Imagine you are trying to gather the information needed to calculate the balance of payments for an Eastern European country. To do your calculations, you would need to have information on which of the following?
A) military expenditures to train its forces at home
B) its current inflation rate
C) its corporate tax rates
D) foreign aid the country receives

Question

Quizplus · Accepted Answer

To calculate the balance of payments, it is essential to have information on the country's financial transactions with other countries, including foreign aid that the country receives. Military expenditures, inflation rate, and corporate tax rates are not directly related to the balance of payments.

Imagine You Are Trying to Gather the Information Needed to Calculate