Suppose the country of Lilliput exported $293 billion worth of goods and imported $473 billion worth of goods in the last Calendar year. a. Calculate Lilliput's balance of trade. $ b. Which type of trade balance is Lilliput running? billion
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- Many think that the size of a trade deficit is due to a lack of competitiveness of domestic sectors, such as autos. Explain why this is not true.If foreign investors buy more U.S. stocks and bonds, how would that show up in the current account balance?State whether each of the following events Involves a financial flow to the Mexican economy or a financial flow out of the Mexican economy: Mexico Imports sen4ces from Japan Mexico exports goods to Canada U.S. investors receive a return from past financial investments in Mexico
- If the trade deficit of the United States increases, how is the current account balance affected?Explain briefly whether each of the following would be more likely to lead to a higher level of trade for an economy, or a greater imbalance of trade for an economy. Living In an especially large country Having a domestic investment rate much higher than the domestic savings rate Having many other large economies geographically nearby Having an especially large budget deficit Having countries with a tradition of strong protectionist legislation shutting out importsIf domestic Investment increases, and there is no change in the amount of private and public saving, what must happen to the size of the trade deficit?
- What problem is most directly associated with a trade deficit? O fixed exchange rates O devaluation of a nation's currency O unemployment in import industries. O inflationWhat happens when a country's economy has a larger participation in foreign trade? It has an underlying trade imbalance. O It has a substantial trade imbalance. O It is more likely to suffer a larger trade imbalance. O It may measure its exports as a share of GDP.In one yeer the United States had a current eccount delicit of -$358 billion, The balance on the capital account was-$5 billion. What was the balance on the financial account? Multpe Chokce $3 blion $353 bilon -$363 billon -$358 bilon -$363 was incorrect The U.S. often has a significant surplus in services trade, even though it has a deficit in goods trade. True or False True False
- A trade deficit occurs when a nation imports more than it exports. O True O Falseshould imports to the united states be curtailed by, say 20 perent to eliminate our trade deficit?a. Discuss the ways that running a trade deficit could result in either a healthy economy or a weaker economy b. What factors determine a country’s level of trade? What is the difference between the balance of trade and level of trade?