currency will appreciate in the future but we don't know when. B) we know when and how much the currency will depreciate. C) the interest rate in the country will change in order to restore purchasing power parity. D) we know when and how much the currency will appreciate. E) the currency will depreciate in the future but we don't know when.
Why does inflation cause problems in a society?
A) It gives people an incentive to hold money rather than spend it and provide income for others. B) It makes everything more expensive in real terms. C) People aren't able to anticipate it accurately. D) The cost of living rises for almost everyone in an inflation. E) For all of the above reasons.