In 2018, Germany had the worlds largest current account surplus of US$291 billion. Using this one piece

Question:

In 2018, Germany had the world’s largest current account surplus of US$291 billion. Using this one piece of information, answer the following questions.

a. Which was greater, the income Germans earned from abroad or incomes paid abroad from Germany?

b. What is Germany’s financial account balance? Is it a surplus or deficit?

c. Were financial inflows or financial outflows greater for Germany?

d. Was total spending or total income greater in Germany in 2018?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles Of Economics

ISBN: 9781429237864

1st Edition

Authors: Betsey Stevenson, Justin Wolfers

See More Books

Question Posted: Mar 12, 2024 06:00 AM

See More Questions

In 2021, Germany had the worlds second largest current account surplus of US$266 billion. Using this one piece of information, answer the following questions. a. Which was greater, the income Germans...
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
AASB 102 prohibits the use of the LIFO method. What is the argument against the use of LIFO?
Recent graduate and world traveler Alastair Bor is planning a European trip. He is influenced by his curiosity about urban culture in the EU and by his study of international relations while he was...
GROWTHTEC PLC expects after tax earnings this year to equal approximately 10 million. The expected earnings are net of depreciation equaling 3 million annually. The company expects earnings to keep...
Intention to treat: Recall the imaginary example in Section 9.8.1 in which students were randomly provided vouchers to defray the cost of attending a private school. In the text, we imagined that the...
Green rented an apartment from Stockton Realty. The three-story building had a washroom and clothesline on the roof for use by the tenants. The clothesline ran very near the skylight, and there was...
In January 2021, Patricia takes out a $500,000 mortgage to purchase a main home with a fair market value of $800,000. In February 2021, she takes out a $250,000 home equity loan to put an addition on...
In the first quarter of 2019, the output gap in the United States was 0.8%. Make a prediction about what you think the output gap will be in the second quarter of 2019. Explain your reasoning.
On September 29, 2008, the stock market fell almost 7%. How can we reconcile these kinds of huge losses in the stock market with the efficient market hypothesis?
Describe the steps that should be followed in estimating cost functions. (op. 272-273)
1. How can the use of MRP contribute to profitability? 2. What are some of the unforeseen costs of ERP implementation? Discuss.
The COVID-19 pandemic resulted in strains on the healthcare supply chain. Discuss why supply chain management (SCM) is important to healthcare organizations. Furthermore, explain how healthcare...
Financial reporting quality relates to the quality of the information regarding the financial wellbeing of a firm that is contained in financial reports, including note disclosures. The quality of...
Exercises: Situational questions. Each answer must be supported by a legal basis. 1. What is the difference when an employee was dismissed for just cause than he was dismissed for an authorized...
In international trade, what is the difference between a contracted agent in a foreign country and a contracted distributor?What are some of the key issues that can arise in the relationship between...
Let X1, . . . , Xn be conditionally i.i.d. with the uniform distribution on the interval [0, ]. Let Yn = max{X1, . . . , Xn}. a. Find the p.d.f. and the quantile function of Yn/. b. Yn is often used...
What are the three kinds of research types? Explain each type.
Draw and explain a production possibilities frontier for an economy that produces milk and cookies. What happens to this frontier if disease kills half of the economys cows?
Use a production possibilities frontier to describe the idea of efficiency.
What are the two subfields into which economics is divided? Explain what each subfield studies.
The Balance Sheet has accounts where the accountant must make estimates. Some situations in which estimates affect amounts reported in the balance sheet include: Allowance for doubtful accounts....
Alado fis istirmerfs Tat likifond 205L [ridont inip lanod whadtinion? hingend is antan Qultit foer avdeed Divdasit errem yodichiders Etexlpoges Getmare nelp
The limitation on the deduction of business interest does not apply to non-corporate taxpayers. course hero True or False explain?

In 2018, Germany had the worlds largest current account surplus of US$291 billion. Using this one piece

Question:

Step by Step Answer:

a The income Germans earned from abroad was greater than incomes paid abroad from Germany This is in...View the full answer

Principles Of Economics

Students also viewed these Business questions