macro economics

18. About what percentage of GDP are Canadian imports? A. less than 13 percent B. about 14 percent C. about 37 percent D. about 67 percent 19. Which of the following best defines net capital outflow? A. It is the purchase of foreign assets by domestic residents minus the purchase of domestic assets by foreign residents. B. It is the purchase of foreign assets by domestic residents minus the purchase of foreign goods and services by domestic residents. C. It is the purchase of domestic assets by foreign residents minus the purchase of domestic goods and services by foreign residents. D. It is the purchase of domestic assets by foreign residents minus the purchase of foreign assets by domestic residents. 20. Which of the following would be Canadian foreign direct investment? A. A Swedish car manufacturer opens a plant in Sherbrooke, Quebec. B. A Dutch citizen buys shares of stock in a Canadian company. C. Tim Hortons, a Canadian company, opens a restaurant in Jamaica. D. A Canadian citizen buys shares of stock in companies located in Japan. 21. Which of the following is an example of Canadian foreign portfolio investment? A. Crystal, a Canadian citizen, buys bonds issued by a corporation in Turkey. B. Randall, a Canadian citizen, opens a cheesecake factory in Italy. C. Abigail, a Canadian citizen, buys software produced by Microsoft Corporation, a U.S. company. D. Fernando, a Spanish citizen, buys shares of stock in Research In Motion, a Canadian company. 22. Suppose Connie, a Canadian citizen, buys bonds issued by an automobile manufacturer in Sweden. Which of the following would her expenditure be? A. Canadian foreign direct investment that would increase Canadian net capital outflow B. Canadian foreign direct investment that would decrease Canadian net capital outflow C. Canadian foreign portfolio investment that would increase Canadian net capital outflow D. Canadian foreign portfolio investment that would decrease Canadian net capital outflow 23. Which of the following shows that any trade transaction must have a financial counterpart? CA. NCO = NX B. NCO + I = NX C. NX + NCO = Y D. Y = NCO - I 24. A citizen of Saudi Arabia uses previously obtained Canadian dollars to purchase apples from Canada. Which of the following correctly identifies the effects of this transaction? A. It increases Saudi net capital outflow and increases Canadian net exports. B. It increases Saudi net capital outflow and decreases Canadian net exports. C. It decreases Saudi net capital outflow and increases Canadian net exports