Which of the following is NOT included in the U.S. current account?
A) U.S. investment abroad
B) net interest income
C) net transfers
D) imports of goods and services
A
Economics
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Transfer payments are excluded from government purchases in GDP accounting because
A) they are a reward to individuals who have been productive their entire lives. B) they are difficult to measure. C) nothing is being produced in return for the payment. D) they are already included as part of investment.
Economics
Total reserves of private banks are
A) federal reserve notes. B) all customer deposits. C) deposits held at the Fed and vault cash. D) the minimum amount banks need to hold against time deposits.
Economics