NO.PZ2022071403000044
问题如下:
Question
In a country with a high level of income, as domestic income rises, it is most likely that an increase will occur in:
选项:
A.the fiscal balance. B.private saving and investment. C.the trade balance.解释:
SolutionB is correct. In a country with a high level of income, as domestic income rises, private saving and investment will increase.
A is incorrect. The fiscal balance is given by G – T. An increase in domestic income leads to an increase in net taxes. Government’s fiscal balance will decrease (smaller deficit or larger surplus).
C is incorrect. The trade balance is given by X – M. An increase in domestic income leads to an increase in imports and lower net exports. The trade balance will decrease.
我的逻辑是: domestic income increases导致wealth增加,导致price level下降, 导致利率下降,导致汇率下降,导致净出口增加,导致trade balance增加。请问我的逻辑哪里有误?