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𝒜𝒩𝒥𝒜 安雅🎃 · 2021年10月10日

贸易赤字和capital account此消彼长的关系

NO.PZ2016010801000119

问题如下:

In order to reduce trade deficit in a country, a feasible way is

选项:

A.

Increasing its capital account surplus.

B.

Decreasing expenditures relative to income.

C.

Decreasing domestic saving relative to domestic investment.

解释:

B is correct.

In a country, decreasing a capital account surplus will improve a country trade deficit, which means domestic savings increase relative to domestic investment. Domestic savings increase means decreasing expenditures relative to income. A large capital account surplus (an increase in net foreign borrowing) and a greater trade deficit is consistent with decreasing domestic saving relative to domestic investment.

考点:The Trade Balance

解释:在一个国家,减少资本账户盈余将改善该国的贸易赤字,这意味着国内储蓄相对于国内投资有所增加。所以A错误,B正确。

而国内储蓄的增加意味着支出相对于收入的减少。所以C错误。

巨额资本账户盈余(净外国借款的增加)和更大的贸易逆差,与国内储蓄相对于国内投资的减少是一致的。


老师好,我有两个疑问:


  1. 原版书第451页写着A trade deficit must be exactly matched by an offsetting captial account surplus. 根据这句话,为什么不能选A?如果贸易赤字和captial account是此消彼长的关系,那么“要减少贸易赤字就要增加capital surplus" 有什么错?
  2. 这题该用哪个公式去想比较正确?X-M=(S-I)+(T-G),还是X-M=Y-(C+I+G)?我分不清这两条公式分别适用的场景。


1 个答案

丹丹_品职答疑助手 · 2021年10月12日

嗨,努力学习的PZer你好:


同学你好,关于你的问题1,因为题干说的是要reduce trade deficit所以是需要decrease capital account surplus的

问题2,这两个公式都要结合用,主要看题干中问的要素符合哪个公式,这一类问题咱们记得在分析的时候之分析选项中要素变动对(x-m)的影响,而默认其他要素不变这个逻辑就行

----------------------------------------------
虽然现在很辛苦,但努力过的感觉真的很好,加油!

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