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1、INTB336-InternationalMooneyandFinanceProf.MariaPiaOlliveroHomeworkAssignnment#1(onchapter13)Question1:(10points)Fillinthefollowingtable.Question2:(10points)Statetheequationthatrelatesthecurrentaccounttothecapitalaccountandthefinancialaccount.(2.5points)Argentinaiscurrent
2、lyrunningagovernmentbudgetsurplusof2%ofitsGDP,theprivatesectorissaving5%ofitsGDP,andtheprivateinvestmentrateis3%.WhatisthecurrentaccountbalanceasapercentageofGDP?(2.5points)IsArgentinnarunningaCAsurplusordeficit?(2.5points)Isthecountryborrowingfromabrroadorlendiingtother
3、estoftheworld?(2.5points).Question3:(10points)DefineGNP(2.5points),GDP(2.5points)andstatetheequationthatstatestherelationshipbetweenthesetwoconcepts(5points).Question4:(5points)Explainhoweverythingelseconstant,alargegovernmentdeficitcausesCAdeficits.1Question5:(20points–
4、2each–1pointforeachBOPentry)Explainhoweachofthefollowingtransactionsgeneratestwoentries–acredit(+)andadebit(-)–intheUSbalanceofpaymentsaccounts.Describehoweachentryshouldberecordedinthegoods,services,incomereceiptsandpayments,unilateraltransfers,and/orfinancialaccounts.a
5、)ABritishinvestorpurchasessharesofMicrosoftworth$5,000fromanAmericaninvestor.HepaystheAmericanresidentbywritingacheckonhisaccountintheBritishbank.b)AnAmericanvisitsFrance.Shespends$1,000dollarsonadayshopping.ShepayswithatravelercheckonanAmericanbank.c)AnAustrianinvestorp
6、urchasesGEsharesworth$1,000,000fromanAmericaninvestor.HepaystheAmericanresidentbywritingacheckonhisaccountwithErsteBank(anAustrianbank).d)AnAmericanoilimporterimportsoilworth$2,000,000fromKuwait.ThepaymentismadeoutofaCitibankbankaccount.e)AFrenchresidentreceivesinteresti
7、ntheamountof$500,000ontheUSTreasurybillssheboughtlastyear.ShereceivesacheckfromtheTreasury,whichshedepositsatherlocalFrenchbank.f)YouownaliquorstoreinNewJerseyandimportacontainerofFrenchwinefor$1million.TheFrenchvineyarddepositsyourcheckinaUSbank.g)YouareatouristinItalya
8、ndpay$500foryourhotelusingyourcreditcard.TheItalianhotelreceivesthepaymentfromyourcreditcardcompany.h)Y
