Which of the following is true of a current account surplus?
a. A country that is running a current account surplus will have negative net exports
b. A current account surplus is consistent with domestic spending being in excess of domestic production.
c. A current account surplus means that a country is also running a net surplus in its financial account.
d. A country can have a current account surplus only if it exports more services as compared to goods.
e. A country that is running a current account surplus buys more bonds from the rest of the world as compared to what it sells.
e
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When a business is owned and operated by a single individual who receives all of the profits and is responsible for all debts, it is known as a
A) partnership. B) conglomerate. C) corporation. D) proprietorship.
When we add the up value of all capital goods, we determine
a. private investment b. the capital stock c. a flow phenomenon d. GDP e. inventory