Question
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.
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