Question 71 pts
The capital account
measures income flows in and out of the economy. |
is hugely negative in the US economy currently. |
measures net changes in international ownership of assets. |
all of the above. |
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Question 81 pts
Statement I: The U.S. and nearly all other industrial nations now operate on a system of fixed exchange rates. Statement II: In 1971, the U.S. adopted the gold exchange standard.
Statement I is true and statement II is false. |
Statement II is true and statement I is false. |
Both statements are true. |
Both statements are false. |
71. Option 3. Measures net changes in international ownership of assets.
Explanation: Capital account reflects the net changes in the ownership of the physical and financial capital of a nation.
81. Option 4. Both statements are false.?
Explanation: The U.S. and nearly all other industrial nations now operate on a system of flexible exchange rate rather than a fixed exchange rate. Also, the USA abandoned the gold standard in 1971. So, both the statements are false.
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