A Country Has $100 Million of Net Exports and $170

question 151

Multiple Choice

A country has $100 million of net exports and $170 million of saving.Net capital outflow is

• A)$70 million and domestic investment is $170 million.
• B)$70 million and domestic investment is $270 million.
• C)$100 million and domestic investment is $70 million.
• D)None of the above is correct.

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Definitions:

Microeconomist

A specialist in microeconomics, which deals with the economic behavior of individuals, households, and firms, and how decisions are made on the allocation of resources.

Macroeconomist

An economist who specializes in macroeconomics, studying aggregated indicators and the behavior of the economy as a whole, including inflation, unemployment, and economic growth.

Normative Statement

A statement that reflects an opinion, value judgment, or what ought to be, rather than what is empirically verifiable.

Positive Statement

An objective statement based on facts that can be tested and validated, used in contrast to normative statements which express opinions or what ought to be.