The balance of goods and services is
A) the same as the merchandise trade balance, since services cannot be traded
B) equivalent to the trade balance
C) the value of all goods and services exported minus the value of all goods and services imported
D) the value of all tangible products exported minus the value of all tangible products imported
E) the value of all tangible products exported minus the value of all tangible products imported, and transactions to finance the difference
Correct Answer:
Verified
Q7: A nation's merchandise trade balance reflects
A)trade in
Q8: In 2011, the United States largest balance
Q9: If the current account is in deficit,
Q10: Because of the accounting techniques used, the
Q11: The value of a country's exports is
Q13: A nation has an unfavorable balance of
Q14: The merchandise trade balance measures
A)the value of
Q15: In 2011, the United States balance of
Q16: The balance of payments summarizes the transactions
Q17: The trade balance is
A)the services balance plus
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents