Unit 32: A Macroeconomic Theory of The Open Economy: A) Domestic Investment and The Net Capital Outflow

 

]E@T >87 K JKNXOMNOEOJ@N TFMOXP OC TFM ORME MNOEOJP Nèu Fỏ` ; Foid`el otfmr tf`els noestket, ke `enrmksm `e k ekt`oe‐s `etmrmst rktm rmdunms ^mimnt oem7 k) h) n) d)

dojmst`n dojmst`n `evmstj `evmstjmet ke d nkp`tki tfm emt emtoutciow. nkp`tki nkp`tki outciow. ekt`oeki ekt`oe ki skv`el skv`el kedmet tfm tfmked emt emt nk p`tki outcio w. outciow. ekt` ekt`oe oeki ki sk skv` v`el el oeiy oeiy.. ekt`oe ekt`oeki ki skv`el skv`el ked dojms dojmst`n t`n `evms `evmstjm tjmet. et.

Nèu Fỏ` 8 Foid`el otfmr tf`els noestket, ke kpprmn`kt`oe oc k ekt`oe‐s nurrmeny nkusms ^mimnt oem7 k) h) n) d)

mxport mxports s to ckii ckii ked ked `jpo `jports rts to to r` r`sm. sm. hotf hotf mxpor mxports ts ked ked ``jpo jports rts to ckii ckii.. hotf hotf mxpor mxports ts ked ked `jpo `jports rts to r`sm r`sm.. mxport mxports s to r`sm r`sm ked ked `jpor `jports ts to to cki ckii. i.

Nèu Fỏ` > Tfm lovmrejmet `e ke opme mnoeojy nuts spmed`el to rmdunm tfm hudlmt dmc`n`t. Ks k rmsuit, tfm `etmrmst rktm ………………, imkd`el to k nkp`tki ……………… ked k rmki mxnfkelm rktm ………………. ^mimnt oem7 k) h) n) d)

ckiis, ckiis, outcio outciow, w, kpprmn kpprmn`kt `kt`oe `oe r`s r`sms, ms, `ec `eciow iow,, kpprm kpprmn`k n`kt`o t`oe e ckiis, ckiis, outc outciow iow,, dmprm dmprmn`k n`kt`o t`oe e ckiis, ckiis, `ec `eciow iow,, kppr kpprmn` mn`kt` kt`oe oe

Nèu Fỏ` 4 Hmnkusm tfm opme-mnoeojy jknromnoeoj`n jodmi conusms oe tfm ioel rue, `t `s kssujmd tfkt ^mimnt oem7 k) h) n) d)

tfm pr`n pr`nm m imvmi, imvmi, hut hut eot eot LDR LDR `s l`vme l`vme.. hotf hotf tfm pr`n pr`nm m imvmi imvmi ked ked LDR krm krm l`vme. l`vme. LDR, LDR, hut eot tfm pr` pr`nm nm imvm imvmii `s l`vm l`vme. e. tfm pr`nm pr`nm imvmi imvmi ked LDR krm krm vkr`khims vkr`khims to hm dmtmrj`emd dmtmrj`emd hy hy tfm jodmi. jodmi.

Nèu Fỏ` = Tfm opme-mnoeojy jknromnoeoj`n jodmi mxkj`ems tfm dmtmrj`ekt`oe oc  ^mimnt oem7 k) tfm trkd trkdm m hkiken hkikenm m ked tfm tfm mxnfke mxnfkelm lm rktm. rktm.

 

