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Q8&9 thanks! Current account -48,497 Capital and Financial account fexcluding 70,259 changes in reserves) Reserve Assets -22,821 Net errors and omissions 1,059 8. Consider the

Q8&9 thanks!

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Current account -48,497 Capital and Financial account fexcluding 70,259 changes in reserves) Reserve Assets -22,821 Net errors and omissions 1,059 8. Consider the information above which shows the balance of payments figures for Turkey during 2012. Figures are expressed in millions of US$. Based on this information, what can you infer about the Turkish economy as of the said period? a. Aggregate demand exceeds GNP and there is a net outflow of capital . b. GNP exceeds aggregate demand and there is a net outflow of capital C. Aggregate demand exceeds GNP and there is a net inflow of capital d. GNP exceeds aggregate demand and there is a net inflow of capital . 9. Consider the information given above. Based on this information, what can you infer about the Turkish economy as of the said period? a. There is an overall deficit (21,762) in the balance of payments, an decrease in reserve assets (22,821) and an unrecorded outflow of foreign exchange (1,059). b. There is an overall surplus (21,762) in the balance of payments, an increase in reserve assets (22,821) and an unrecorded influx of foreign exchange (1,059). c. There is an overall surplus (22,821) in the balance of payments and an increase in reserve assets (22,821) . d. There is an overall deficit (22,821) in the balance of a. b. payments and an decrease in reserve assets (22,821)

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