Question 6 1 pts Government savings, S, is equal to O T-G Question 7 1 pts In an

Question

Question 6 1 pts Government savings, S, is equal to O T-G Question 7 1 pts In an open economy, private saving, S", is equal to O I CA+(G T. O I-CA(G T O I-CA (G T) DQuestion 8 1 pts You travel to Paris and pay for a $100 dinner with your credit card. How is this accounted for in the balance of payments? O current account, French service import O financial account, U.S. asset export/sale O current account, U.S. good export/sale O financial account, French asset export./sale O financial account, U.S. asset import

Explanation / Answer

Q6
Option 5
Government saving = Tax revenue (T) – Government purchases (G)

Q7
Option 5
Private saving = Investment + Current account balance+ Government budget deficit

Q8
Option 2
The financial account is a measurement international ownership of assets and is a part of balance of payment. Since it a consumption of foreign good it is accounted as US asset export  

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