The current flows of goods,services,investment income,and unilateral transfers between a country and the rest of the world is called the:

Question

Quizplus · Accepted Answer

The current account records the flows of goods, services, investment income, and unilateral transfers between a country and the rest of the world. The financial account records the flows of financial assets and liabilities between a country and the rest of the world. The national income product account records the overall level of economic activity in a country, including the production of goods and services and the distribution of income. Therefore, the correct answer is A) current account.

The Current Flows of Goods,services,investment Income,and Unilateral Transfers Between a Country