【ACCA选择题】
第一题:A surplus on the balance of payments usually refers to a surplus or deficit on the........................................account.
Which word correctly complete this statement?
A Current
B Capital
C Financial
第二题:Northland,Southland,Eastland and Westland are four countries of Asia.The following economic statistics have been produced for the year 2007.
Country Northland Southland Eastland Westland
Change in GDP(%)–0.30+2.51–0.55+2.12
Balance of payments current account($m)+5550.83–350.47–150.90+220.39
Change in consumer prices(%)+27.50+15.37+2.25+2.15
Change in working population employed(%)–4.76+3.78+1.76–8.76
Which country experienced stagflation in the relevant period?
A Northland
B Southland
C Eastland
D Westland
第一题:【A】Rationale:It is particularly tempting to equate a trade surplus or deficit with a'profit'or'loss'forthe country,but this is not the case.
第二题:【A】Examiner's comments.The examiner commented that some students struggled with this
question.Stagflation occurs when economic growth(defined by the change in national income in
a period)is low or negative,and inflation is high.So the relevant figures are percentage change in
GDP and change in consumer prices.Northland and Eastland both experienced negative growth,
however,Northland had a high level of price inflation as well and so A is the correct option.