ECO-322Assignment10 - Assignment 9 (Chapter 10) 1. On the...

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Unformatted text preview: Assignment 9 (Chapter 10) 1. On the balance-of-payments statements, merchandise imports are classified in the: a) Current account b) Capital account c) Unilateral transfer account d) Official settlements account 2. The balance of international indebtedness is a record of a country's international: a) Investment position over a period of time b) Investment position at a fixed point in time c) Trade position over a period of time d) Trade position at a fixed point in time 3. Which balance-of-payments item does not directly enter into the calculation of the U.S. gross domestic product? a) Merchandise imports b) Shipping and transportation receipts c) Direct foreign investment d) Service exports 4. Which of the following would call for inpayments to the United States? a) American imports of German steel b) Gold flowing out of the United States c) American unilateral transfers to less-developed countries d) American firms selling insurance to British shipping companies 5. Which of the following is classified as a credit in the U.S. balance of payments? a) U.S. exports b) U.S. gifts to other countries c) A flow of gold out of the U.S. d) Foreign loans made by U.S. companies 6. Table 10.1 gives hypothetical figures for U.S. International Transactions. On the basis of this information, answer the question(s). Table 10.1. U.S. International Transactions Amount Transaction (billions of dollars) Merchandise imports -110 Military transactions, net -5 U.S. private assets abroad -50 Merchandise exports 115 Investment income, net 15 Unilateral transfers -25 Foreign private assets in the U.S. 25 Compensation of employees -5 Allocation of SDRs 5 Travel and transportation receipts, net 20 Refer to Table 10.1. The goods and services balance equals: a) $5 billion b) $15 billion c) $20 billion d) $25 billion 7. Table 10.1 gives hypothetical figures for U.S. International Transactions. On the basis of this information, answer the question(s)....
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ECO-322Assignment10 - Assignment 9 (Chapter 10) 1. On the...

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