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Chapter 10: Q. 5 (page 265)
At one point Canada’s GDP was billion and its exports were billion. What was Canada’s export ratio
at this time?
Canada's export ratio at that time is.
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Explain briefly whether each of the following would be more likely to lead to a higher level of trade for an economy, or a greater imbalance of trade for an economy.
a. Living in an especially large country
b. Having a domestic investment rate much higher than the domestic savings rate
c. Having many other large economies geographically nearby
d. Having an especially large budget deficit
e. Having countries with a tradition of strong protectionist legislation shutting out imports
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
Both the United States and global economies are booming. Will U.S. imports and/or exports increase?
If you observed a country with a rapidly growing
trade surplus over a period of a year or so, would you be more likely to believe that the country's economy was in a period of recession or of rapid growth? Explain.
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?
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