Homework Answers
Correct option is (3).
A stock variable is measured at a specific point of time, e.g. capital, debt or labor endowment. A flow variable is measured over a period, e.g. GDP or GNP during a quarter or during a year.
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Which of the following is an example of a flow? O A nation's capital stock. The total value of a country's obligations...
Which of the following would be part of the nation's capital account? O one hundred shares...
Which of the following would be part of the nation's capital account? O one hundred shares of British Petroleum stock purchased by a Canadian O a nightclub show seen by a Canadian in Mexico City O a dividend from a British equity owned by a Canadian O a payment to the Philippine government for the use of military bases in their country
Which of the following is an example of a flow variable? A. Housing B. Capital O...
Which of the following is an example of a flow variable? A. Housing B. Capital O c. Wealth OD. The government budget deficit.
Question 6 To determine a country's balance of trade the following is evaluated The value of...
Question 6 To determine a country's balance of trade the following is evaluated The value of exports minus the value of imports The value of exports added to the value of imports Total flow of money coming into a country minus the total flow of money going out Question 7 The Foreign Corrupt Practices Act regulates the following EXCEPT: O makes it difficult for U.S. companies to do business effectively in some countries O prevents foreign companies from engaging in...
Which of the following is not a factor influencing a country's financial reporting practices? - Providers...
Which of the following is not a factor influencing a country's financial reporting practices? - Providers of financing. - Legal system. - Political and economic ties. - inflation. - Gross National Product.
3. National accounting identities Let C stand for consumption spending, I for investment, G for government...
3. National accounting identities Let C stand for consumption spending, I for investment, G for government purchases, X for exports, IM for imports, DI for disposable income, and NT for net taxes. Consider the following identity and answer the questions that follow. C+I+G+ (X-IM) = DI + NT Which of the following best characterizes the above identity? O National income must equal domestic product. National income must equal the total amount of leakages from the nation's flow of income and...
Which of the following is a scaled number? the country's national debt the sum of all...
Which of the following is a scaled number? the country's national debt the sum of all incomes earned in the economy total tax revenues in the economy government budget deficit as a percentage of GDP
2. The circular flow of income and expenditure The income and expenditure approaches to measuring a...
2. The circular flow of income and expenditure The income and expenditure approaches to measuring a nation's GDP can be combined using the circular flow model. Categorize each flow in the following table as part of either aggregate demand or national income. Flow Aggregate Demand National Income Net taxes (NT) O Investment spending (1) Consumption (C) Government purchases (G) OOO Net exports (X - IM) Disposable income (DI) 0 While national income and domestic product must be equal, income must...
Which of the following best describes the relationship between a stock concept and a flow concept?...
Which of the following best describes the relationship between a
stock concept and a flow concept?
A stock concept has a time period
associated with it, whereas a flow concept is an amount of
something at a given point in time.
A stock concept is an amount of something at a given point in
time, whereas a flow concept has a time period associated with
it.
______________________________________________________________________________
What expenditure category of production is largest for most
countries?
Investment
Consumption
Net...
I 1) Gross Domestic Product (GDP) is A) the total wholesale value of all final goods...
I 1) Gross Domestic Product (GDP) is A) the total wholesale value of all final goods and services produced by factors of production owned by citizens of a nation B) the total market value of all services produced by factors of production located within a nation's borders. C) the total market value of all goods produced within a nation's borders D) the total market value of all final goods and services produced by factors of production located within a nation's...
Gross national product, GNI is the market value of all final goods and services o consumed...
Gross national product, GNI is the market value of all final goods and services o consumed by residents of the country anywhere in the world. o produced by residents of the country anywhere in the world. consumed within the country. o produced within the country.
Which of the following would be part of the nation's capital account? O one hundred shares of British Petroleum stock purchased by a Canadian O a nightclub show seen by a Canadian in Mexico City O a dividend from a British equity owned by a Canadian O a payment to the Philippine government for the use of military bases in their country
Which of the following is an example of a flow variable? A. Housing B. Capital O c. Wealth OD. The government budget deficit.
Question 6 To determine a country's balance of trade the following is evaluated The value of exports minus the value of imports The value of exports added to the value of imports Total flow of money coming into a country minus the total flow of money going out Question 7 The Foreign Corrupt Practices Act regulates the following EXCEPT: O makes it difficult for U.S. companies to do business effectively in some countries O prevents foreign companies from engaging in...
3. National accounting identities Let C stand for consumption spending, I for investment, G for government purchases, X for exports, IM for imports, DI for disposable income, and NT for net taxes. Consider the following identity and answer the questions that follow. C+I+G+ (X-IM) = DI + NT Which of the following best characterizes the above identity? O National income must equal domestic product. National income must equal the total amount of leakages from the nation's flow of income and...
Which of the following is a scaled number? the country's national debt the sum of all incomes earned in the economy total tax revenues in the economy government budget deficit as a percentage of GDP
2. The circular flow of income and expenditure The income and expenditure approaches to measuring a nation's GDP can be combined using the circular flow model. Categorize each flow in the following table as part of either aggregate demand or national income. Flow Aggregate Demand National Income Net taxes (NT) O Investment spending (1) Consumption (C) Government purchases (G) OOO Net exports (X - IM) Disposable income (DI) 0 While national income and domestic product must be equal, income must...
Which of the following best describes the relationship between a
stock concept and a flow concept?
A stock concept has a time period
associated with it, whereas a flow concept is an amount of
something at a given point in time.
A stock concept is an amount of something at a given point in
time, whereas a flow concept has a time period associated with
it.
______________________________________________________________________________
What expenditure category of production is largest for most
countries?
Investment
Consumption
Net...
I 1) Gross Domestic Product (GDP) is A) the total wholesale value of all final goods and services produced by factors of production owned by citizens of a nation B) the total market value of all services produced by factors of production located within a nation's borders. C) the total market value of all goods produced within a nation's borders D) the total market value of all final goods and services produced by factors of production located within a nation's...
Gross national product, GNI is the market value of all final goods and services o consumed by residents of the country anywhere in the world. o produced by residents of the country anywhere in the world. consumed within the country. o produced within the country.
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