HARD
Earn 100

Distinguish between 'Current Account Deficit' and 'Current Account Surplus'.

Important Questions on Open Economy Macroeconomics

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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments
Export and import of goods is also known as:
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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments
Those transactions which are undertaken to cover the deficit or surplus in balance of payments are called _____.
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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments
Unilateral transfer are also known as _____ Transfers.
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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments
"Unilateral Transfers" are also known as:
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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments
Which of the following is a component of Balance of Payment?
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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments
_____ account of a country refers to an account which records exports and imports of goods and services and unilateral transfers during a given period of time.
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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments
Balance on ‘Balance of Trade’ can be:
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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments
If a country exports more goods than what it imports, than the balance of trade is said to be in _____ .
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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments
Which transactions determine the Balance of Trade?
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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments
In Current Account, when value of credit items are more than debit items, it indicates net _____ of foreign exchange.
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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments
What factors determine the flow of foreign exchange in the country?
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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments
Who out of the following is included in “Residents” in BOP transactions?
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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments
'Charity from Abroad' will be recorded on Accounts _____ (credit/debit) side of the Balance of Payment.
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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments
Autonomous transactions take place on:
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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments
_____ is the difference between the value of exports and imports of goods.
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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments
_____ (Autonomous/ Accommodating) transactions are determined by the gap in the Balance of Payments.
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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments
Balance of _____ is narrow concept as compared to balance of payment.
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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments
Equilibrium in Balance of Payments is achieved when the net value of all the receipts and payments is _____ (zero/positive).
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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments
_____ are entered as the negative items in the balance of payment account.
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Economics>Macroeconomics>Open Economy Macroeconomics>Balance of Payments
Balance of Trade is also known as: