Chapter 10: Q. 4 (page 265)
In what way does comparing a country’s exports to GDP reflect its degree of globalization?
When comparing a country's exports to GDP, the percentage measure when positive shows a high degree of globalization and when negative shows a low degree of globalization.
Over 30 million students worldwide already upgrade their learning with Vaia!
All the tools & learning materials you need for study success - in one app.
Get started for free
In recent decades, has the U.S. trade balance usually been in deficit, surplus, or balanced?
If domestic investment increases, and there is no change in the amount of private and public saving, what must happen to the size of the trade deficit?
What are the main components of the national savings and investment identity?
When is a trade deficit likely to work out well for an economy? When is it likely to work out poorly?
State whether each of the following events involves a financial flow to the U.S. economy or away from the U.S. economy:
a. Export sales to Germany
b. Returns paid on past U.S. financial investments in Brazil
c. Foreign aid from the U.S. government to Egypt
d. Imported oil from the Russian Federation
e. Japanese investors buying U.S. real estate
What do you think about this solution?
We value your feedback to improve our textbook solutions.
