What was the approximate value of the U.S. current account balance in 2011?
A) +$10 billion
B) +$79 billion
C) -$380 billion
D) -$475 billion
D
You might also like to view...
Why is investment spending a highly volatile component?
Last year an economy produced 3400 hurleys, 3000 footballs and 2000 rugby balls. The price of hurleys was €30, the price of footballs was €20 and the price of rugby balls was €25. Nominal GDP was:
(a) €212,000. (b) €660,000. (c) €420,250. (d) Cannot be computed.
A price drop increases consumer surplus by allowing purchases already being made to be made at a lower price, allowing current buyers to purchase more goods for the same money, and ______.
a. allowing producers to earn more while selling less b. preventing buyers from purchasing too much c. eliminating dishonest producers d. drawing in new buyers
Based on the following table, what is average fixed cost when 200 units of output are produced? 
A. $150 B. $2.80 C. $80 D. $1.50 E. none of the above