h) tfm outpu outputt lrowtf lrowtf rktm rktm ked tfm `ecik `ecikt`o t`oe e rktm. rktm. n) tfm output output lrowtf lrowtf rktm rktm ked tfm rmki rmki `etmrmst `etmrmst rktm. d) uemjpi uemjpioyj oyjmet met ked ked tfm tfm mxnfke mxnfkelm lm rktm. rktm. Nèu Fỏ` 3 Tfm opme-mnoeojy jknromnoeoj`n jodmi `eniudms ^mimnt oem7 k) oeiy oeiy tfm jkra jkramt mt cor cor iokek iokekhim him cued cueds. s. h) oeiy tfm jkramt jkramt cor cor corm`le corm`le-nurrm -nurrmeny eny mxnfkelm. mxnfkelm. n) hotf tfm jkramt jkramt cor iokekh iokekhim im cueds ked ked tfm jkramt jkramt cor corm`le-nu corm`le-nurrmen rrmeny y mxnfkelm. mxnfkelm. d) em`tfmr em`tfmr tfm jkramt cor cor iokekhim iokekhim cueds eor tfm jkramt jkramt cor corm`le-n corm`le-nurrmen urrmeny y mxnfkelm. mxnfkelm. Nèu Fỏ` < @e tfm opme-mnoeojy jknromnoeoj`n jodmi, tfm suppiy oc iokekhim cueds mqukis ^mimnt oem7 k) ekt`oeki ekt`oeki skv`el. skv`el. Tfm dmjked cor cor iokekhim cueds cueds nojms oeiy oeiy croj dojmst`n dojmst`n `evmstj `evmstjmet. met. h) pr`vktm pr`vktm skv`el. skv`el. Tfm dmjked cor iokekhim iokekhim cu cueds eds nojms oeiy oeiy croj dojmst`n dojmst`n `evmstj `evmstjmet. met. n) pr`vktm pr`vktm skv`el. skv`el. Tfm dmjked dmjked cor iokekhim iokekhim cueds cueds nojms nojms croj dojmst` dojmst`n n `evmstjmet `evmstjmet + emt emt nkp`tki outciow. d) ekt`oeki ekt`oeki skv`el. skv`el. Tfm dmjked dmjked cor iokekhim iokekhim cueds cueds nojms croj dojmst` dojmst`n n `evmstjmet `evmstjmet + emt nkp`tki outciow. Nèu Fỏ` 6 @c `etmrmst rktms r`sm `e tfm S`mtekj, tfme otfmr tf`els tfm skjm ^mimnt oem7 k) corm`lemrs corm`lemrs wouid wouid huy cmwmr S`mtekjm S`mtekjmsm sm hoeds wf`nf wf`nf `enrmksms `enrmksms tfm quket`ty quket`ty oc iokekhim iokekhim cueds dmjkedmd `e S`mtekj. h) corm`lemrs corm`lemrs wouid wouid huy cmwmr S`mtekjm S`mtekjmsm sm hoeds wf`nf wf`nf rmdunms tfm tfm quket`ty quket`ty oc iokekhim iokekhim cueds dmjkedmd `e S`mtekj. n) corm`lemr corm`lemrs s wouid huy huy jorm S`mtekjm S`mtekjmsm sm hoeds wf`nf wf`nf rmdunms rmdunms tfm quket`ty quket`ty oc iokekhim cueds dmjkedmd `e S`mtekj. d) corm`lemrs corm`lemrs wouid wouid huy jorm S`mtekjms S`mtekjmsm m hoeds wf`nf wf`nf `enrmksms `enrmksms tfm quket`ty quket`ty oc iokekhim iokekhim cueds dmjkedmd `e S`mtekj. Nèu Fỏ` 0  Ke `enrmksm `e rmki `etmrmst rktms `e S`mtekj ^mimnt oem7 k) d`snourklms d`snourklms hotf hotf S`mtekjmsm S`mtekjmsm ked corm`le corm`le rms`dmets rms`dmets croj huy`el huy`el S`mtekjmsm S`mtekjmsm kssmts. kssmts. h) menourklms menourklms corm`le corm`le rms`dmets rms`dmets to huy S`mtekjm S`mtekjmsm sm kssmts, hut d`snour d`snourklms klms S`mtekjmsm rms`dmets croj huy`el S`mtekjmsm kssmts. n) menourklms menourklms S`mtekjms S`mtekjmsm m rms`dmets rms`dmets to huy S`mtekjmsm S`mtekjmsm kssmts, kssmts, hut d`snour d`snourklms klms corm corm`le `le rms`dmets croj huy`el S`mtekjmsm kssmts.

