______________________________________________________________________________________________________________
Chapter5
1．CATGSpIaGive
theaboveequatio
whatarethethreewaystheUScouldreduceitscurre
taccou
tdeficitbIthasrece
tlybee
suggestedthattheUSgover
me
tputarestrictio
o
importsfromChi
ai
ordertoreducethecurre
taccou
tdeficitHowwouldhigherUSbarrierstoimportsaffectprivatesavi
gsdomestici
vestme
ta
dthegover
me
tbudgetdeficitA
swer：aRaisetaxesreducegover
me
tspe
di
ga
di
stitutegover
me
tcampaig
storaiseprivatesavi
gsbHigherUSbarrierstoimportsmayhavelittleor
oimpactupo
privatesavi
gsi
vestme
ta
dthebudgetdeficitIftherewere
oeffecto
thesevariablesthe
thecurre
taccou
twould
otimprovewiththeimpositio
oftariffsorquotasItispossibletotellstoriesi
whichtheeffecto
thecurre
taccou
tgoeseitherwayForexamplei
vestme
tcouldrisei
i
dustriesprotectedbythetariffworse
i
gthecurre
taccou
tI
deedtariffsaresometimesjustifiedbythealleged
eedtogiveaili
gi
dustriesacha
cetomoder
izetheirpla
ta
dequipme
tO
theotherha
di
vestme
tmightfalli
i
dustriesthatfaceahighercostofimportedi
termediategoodsasaresult
精品资料
f______________________________________________________________________________________________________________
ofthetariffI
ge
eralperma
e
ta
dtemporarytariffshavediffere
teffectsThepoi
tofthequestio
isthatapredictio
ofthema
eri
whichpoliciesaffectthecurre
taccou
trequiresage
eralequilibriummacroeco
omica
alysis
2．Ca
youthi
kofreaso
swhyagover
me
tmightbeco
cer
edaboutalargecurre
taccou
tdeficitorsurplusA
wer：Acurre
taccou
tdeficitorsurplusisasituatio
whichmaybeu
sustai
ablei
thelo
gru
Therearei
sta
cesi
whichadeficitmaybewarra
tedforexampletoborrowtodaytoimproveproductivecapacityi
ordertohaveahigher
atio
ali
cometomorrowButfora
yperiodofcurre
taccou
tdeficittheremustbeacorrespo
di
gperiodi
whichspe
di
gfallsshortofi
comeieacurre
taccou
tsurplusi
ordertopaythedebtsi
curredtoforeig
ersI
theabse
ceofu
usuali
vestme
topportu
itiesthebestpathfora
eco
omymaybeo
ei
whichco
sumptio
relativetoi
comeissmoothedoutovertime
3Co
siderthefollowi
gi
formatio
aboutacou
try’si
ter
atio
altra
sactio
sduri
gayear
精品资料
f______________________________________________________________________________________________________________
aCalculatethevaluesofthecou
try’smercha
disetradebala
cegoodsa
dservicebala
cea
dthecurre
taccou
tbala
cebCalculatethecha
gesi
holdi
gsofofficiali
ter
atio
alreservesIsthecou
tryi
creasi
gordecreasi
gits
etholdi
gsofofficialreserveassetscCalculatetheprivatecapitar