Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 7 2 pts Which of the following statements is false? 0 On average across countries, the trade balance, the trade-balance-to-output ratio, the current account,

image text in transcribed
Question 7 2 pts Which of the following statements is false? 0 On average across countries, the trade balance, the trade-balance-to-output ratio, the current account, and the current-account-to-output ratio are all roughly uncorrelated with output. On average across countries, consumption, investment, exports, and imports are all positively correlated with output. 0 The cross-country average standard deviation of output is twice as large as its US. counterpart. 0 On average across countries, private consumption including durables is more volatile than output

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

American Political Economy In Global Perspective

Authors: Harold L Wilensky

1st Edition

1139227920, 9781139227926

More Books

Students also viewed these Economics questions

Question

gpt 4 5 9 .

Answered: 1 week ago