A measure of the total flow of money into or out of a country is called the _____.
A) balance of trade
B) gross domestic product
C) balance of payments
D) gross national income

Question

Quizplus · Accepted Answer

The balance of payments measures the flow of money into and out of a country, including imports and exports of goods and services, foreign investments, and other financial transactions. The balance of trade only measures the flow of goods and services, while gross domestic product (GDP) and gross national income (GNI) measure the total value of goods and services produced within a country or by its citizens, regardless of where the money is flowing.

A Measure of the Total Flow of Money into or Out