Author Question: Suppose that the U.S. government gives foreign aid to Turkey. This transaction would directly A) ... (Read 54 times)

casperchen82 · **on:** Jun 29, 2018

Suppose that the U.S. government gives foreign aid to Turkey. This transaction would directly

A) increase the U.S. current account.
B) decrease the U.S. current account.
C) increase the U.S. capital and financial account.
D) decrease the U.S. capital and financial account.

Question 2

According to UNESCO reporting, Governments in North America and Western Europe invested the highest shares of national resources in education: 5.6 percent of GDP. As a result, we would expect ________, all else held constant. www.worldometer

info A) higher economic growth rates in these countries compared to other countries
B) lower economic growth rates in the countries because fewer resources can be devoted to innovation
C) lower research and development spending and lower economic growth unless the governments can raise taxes
D) lower saving rates and slower economic growth