The net increase in a country's stock of international reserves over a year is called a(n):
A. trade surplus.
B. balance-of-payments deficit.
C. trade deficit.
D. balance-of-payments surplus.
Answer: D
Economics
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Real GDP per person averaged $150 a year (in 2009 dollars) from 1,000,000 BC until 1620. Then in ________ real GDP began to increase without limit and by 1850 had risen to twice its 1650 level because ________
A) 1650; the Pilgrims arrived in the Americas B) 1750; Columbus arrived in the Americas C) 1650; of the Industrial Revolution D) 1750; of the Industrial Revolution E) 1776; United States was founded
Economics
Find the Marginal Rate of Technical Substitution for the following production functions:
a. q = L0.5 K0.5 b. q = L0.5 + K0.5 c. q = min{K,L} d. q = L + K
Economics