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努力旋转的陀螺 · 2022年11月17日

C选项怎么理解?

NO.PZ2016010802000217

问题如下:

A country with a trade deficit will most likely:

选项:

A.

have an offsetting capital account surplus.

B.

save enough to fund its investment spending.

C.

buy assets from foreigners to fund the imbalance.

解释:

A is correct.

A trade deficit must be exactly matched by an offsetting capital account surplus to fund the deficit. A capital account surplus reflects borrowing from foreigners (an increase in domestic liabilities) and/or selling assets to foreigners (a decrease in domestic assets). A capital account surplus is often referred to as a "capital inflow" because the net effect is foreign investment in the domestic economy.

考点:The Trade Balance

解析:当一个国家出现贸易逆差时,就表明该国进口了更多的商品,出口了较少的商品。

资本账户和经常性账户具有此消彼长的关系。经常性账户出现赤字,那么资本账户就会出现盈余,所以A选项正确。

X-M=S-I+(T-G)
根据题意,X-M减少可以产生,S-I减少。这表明国内储蓄的钱不够,需要国外资金支援建设,所以B选项错误。
C选项也说反了,应该是外国人买国内资产以维持平衡,而不是国人买外国资产维持平衡。

外国人买本国商品,本国revenue增加,本国居民saving也增加,所以减少了trade deflicit?

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笛子_品职助教 · 2022年11月17日

嗨,爱思考的PZer你好:


C选项怎么理解?

Hello,亲爱的同学!

同学先了解一个知识点。

经常账户和资本账户,是反向关系。

用公式表示:

经常账户变动 = X -M

资本账户变动 = 负的经常账户变动 = M -X


我们运用这个知识点到本题:

一个国家有经常账户赤字,则对应资本账户盈余,因为这两个账户是反向的。

资本账户盈余,意味着资本账户有资金流入。

而C选项,本国人从外国人手里买资产,意味着本国资金流出本国。也就是资本账户有资金流出。因此C的说法错误,我们不选。

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