Question
1. According to the World Economic Outlook Update (April 2023), which Advanced Economy is projected to have the lowest GDP growth this year? 2. According
1. According to the World Economic Outlook Update (April 2023), which Advanced Economy is projected to have the lowest GDP growth this year?
2. According to the World Economic Outlook Update (April 2023) which of Advanced Economys listed is projected to grow the fastest this year?
3. According to the World Economic Outlook Update (April 2023) which Developing Economy is supposed to grow the fastest this year?
4. Exchange rates and International Capital Flows in your readings, what are two of the sources of supply for the US dollar?
a. Foreign tourists visiting the United States
b. Foreign investors who wish to make direct investments in the U.S. economy
c. A foreign firm that has sold imported goods in the United States, earned U.S. dollars, and is trying to pay expenses incurred in its home country
d. U.S. investors who want to make portfolio investments in other countries
5. According to the statement on the Benefits of Trade from the Office of the U.S. Trade Representative, how does expanding trade benefit families and businesses in the US?
a. Expanding the variety of products for purchase by consumers and business
b. Supporting more productive, higher paying jobs in our export sectors
c. Expanding knowledge from foreign tourists visiting the United States
d. The Foreign Exchange market is very profitable
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