International Finance Theory and Policy
by Steven M. Suranovic

Trade 5

Finance 5

Finance Questions Jeopardy 5-1

DIRECTIONS: As in the popular TV game show, you are given an answer to a question and you must respond with the question. For example, if the answer is "a tax on imports," then the correct question is "What is a tariff?"
  1. a measure of national output occurring within the nation's borders.
  2. a measure of national output including all production by domestic factors regardless of location.
  3. a measure of the value of all capital equipment and services purchased during a year.
  4. a country's financial account balance when its trade balance is - $60 billion and its service balance is + $25 billion.
  5. the level of government spending when the government deficit is $100 billion, transfer payments are $800 billion and tax revenues are $1300 billion.
  6. term describing an excess of government receipts over expenditures.
  7. international transactions for shares of stock in corporations (in excess of 10% of the company's value) or for real estate.
  8. term describing national income minus taxes plus transfer payments.
  9. the balance on a country's financial account when its current account has a deficit of $80 billion.
  10. the financial account balance when foreigners buy more domestic assets than domestic residents buy of theirs during a year.

International Finance Theory and Policy - Chapter 5: Last Updated on 1/4/08