Which of the following measures net exports for the year, including transactions involving services, investment income, and transfers?
A. Balance of trade
B. Balance on the current account
C. Budget balance
D. Balance of payments
B. Balance on the current account
You might also like to view...
If the market price of oats is $2.5 per bushel and a farmer decides to sell at $2.8 per bushel, he is likely to sell:
a. more than 5 bushels per day. b. more than 10 bushels per day. c. less than 5 bushels per day. d. 10 bushels per day. e. nothing.
What percent of taxable income is reported on tax returns according to an Internal Revenue Service survey?
a. 85% b. 75% c. 65% d. 55%
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the short run would be:
A. P1 and Y2. B. P2 and Y3. C. P3 and Y1. D. P2 and Y2.
The expression "increase in quantity supplied" is illustrated graphically as a
A) leftward shift in the supply curve. B) rightward shift in the supply curve. C) movement up along the supply curve. D) movement down along the supply curve.