Suppose you are a software engineer living in the United States, and you just sold your latest product to a Russian consumer for RUB 7,000. Determine the effects of this transaction (direction and magnitude) on exports, imports, and net exports in the US. economy. If the direction of change is 'No change,' then '0' would be the magnitude of change.
Because of the identity equation that relates to net exports, the in U. S. net exports is matched by in U. S. net capital outflow. Which of the following is an example of how the United States might be affected in this scenario? Select all that apply.
a. You purchase RUB 7,000 worth of stock in a Russian corporation.
b. You buy RUB 7,000 worth of Russian bonds.
c. You store the rubles in a safety deposit box at home.