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Final

Quiz_final_exam_April07.pdf

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Department
Economics
Course
ECO2121
Professor
Carolyn Gordon
Semester
Winter

Description
ECO2121B ECONOMICS OF GLOBALIZATION QUIZ FOR FINAL EXAM Lecture 7 National Income Accounting and the Balance of Payments Questions 1 What is the difference between GNP and GDP GNP and National Income 2 Name the main components of GNP 3 Define the Net National Product NNP 4 Describe the current account balance and relate it to net foreign wealth 5 How is the current account balance related to investment and to national saving Can we also relate current account balance to private saving investment budget deficit 6 What is the Ricardian Equivalence of taxes and government deficits Lecture 8 Financial Globalization Opportunity and Crisis Questi
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