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Victutu · 2020年01月16日

问一道题:NO.PZ2016010801000053

问题如下:

All else equal, which of the following was not a factor to increase the government deficit?

选项:

A.

an increase in the excess of private saving over private investment.

B.

an increase in net export.

C.

a increase in trade deficit

解释:

B is correct.

The fiscal balance equation is given as: (G-T)=(S-I)-(X-M), An increase in government deficit (G-T) is a combination of increase in private saving over private investing (S-I) and a decrease of trade deficit or net export (X-M).

考点:Relationship between Income Approch and Expenditure Approach

解析:

财政平衡方程为:(G-T)=(S-I)-(X-M),政府赤字(G-T)的增加的同时,私人储蓄增加超过私人投资(S-I),或者贸易赤字或净出口(X-M)减少,所以AC选项不入选,B选项入选。

百度百科:贸易差额又称净出口贸易余额。经济学上为了方便,常以NX(Net Exports,即净出口)符号代替。

B.

an increase in net export.

C.

a increase in trade deficit

照这个逻辑,net exports=trade deficit,那B和C意思一样啊,都是增长,是题目错了么?

1 个答案

源_品职助教 · 2020年01月16日

net export的意思是净出口,是出口减去进口。

通常情况下,没有特别说明,net export是正数,表示贸易盈余,也就是 trade suplus,是出口大于进口的情况。

而 trade deficit 是贸易赤字,也就是出口小于进口的情况。所以 net exports=-trade deficit

PS,百度百科很多术语解释和CFA官方定义差别很大,建议不要参考。

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