The balance of payments is a statement that records:
A) all the exchanges requiring an outflow of funds to foreign nations or an inflow of funds from other nations.
B) the monetary value of all finished goods and services produced within a country's borders in a specific time period.
C) the total income earned by all the people and institutions within a country from the production of goods and services.
D) the additions to the existing stock of plant and equipment used in the production of goods and services.
E) all the exchanges requiring an outflow of funds from the government to the private sector.
Correct Answer:
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