A country's balance of payments accounts record
A) the country's net indebtedness to foreigners.
B) its international trading, borrowing, and lending.
C) the flow of human and nonhuman resources between it and its trading partners.
D) only its official transactions with other governments.
B
Economics
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The government of country A has decided to maintain an exchange rate of 1 unit of its currency for 6 U.S. dollars in the long run. Country A can be said to have a:
A) managed exchange rate system. B) fully flexible exchange rate system. C) nominal exchange rate system. D) fixed exchange rate system.
Economics
Refer to Table 8-17. What is real GDP in 2016, using 2011 as the base year?
A) $3,320 B) $3,690 C) $6,360 D) $7,035
Economics