 

menourklms klms hotf hotf S`mtekjmsm S`mtekjmsm ked corm`le corm`le rms`dmet rms`dmets s to huy S`mtekjms S`mtekjmsm m kssmts. kssmts. d) menour Nèu Fỏ` ;2 \f`nf oc tfm coiiow`el `s tfm jost i`amiy rmspoesm to k dmnrmksm `e tfm S`mtekjmsm rmki `etmrmst rktm? ^mimnt oem7 k) h) n) d)

k S`mtekjmsm S`mtekjmsm nojpkey nojpkey dmn`dm dmn`dms s to mxpked mxpked `ts `ts ckntory ckntory k S`mtekjmsm S`mtekjmsm n`t`z n`t`zme me dmn`dms dmn`dms to purnfksm purnfksm cmwmr cmwmr corm`le corm`le hoeds hoeds k ^`elkpormke ^`elkpormke jutuki jutuki cued dmn`dms dmn`dms to `enrmks `enrmksm m `ts dmpos`ts dmpos`ts kt k S`mtekjms S`mtekjmsm m hkea Kii oc tfm tfm khov khovm m krm krm noes` noes`stm stmet. et.

Nèu Fỏ` ;; Otfmr tf`els tfm skjm, `c tfm rmki `etmrmst rktm `e k nouetry ckiis, dojmst`n rms`dmets w`ii dms`rm to purnfksm ^mimnt oem7 k) cmwmr nkp`tki nkp`tki loods loods ked ked cmwmr cmwmr corm`l corm`le e hoeds. hoeds. jorm m nkp`tk nkp`tkii loods loods ked ked jorm corm corm`le `le hoeds hoeds.. h) jor

n) jorm jorm corm`l corm`le e hoeds hoeds hut cmwm cmwmrr nkp`tki nkp`tki lood loods. s. d) jorm jorm nkp`tki nkp`tki loods loods hut hut cmwmr cmwmr corm`le corm`le hoeds hoeds.. Nèu Fỏ` ;8 Tfm vkium oc emt mxports mqukis tfm vkium oc  ^mimnt oem7 k) h) n) d)

ek ekt` t`oe oeki ki skv skv`e `el. l. pu puhi hi`n `n skv` skv`el el.. ekt`oe ekt`oeki ki skv`e skv`el l - emt nkp` nkp`tki tki outc outciow iow.. ekt`oeki ekt`oeki skv`el skv`el - dojmst`n dojmst`n `evmstjmet `evmstjmet..

Nèu Fỏ` ;> @e tfm opme-mnoeojy jknromnoeoj`n jodmi, tfm suppiy oc doiikrs `e tfm jkramt cor corm`lenurrmeny mxnfkelm nojms croj ^mimnt oem7 k) h) n) d)

em emtt mx mxpo port rts s emt mxpo mxports rts - emt emt nkp`t nkp`tki ki outc outciow iow emt mxport mxports s + emt nkp`tk nkp`tkii outci outciow ow emt emt nkp` nkp`tk tkii outc outcio iow w

Nèu Fỏ` ;4 Otfmr tf`els tfm skjm, `c tfm S`mtekj‐s rmki mxnfkelm rktm dmprmn`ktmd, tfme S`mtekj‐s emt mxports wouid ^mimnt oem7

 

k) r`sm ked tfm tfm quket`ty quket`ty oc doiikrs doiikrs dmjkedmd dmjkedmd `e tfm jkramt jkramt cor corm`le corm`le-nurr -nurrmeny meny mxnfkelm wouid r`sm. h) ckii ked tfm quket`ty quket`ty oc doiikrs doiikrs dmjkedmd dmjkedmd `e tfm jkramt jkramt cor corm`le-nur corm`le-nurrmeny rmeny mxnfkelm mxnfkelm wouid ckii. n) ckii ked tfm tfm quket`ty quket`ty oc doiikrs doiikrs dmjkedmd dmjkedmd `e tfm jkramt jkramt cor cor corm`le-nur corm`le-nurrmeny rmeny mxnfkel mxnfkelm m wouid r`sm. quket`ty oc doiikrs doiikrs dmjkedmd dmjkedmd `e tfm jkramt jkramt cor corm`le-nu corm`le-nurrmeny rrmeny mxnfkelm mxnfkelm d) r`sm ked tfm quket`ty

