Author Question: If you marry your electrician: a. Real and nominal GDP rise. b. Real GDP rises but nominal GDP ... (Read 115 times)

Ebrown · **on:** Jun 30, 2018

If you marry your electrician:
a. Real and nominal GDP rise.
b. Real GDP rises but nominal GDP falls.
c. Real GDP falls, but nominal GDP rises.
d. Real and nominal GDP fall.
e. There is no change in real or nominal GDP.

Question 2

What effect does the following transaction have on the U.S. balance of payments? (Choose the proper debit and credit entries.)Ford Motor Company (U.S.) purchases automobile parts from Mexico and agrees to pay the Mexican supplier in Mexican pesos in 90 days.
a. Debit the U.S. financial account; credit the U.S. current account.
b. Credit the U.S. financial account; debit the U.S. current account.
c. Debit the U.S. financial account; credit the U.S. financial account.
d. Credit the U.S. financial account; debit errors and omissions.