If the United States imports goods and services for a total of $45 billion, exports goods and services for a total of $40 billion, records $4 billion as net interest and zero as net transfers, then the U.S. current account balance is
A) $1 billion. B) -$1 billion. C) $89 billion. D) zero. E) $81 billion.
B
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Which of the following statements is false?
A. As the price paid for a bond rises, the yield declines. B. If you purchase stock from an individual that currently owns the stock, you are buying it in the secondary market. C. The yield on a bond is another term for the coupon rate on a bond. D. A rating of Aaa from Moody's is the highest bond rating given by that rating agency.
Which of the following types of insurance do men pay lower premiums than do women?
A) life insurance B) health insurance C) auto insurance D) There are no legally allowed differences.
An autonomous increase in net exports for any given inflation rate ________
A) would add directly to planned expenditures B) would raise the equilibrium level of output C) causes the aggregate demand curve to shift to the right D) all of the above E) none of the above
The long-run average total cost curve of a natural monopolist
A. Reflects declining average fixed costs. B. Falls continuously as more output is produced. C. Reflects diminishing returns. D. Is U-shaped.