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ZAA · 2019年11月06日

问一道题: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。

就这个经常性账户和资本账户我不大懂,比如这个公式S-I=G-T=X-M,哪个代表经常,哪个代表资本?题目说的减少的赤字是指代哪一部分

1 个答案
已采纳答案

源_品职助教 · 2019年11月06日

经常账户说的是进出口的问题,可以表示成X-M或者M-X。比如X-M小于0,代表的是贸易赤字,也就是经常性账户赤字。假设该国收支平衡,也就是T=G,那么等式右边必然有S小于I,这时候就代表国内储蓄不能支持该国的投资。为了满足该国投资,我们就要引进外资。资金流的账户就是资本账户。既然有资金流流入,所以资本账户为正,盈余。

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