In 2006, the United States had
A) a surplus in the current account.
B) a balance in the current account.
C) a deficit in the current account.
D) From 2006 data, it is too difficult to determine whether a surplus or a deficit existed in the current account.
E) a positive balance of net financial flows.
C
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One of the major political developments of the past several decades is the growing size and economic/monetary integration of the European Union. What effect do you think this will have on international trade between countries?
What will be an ideal response?
Demand-pull inflation is caused by: a. an increase in aggregate demand
b. a decrease in aggregate demand. c. an increase in short-run aggregate supply. d. a decrease in short-run aggregate supply.
All of the following are true about electronic funds transfers except:
A. sometimes involve the Federal Reserve sending electronic images of checks to banks. B. include automated clearinghouse transactions (ACH). C. include credit card payments made online. D. occur when banks or individuals deposit/withdraw from one bank account to another electronically.
If the marginal cost is increasing over a given output range, the average total cost must increase.
Answer the following statement true (T) or false (F)