MGT491H5 Final: Final Exam Study Notes - Chapter 10-The International Monetary System

33) The balance of payments refers to: a) the difference in exchange rates between two countries the difference between money flowing into and out of a country as a result of trade and other transactions the relative difference between money flowing into and out of a country the relative difference in value between a country's total exports and its total imports the difference in value between a country's total exports and its total imports d)

27) From this information we can say the following about the Gross National Product (GNP) of Calexico. a) b) c) d) between 2010 and 2011, GNP grew between 2010 and 2011, GNP fell between 2010 and 2011, GNP stayed the same we don't have enough information to determine changes to GNP

27) From this information we can say the following about the Gross National Product (GNP) of Scarbonia. a b) between 2007 and 2008, GNP grew between 2007 and 2008, GNP fell between 2007 and 2008, GNP stayed the same we don't have enough information to determine changes to GNP d)