Homeowork 1, International Economics

Assignment Help:
Canadian consumers have 50 dollar in come this is eual to the gross domestic product. they spand 35 dollars on comuser goods (25 on canadian goods annd 10 on imports) they save 8 dollars and pay 7 dollars in taxes. the goverment collectss 7 dollar sin domestic investment spending. The goverment and firms buy no imports. what is canada''s current account (surplus or deficit) balance? Explain how you go your answer.

Related Discussions:- Homeowork 1

Discuss differences between absolute ppp and relative ppp, Discuss the diff...

Discuss the differences between Absolute PPP and Relative PPP . Answer:  Absolute Purchasing Power Parity (PPP) states that the exchange rate between two currencies equals the

What is the policy of sterilization, Q. What is the policy of steri...

Q. What is the policy of sterilization? Give an example. Answer: • Untainted foreign exchange intervention - policy by which central banks perform equal foreign

Why is the u.s. dollar considered a vehicle currency, Q. Explain what a "v...

Q. Explain what a "vehicle currency" is. Why is the U.S. dollar considered a vehicle currency? Answer: A vehicle currency is one specifically widely used to denominate inter

Conditions of domestic internal scale economies, Q. Why is it that an indu...

Q. Why is it that an industry is performing under conditions of domestic internal scale economies (applies to firm in the country) - then the resultant equilibrium can't be consis

What is international relationship, International relations (IR) is the stu...

International relations (IR) is the study of relationships among countries, including the roles of states, inter-governmental organizations (IGOs), international nongovernmental or

What illustrate argentinas regress from riches to rags, Q. Illustrate why ...

Q. Illustrate why Argentina, one of the world's richest countries at the begning of the twentieth century, has become progressively poorer relative to the industrial countries. [

Explain the partial globalization of international finance, Explain the Par...

Explain the Partial Globalization of International Finance

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd