Economic theory tells us that countries that grow faster than the global economy as a whole should run a trade [ Select ] surplus deficit , but some of them do not. What do (at least some of) these countries that violate this "rule" have in common? They have [ Select ] rapidly growing populations rapidly aging populations high birth rates and therefore they save [ Select ] more less then they invest.多重下拉选择题
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And finally, using the same information, you expect Italy's trade balance to be ______ in 1990.
Based on the same information, you expect Australia's trade balance to be ______ in 1990.
If a country is running a trade surplus, which of the following is true? Select all that apply.
You have the following data for GDP per capita in 1990 and in 2024: Japan Australia Italy World 1990 $25,265 $18,249 $23,297 $6,803 2024 $33,960 $64,550 $41,090 $14,210 Based on this information, you expect Japan's trade balance to be ______ in 1990. Hint: Compute the average annual growth rate of GDP per capita between 1990 and 2023 for each country and the world economy to answer this question. Round the growth rates to the nearest tenth of a percent.
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