Current account is given by the equation: A) CA = IM - EX ...

[karen]

Current account is given by the equation:
 
  A) CA = IM - EX (measured in terms of domestic output).
  B) CA = IM - EX (measured in terms of foreign output).
  C) CA = EX - IM (measured in terms of domestic output).
  D) CA = EX - IM (measured in terms of foreign output).
  E) CA = EX + IM (measured in terms of domestic output).

Question 2

Refer to the production possibility graph above. Assume that the economy is in equilibrium at point e. If there is an increase in the wage rate, the new equilibrium is most likely to be
 
  A) point e.
  B) point d.
  C) point f.
  D) point h.
  E) point b.

[Animal_Goddess]

Answer to Question 1

C

Answer to Question 2

A

[karen]

Correct answers!

[Animal_Goddess]

Great! Please up vote