wouid ckii. Nèu Fỏ` ;= @e tfm opme-mnoeojy jknromnoeoj`n jodmi, emt nkp`tki outciow r`sms r `sms `c  ^mimnt oem7 k) tfm rmki `etmrms `etmrmstt rktm r`sms. r`sms. Emt nkp`tki nkp`tki outcio outciow w doms eot dmpmed dmpmed oe tfm mxnfkelm mxnfkelm rktm. rktm. h) tfm rmki `etmrmst `etmrmst rktm rktm ckiis. ckiis. Emt nkp`tki nkp`tki outciow outciow doms eot dmpmed dmpmed oe tfm mxnfkelm mxnfkelm rktm. n) m`tfmr tfm mxnfkelm mxnfkelm rktm rktm ckiis ckiis or or tfm rmki rmki `etmrmst `etmrmst rktm r`sms. r`sms. d) m`tfmr tfm mxnfkelm mxnfkelm rktm rktm r`sms r`sms or tfm rmki `etmrmst `etmrmst rktm rktm ckiis. ckiis. Nèu Fỏ` ;3 @c S`mtekj‐s rmki `etmrmst rktm r`sms, tfme `ts ^mimnt oem7 k) h) n) d)

emt nkp`tki nkp`tki outciow outciow ckiis ckiis ked `ts emt emt mxports mxports r`sm. r`sm. emt nkp` nkp`tki tki outc outciow iow ked ked emt mxpo mxports rts ckii ckii.. emt nkp`tki nkp`tki outciow outciow r`sms r`sms ked ked `ts `ts emt mxports mxports ckii. ckii. emt nkp`tk nkp`tkii outciow outciow ked emt emt mxports mxports r`sm.

Nèu Fỏ` ;< @c k nouetry rk`sms `ts hudlmt dmc`n`t, tfme `ts ^mimnt oem7 k) h) n) d)

emt nkp`t nkp`tki ki outci outciow ow ke ked d emt mxpor mxports ts ckii. ckii. emt nkp` nkp`tki tki outc outciow iow k ked ed emt mxpo mxports rts r`sm r`sm.. emt nkp`tki nkp`tki outciow outciow r`sms r`sms ked emt emt mxports mxports ckii. emt nkp`tki nkp`tki outciow outciow ckiis ckiis ked ked emt mxports mxports r`sm. r`sm.

Nèu Fỏ` ;6  Ke `enrmksm `e tfm hudlmt dmc`n`t ^mimnt oem7 k) rk`sms rk`sms emt nkp`tki nkp`tki outciow outciow ked dojmst` dojmst`n n `evmstjm `evmstjmet et h) rmdunms rmdunms emt n nkp`tki kp`tki outciow outciow ked dojmst dojmst`n `n `evmstjm `evmstjmet. et. n) rk`sms rk`sms emt nkp`tk nkp`tkii outciow outciow ked ked rmdunms rmdunms dojmst`n dojmst`n `evmstjmet `evmstjmet.. d) rmdunms rmdunms emt nkp`tki nkp`tki outcio outciow w ked rk`sms rk`sms dojmst`n dojmst`n `evmst `evmstjmet. jmet.

 

Nèu Fỏ` ;0 @c tfm S`mtekjmsm lovmrejmet rk`smd `ts hudlmt dmc`n`t, tfme tfm SED wouid ^mimnt oem7 k) dmprmn`ktm dmprmn`ktm ked ked S`mtekj S`mtekjmsm msm emt emt mxports mxports wouid r`sm. h) kpprmn`ktm kpprmn`ktm ked S`mtekj S`mtekjmsm msm emt emt mxports mxports wouid wouid ckii. ckii. n) kpprmn`ktm kpprmn`ktm ked S`mtekjmsm S`mtekjmsm emt mxports mxports wouid wouid r`sm. d) dmprmn`ktm dmprmn`ktm ked ked S`mtekj S`mtekjmsm msm emt emt mxports mxports wouid ckii. Nèu Fỏ` 82

Fow jkey jorm imssoes krm emmdmd `e ordmr to nojpimtm tfm noursm? ^mimnt oem7 k) 8 h) > n) 4 d)  Key oc tfm khovm `s norrmnt norrmnt..