Which is false about the United States balance of payments in 2013?
A) It was the most indebted nation in the world
B) Its current-account deficit was larger than its trade deficit
C) It had a very large trade deficit
D) It borrowed heavily from abroad
Correct Answer:
Verified
Q4: The official reserve assets of the nation
Q5: The export of a good or service
Q6: In national income accounting
A)The deficit in the
Q7: Which is not a debit transaction ?
A)Export
Q8: What is not part of the current
Q9: The two parts of each transaction cannot
Q10: The international investment position of a nation
A)The
Q11: Primary income receipts include the
A)Net acquisition of
Q12: In national income accounting
A)(M-X)= (G-T)+ (I-S)
B)(X-M)= (T-G)+
Q13: Which is false with regard to double-entry
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