Taken as a whole the balance of payments:
a. Is usually positive when a nation is healthy and negative when it is weak.
b. Is usually negative when the nation is healthy and positive when it is weak.
c. Must equal zero.
d. Must equal GDP minus personal consumption expenditures.
e. Can be positive or negative. It does not depend on the health of the country.
.C
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When economists, policymakers, or journalists refer to the Fed's balance sheet, they are typically referring to the:
A) money supply B) size of the Fed's assets C) amount of bank reserves D) amount of foreign reserves
Consider the supply and demand curves depicted in the diagram below. If the government imposed a price ceiling of $15, then buyers will be intending to buy ___, but they will be able to legally buy ____
A. 30 units; 24 units
B. 36 units; 24 units
C. 36 units; 30 units
D. 24 units; more than 24 units