Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. A country exports $800 (all numbers in billions of dollars) and imports 720. Have they a trade deficit, balance or surplus? 2. By how

1. A country exports $800 (all numbers in billions of dollars) and imports 720. Have they a trade deficit, balance or surplus?

2. By how much?

3.$400 in income, transfers and grants is paid out of this same economy while $300 is paid to it. Does it have a current account deficit, balance or surplus?

4. This current account deficit, balance or surplus is by how much?

5. Because of your #4 answer, does this economy have a capital account deficit, balance or surplus?

6.-and by how much?

7.Explaintwo advantages of a floating rate exchange regime.

8.Explain two disadvantages of a floating rate exchange regime.

9.Explain two advantages of a fixed rate exchange regime.

10.Explain two disadvantages of a fixed rate exchange regime.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Local Disaster Resilience Administrative And Political Perspectives

Authors: Ellen Russell, Ashley D Ross

1st Edition

1135910618, 9781135910617

More Books

Students also viewed these Economics questions