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Questions and Answers
What was the net inflow of cash for the Costas from their new loan?
What was the net inflow of cash for the Costas from their new loan?
- $19,500 (correct)
- $-25,000
- $5,500
- $25,000
In the context of the Costas' financial year, what was the net inflow of cash from sales and purchases of goods and services?
In the context of the Costas' financial year, what was the net inflow of cash from sales and purchases of goods and services?
- $-10,000 (correct)
- $-70,000
- $10,000
- $70,000
What does Row 1 of Table 41.2 in the context of the U.S. balance of payments accounts represent?
What does Row 1 of Table 41.2 in the context of the U.S. balance of payments accounts represent?
- Net income from foreign investments
- Payments from foreigners to the United States (correct)
- Value of foreign aid received by the United States
- Payments from the United States to foreigners
What is the net inflow of cash for the United States as a whole according to Table 41.2?
What is the net inflow of cash for the United States as a whole according to Table 41.2?
What does the last row in the balance of payments accounts represent?
What does the last row in the balance of payments accounts represent?
What do economists use to keep track of international transactions?
What do economists use to keep track of international transactions?
What kind of items did residents of the United States sell to residents of other countries in 2008?
What kind of items did residents of the United States sell to residents of other countries in 2008?
What is the total value of the stuff sold by people living in the United States to people living in other countries in 2008?
What is the total value of the stuff sold by people living in the United States to people living in other countries in 2008?
In which state did the Costas own a small artichoke farm?
In which state did the Costas own a small artichoke farm?
What is a summary of a country’s transactions with other countries?
What is a summary of a country’s transactions with other countries?
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