In 2015, the United States had
A) a surplus in the current account.
B) a balance in the current account.
C) a deficit in the current account.
D) a positive balance of net financial flows.
E) From 2015 data, it is too difficult to determine whether a surplus or a deficit existed in the current account.
Correct Answer:
Verified
Q5: What can you learn from the figure
Q6: GNP equals GDP
A) minus net receipts of
Q7: The United States began to report its
Q8: GDP is different than GNP in that
A)
Q9: The largest component of GNP is
A) the
Q11: Movements in GDP
A) differ greatly from movements
Q12: Which one of the following statements is
Q13: For most macroeconomists
A) gross national income exceeds
Q14: Which one of the following statements is
Q15: An example of how GNP accounts for
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