chap 1 Flashcards
1
Q
Why exchange rate matter?
A
- change price of goods
- change prices of assets
2
Q
what is the name at national level for income measure?
A
- Gross national disposable income
3
Q
what is the name at national level for expenditure measure?
A
- Gross national disposable
4
Q
what is the name at international level for external wealth ?
A
net worth
5
Q
what is a common currency ? and example
A
a currency to simplify transactions with countries that shared policy responsibility
example : eurozone
6
Q
situation when a country use other currency that have not policies control :
example:
A
Dollarization
7
Q
what the Spence report show?
A
Economic growth basic :
- openness
- macroeconomic stability
- future orientation
- market allocation (price and resources movement)
- leadership
