Author Question: The term balance of payments refers to a nation's: a. goods exports minus imports. b. record of all ... (Read 96 times)

imanialler · **on:** Jun 30, 2018

The term balance of payments refers to a nation's:
a. goods exports minus imports. b. record of all international transactions.
c. capital inflows minus outflows. d. official reserves inflows minus outflows.

Question 2

If income increases from 110,000 to 120,000 and consumption from 108,000 to 114,000 . the marginal propensity to consume is:
a. 0.40.
b. 0.60.
c. 0.94.
d. 1.60.