In one year the United States had a current account deficit of $461 billion. The balance on the capital account was -$8 billion. What was the balance on the financial account?
A. -$461 billion
B. +$469 billion
C. -$469 billion
D. +$453 billion
D. +$453 billion
You might also like to view...
Which of the following variables is used to determine a country's economic growth?
i. real GDP ii. wages iii. inflation A) ii and iii B) i, ii and iii C) i and ii only D) i only E) i and iii
Suppose a person with automobile collision insurance is more likely to try to drive on an icy road in the middle of winter than that person would be if he or she didn't have automobile collision. This is an example of
A. adverse selection. B. moral hazard. C. the free-rider effect. D. asymmetric information before exchange. E. none of the above
Including an employee representative on the board of directors reduces the possibility of opportunistic employer behavior
Indicate whether the statement is true or false
__________ occurs when two or more activities take place at the same time
a. Independent activities b. Multitasking or dovetailing c. Compression d. Co-acting