A nation's annual balance of payments statement must always balance because:
A. A nation's imports are limited to the value of its exports
B. A nation's exports and imports are always paid with dollars
C. All international transactions must be settled in one way or another
D. A trade deficit must be matched by an equal surplus of investment income
C. All international transactions must be settled in one way or another
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In 2007, France's GDP totaled $1.9 trillion and in 2006 GDP was $1.8 trillion. The total amount spent on new capital in 2007 was $357 billion and in 2006 was $335 billion
To calculate the amount of net investment in France for these years, you need to know ________. A) saving B) depreciation C) the amount of financial capital available. D) the aggregate production function.
The night before a midterm exam, you decide to go to the movies instead of studying for the exam. You score 60 percent on your exam. If you had studied the night before, you'd have scored 70 percent
What was the opportunity cost of your evening at the movies? A) 10 percent off your grade B) 60 percent C) 70 percent D) zero