If a country has a current account balance of $100 billion and the official settlements account balance is zero, then the country's capital and financial account balance must be
A) negative but not necessarily equal to -$100 billion.
B) equal to -$100 billion.
C) equal to $100 billion.
D) positive but not necessarily equal to $100 billion.
E) zero.
B
Economics
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Transfer payments are
a. included in GDP because they represent income to individuals. b. included in GDP because they eventually will be spent on consumption. c. not included in GDP because they are not payments for currently produced goods or services. d. not included in GDP because taxes will have to be raised to pay for them.
Economics
Monetarism is a school of thought put forth by ________, who argued that the economy would ordinarily be at potential GDP
A) Karl Marx B) Milton Friedman C) Finn Kydland and Edward Prescott D) Robert Lucas and Thomas Sargent
Economics