Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help D Question 23 ts International Accounts, Ireland 2018 Billions Category of $ Exports 453 Imports 335 Income receipts from factor service exports 98

image text in transcribed

Please help

image text in transcribedimage text in transcribedimage text in transcribed
D Question 23 ts International Accounts, Ireland 2018 Billions Category of $ Exports 453 Imports 335 Income receipts from factor service exports 98 Income payments to factor service imports 175 Unilateral transfers received 6 Unilateral transfers made 12 Source: IMF international financial statistics Note: Euros converted to U.S. dollars for comparison purposes Refer to the table above. Calculate the current account balance in Ireland in 2018. $35 billion $118 billion O $-77 billion $41 billionD Question 25 A nation that runs a current account deficit will also: be a net exporter of assets. be a net importer of assets. suffer a lack of capital resources. O increase its external wealth.7 pts D Question 24 When analyzing economic situations in an open economy instead of a closed economy, one must take into account: O that international transactions can create an imbalance in the current account, so that GDP is not necessarily equal to GNI or GNE. only the production of final goods and services rather than intermediate goods or services. the relationship between domestic investment and the nominal rate of interest. the influence of international political relationships, which do not exist in a closed economy

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

Business Intelligence

Authors: Jerzy Surma

1st Edition

1606491857, 9781606491850

More Books

Students also viewed these Economics questions

Question

Technology

Answered: 1 week ago

Question

Population

Answered: 1 week ago