If the value of a nation’s imports exceeds the value of its exports, which of the following is NOT true?
A. If the value of a nation’s imports exceeds the value of its exports, which of the following is NOT true?
a. Net exports are negative.
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Order Paper Nowb. GDP is less than the sum of consumption, investment, and government purchases.
c. Domestic investment is greater than national saving.
d. The nation is experiencing a net outflow of capital.
B. I f a nation’s currency doubles in value on foreign exchange markets, the currency is said to
_________, reflecting a change in the _________ exchange rate.
a. appreciate; nominal
b. appreciate; real
c. depreciate; nominal
d. depreciate; real
C. I f the U.S. dollar appreciates and prices remain the same at home and abroad, foreign goods become _________ expensive relative to American goods, pushing the U.S. trade balance toward _________.
a. more; surplus
b. more; deficitc. less; surplus
d. less; deficit
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