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Home  arrow Student Resources  arrow Chapter 12: National Income Accounting and the Balance of Payments  arrow Quiz

Quiz



This activity contains 10 questions.

Question 1.
What is the difference between GNP and GDP?

 
End of Question 1


Question 2.
If imports and exports are insignificant, then national income accounting shows that

 
End of Question 2


Question 3.
Which of the following is NOT recorded in the balance of payments?

 
End of Question 3


Question 4.
A purchase of foreign reserves by a country's central bank would be reflected as

 
End of Question 4


Question 5.
What does the term "balance of payments deficit" refer to?

 
End of Question 5


Question 6.
Which of the following is NOT true about the current account?

 
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Question 7.
If a U.S. company buys a product from an Indian company, and the Indian company deposits the payments in a Indian branch of an American bank, then this transaction will be reflected in the U.S. balance of payments as

 
End of Question 7


Question 8.
Suppose that a Japanese tourist goes to a casino in Las Vegas and pays from his bank account at a Japanese bank using his bank card. This transaction will be reflected in the U.S. balance of payments as

 
End of Question 8


Question 9.
If a U.S. bank forgives debt owed by an Argentinean firm, then this transaction will be reflected in the U.S. balance of payments as

 
End of Question 9


Question 10.
What is the official settlements balance?

 
End of Question 10





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