The current account of the balance of payments is calculated as:
A) the sum of imports, exports, and transfers.
B) the sum of national income and national expenditure.
C) the sum of the trade balance, net factor income from abroad, and net unilateral transfers.
D) the difference between GDP and GNE.
Correct Answer:
Verified
Q2: In national accounts data, which is the
Q3: The term net unilateral transfers refers to:
A)
Q4: Asset exports occur when domestic entities:
A) save
Q5: Gross national expenditure in a closed economy
Q6: Income paid to factors is called:
A) national
Q7: Net factor income from abroad is defined
Q8: When calculating GDP in an open economy,
Q9: In a closed economy, income generated from
Q10: In a closed economy in which no
Q11: In an open economy, GNI is equal
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