The current flows of goods, services, investment income, and unilateral transfers between a country and the rest of the world is called the:
A) current account.
B) capital account.
C) national income product account.
D) none of the above.
Correct Answer:
Verified
Q3: The difference between interest income or receipts
Q6: As a currency appreciates:
A)exports increase and imports
Q7: When a country's export spending exceeds import
Q9: A trade deficit means:
A)the country has positive
Q11: The difference between nominal and real exchange
Q12: A trade surplus means:
A)the country has positive
Q17: A record of all transactions between residents
Q18: Exports are:
A)positively related to income in the
Q19: When a country's import spending exceeds export
Q20: Borrowing from abroad represents:
A)a capital outflow.
B)a capital
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