A. the sum of merchandise trade and services
B. the current account plus long-term capital
C. the value of merchandise exports minus imports
D. short-term capital plus the basic balance
Related Mcqs:
- Pakistan’s Gross Domestic Product (in contrast to Gross National Product) measures the production and income of ?
A. Pakistan -owned firms no matter where they are located in the world
B. The domestic manufacturing sector only
C. The domestic service sector only
D. People and factories located within the borders of the Pakistan
E. none of these answers - For the United states, exports plus imports are about _____ of its gross national product?
A. 5 percent
B. 10 percent
C. 25 percent
D. 55 percent - To adjust from Gross National Product to Net National Product ?
A. Deduct depreciation
B. Deduct indirect taxes
C. Deduct subsidies
D. Add inflation - What is called the difference in the value of a nation’s imports over exports or exports over imports ?
A. Trade deficit
B. Trade simples
C. Both a & b
D. Not a nor b - What is measured by Gross domestic product (GDP)?
A. Value of all economic activity within nation’s border
B. Economic output of a country
C. Economic activity of federal government
D. None of these - Gross Domestic Product (GDP) is__________________?
A. Value of all economic activity with in a nation’s border
B. Economics output of a country
C. Economic activities of federal government
D. None of these - Gross Domestic Product can be measured as the sum of ?
A. final goods and services intermediate goods, transfer payments, and rent
B. consumption investment government purchases and net exports
C. consumption transfer payments. wages and profits.
D. Net National Product Gross National Product, and Disposable personal income
E. investment wages profits and intermediate production - Gross Domestic Product is the sum of the market value of the ?
A. intermediate goods
B. final goods and services
C. manufactured goods
D. inferior goods and services
normal goods and services - What is gross domestic product (GDP) ?
A. income earned through foreign exchange
B. the number of dollars earned in industry
C. income earned within a country’s boundaries
D. goods received from the nation’s residents - Which approach predicts that is an economy operates a full employment and faces trade deficit currency devaluation will improve the trade balance only if domestic spending is cut thus freeing resources to produce exports ?
A. the absorption approaches
B. the Marshall Lerner approach
C. the monetary approach
D. the elasticities approach
