What variable has been shown to be highly correlated with nutrition, disease, and income, and is increasingly being used by economists to measure the well being of people?

Which activity of the Fed would tend to increase the nation's money supply?

A) Sales of government bonds B) Lowering the discount rate C) Raising the required reserve ratio D) None of the above.

Answer the following questions briefly

(a) Is it possible for each nation to have BOP surpluses? Explain. (b) What is the "statistical anomaly" that imparts a bias to trade balances? (c) Is it correct to argue that deficit countries are harmed while surplus countries benefit by international free trade? (d) How is the balance of payments linked to national saving and investment?