Judges will not rule on the admissibility of evidence until a party attempts to introduce that evidence at trial.

The so-called “American rule” is that each party is responsible for its own attorney’s fees.

Trial preparation begins with the initial client interview.

Chapter 9 Formulas and Definitions All symbols are as in the textbook and lectures. CA + FA = 0, ignoring KA, and except for the statistical discrepancy GDP = C + I + G + X – M GNP = GDP + net primary income + net secondary income GNP = C + I + G + CA S + (T – G) = I + CA ********************************** Information for questions 1-3 The table below lists the major items in a country’s Balance of Payments accounts. This country’s Capital Account is 0. The amounts are in billions of dollars, but ignore the “billions” part, that is, just treat the numbers as whole numbers in dollars. For all questions, enter a whole number of the appropriate sign. Enter 0 if the answer cannot be obtained with the information given. Only exact answer is accepted, so double check your calculations.   Does this country receive more money from abroad that is not payment for factors of production (capital and labor) or does it pay out more money abroad that is not payment for factors of production (capital and labor)? Calculate the difference: money received from abroad not in payment for factors of production – money paid abroad not in payment for factors of production. This difference can be positive or negative, make sure to enter the right sign.

Chapter 9 Formulas and Definitions All symbols are as in the textbook and lectures. CA + FA = 0, ignoring KA, and except for the statistical discrepancy GDP = C + I + G + X – M GNP = GDP + net primary income + net secondary income GNP = C + I + G + CA S + (T – G) = I + CA ********************************* Information for questions 8-9 Consider the following hypothetical information on the National Income and Product Accounts for Indonesia. The amounts are in billions of dollars, but ignore the “billions” part, that is, just treat the numbers as whole numbers in dollars. Assume that the Statistical Discrepancy is 0. Indonesia’s Capital Account is 0. For all questions, enter a whole number of the appropriate sign. Enter 0 if the answer cannot be obtained with the information given. Only exact answer is accepted, so double check your calculations. The answers may be positive or negative, make sure to enter the right sign. Calculate Indonesia’s public savings.

All of the following happened during the 1994/95 Mexican peso crisis, either before the crisis or in its aftermath, except one. Which one did not happen?

Chapter 9 Formulas and Definitions All symbols are as in the textbook and lectures. CA + FA = 0, ignoring KA, and except for the statistical discrepancy GDP = C + I + G + X – M GNP = GDP + net primary income + net secondary income GNP = C + I + G + CA S + (T – G) = I + CA ********************************* Let’s define National Savings as equal to GNP – C – G. Then which is true? (Hint: look at the formulas for this chapter listed above: which formula seems more applicable?) 

Chapter 9 Formulas and Definitions All symbols are as in the textbook and lectures. CA + FA = 0, ignoring KA, and except for the statistical discrepancy GDP = C + I + G + X – M GNP = GDP + net primary income + net secondary income GNP = C + I + G + CA S + (T – G) = I + CA ********************************** Information for questions 1-3 The table below lists the major items in a country’s Balance of Payments accounts. This country’s Capital Account is 0. The amounts are in billions of dollars, but ignore the “billions” part, that is, just treat the numbers as whole numbers in dollars. For all questions, enter a whole number of the appropriate sign. Enter 0 if the answer cannot be obtained with the information given. Only exact answer is accepted, so double check your calculations.   Calculate the Trade balance. Enter a positive number for a Trade surplus, and a negative number for a Trade deficit.

Which of the following is NOT a true statement about capital controls?

Chapter 9 Formulas and Definitions All symbols are as in the textbook and lectures. CA + FA = 0, ignoring KA, and except for the statistical discrepancy GDP = C + I + G + X – M GNP = GDP + net primary income + net secondary income GNP = C + I + G + CA S + (T – G) = I + CA ********************************* Information for questions 8-9 Consider the following hypothetical information on the National Income and Product Accounts for Indonesia. The amounts are in billions of dollars, but ignore the “billions” part, that is, just treat the numbers as whole numbers in dollars. Assume that the Statistical Discrepancy is 0. Indonesia’s Capital Account is 0. For all questions, enter a whole number of the appropriate sign. Enter 0 if the answer cannot be obtained with the information given. Only exact answer is accepted, so double check your calculations. The answers may be positive or negative, make sure to enter the right sign. Calculate Indonesia’s financial account balance.