Question
1.When private savings is less than private investment, we will see a A. Capital account surplus B. Current account surplus C. Cannot tell D. Current
1.When private savings is less than private investment, we will see a
A. | Capital account surplus | |
B. | Current account surplus | |
C. | Cannot tell | |
D. | Current account deficit |
2.Over the past year, the South African Rand has depreciated against the U.S. dollar by 5%. Furthermore, the inflation in the U.S. was at 4% over the year while the inflation in South Africa stood at 7% over the year.
A. | The U.S. exporters to South Africa have lost their competitive advantage relative to the local firms by about 2%. | |||||||||||||
B. | The U.S. exporters to South Africa have lost their competitive advantage relative to the local firms by about 3%. | |||||||||||||
C. | The U.S. exporters to South Africa have gained a competitive advantage relative to the local firms by about 3%. | |||||||||||||
D. | The U.S. exporters to South Africa have gained a competitive advantage relative to the local firms by about 2%. 3.Which of the following is NOT an item to be considered in Balance of Payment (BOP) calculations?
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