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Hugo(Xie Lanzhi) · 2020年04月21日

问一道题:NO.PZ2016010802000219

问题如下:

A country with a persistent trade surplus is being pressured to let its currency appreciate. Which of the following best describes the adjustment that must occur if currency appreciation is to be effective in reducing the trade surplus?

选项:

A.

Domestic investment must decline relative to saving.

B.

Foreigners must increase investment relative to saving.

C.

Global capital flows must shift toward the domestic market.

解释:

C is correct.

The trade surplus cannot decline unless the capital account deficit also declines. Regardless of the mix of assets bought and sold, foreigners must buy more assets from (or sell fewer assets to) domestic issuers/investors.

考点:The Trade Balance

解析:经常性账户和资本账户是此消彼长的两个账户。

经常账户与资本平衡。经常性账户盈余的消失那么资本账户赤字也必须消失,这就代表外资流入。C选项正确。

依据公式(X-M)=(S-I)+(T-G)。

投资I减小,等式右边变大,左边也会相应变大,经常性账户盈余还会增加,A选项错误。

外国人要增加对于经常性账户赤字出口国的投资才行。外国人只投资自己国家不解决问题,所以B选项错误。

这道题没懂,求解释,题目也没看懂。不知道在说什么,考的哪个知识点?

3 个答案

丹丹_品职答疑助手 · 2020年07月12日

同学你好,表述有点问题:题目中要求reduce trade surplus即要变成贸易赤字,及X-M<0的情况。根据公式(X-M)=(S-I)+(T-G)需要右边部分也减小

对于A选项,当I相对于S减小,意味着(s-i)变大,不可选。

B选项国外国家的投资与saving 的关系对本国公式的理解不确定

C选项中需要结合BOP账户的知识而不是上述公式,题干中的经常账户盈余会带来资本账户的赤字,所以资本账户的赤字减少,经常账户盈余会减少。请知悉

Hugo(Xie Lanzhi) · 2020年04月23日

还有公式当中哪个是资本账户?

丹丹_品职答疑助手 · 2020年04月22日

嗨,爱思考的PZer你好:


同学你好,本题考查 BOP账户的平衡,以及对(X-M)=(S-I)+(T-G)公式的理解。

首先,题干中说的trade surplus指的是 x-m<0,即经常账户中出口的赤子,在赤子的情况下如何解决:

A选项investment变小,(s-i)更大,会恶化

B选项国外国家的投资与saving 的关系对本国公式的理解不确定

根据BOP账户平衡,题干中的经常账户盈余会带来资本账户的赤字,所以资本账户的赤字减少,经常账户盈余会减少,从而减资本账户盈余的影响。符合题干要求。

 

 


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Hugo(Xie Lanzhi) · 2020年04月23日

不好意思,请问解答出发点是否错误,trade surplus经过我确认是贸易盈余。

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