Since the mid-1970s our merchandise balance of trade has been ________ and our services balance of trade has been _______.
Fill in the blank(s) with the appropriate word(s).
negative; positive
Economics
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Which of the following statements about the composition of price indices is NOT true?
A) The Paasche index is calculated with current-year prices. B) The Paasche index is calculated with base-year quantities for the bundle. C) The Laspeyres index is calculated with current-year prices. D) The Laspeyres index is calculated with base-year quantities for the bundle.
Economics
In 2010, Tatum's nominal income rose by 4.6 percent and the price level rose by 1.6 percent. We can conclude that Tatum's real income:
A. may have either increased or decreased. B. rose by approximately 6.2 percent. C. rose by approximately 3 percent. D. fell by approximately 13 percent.
Economics