A country is said to be in balance of payments equilibrium, when the sum of its current and its
A) non-reserved capital accounts equals zero.
B) reserved capital accounts equals zero.
C) non-reserved capital accounts equals to the surplus in the capital account.
D) non-reserved capital accounts equals to the deficit in the capital account.
E) non-reserved capital accounts is higher than the total capital account balance.
A
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Existing computer software
a. is a public good b. is excludable but nonrivalrous c. is rivalrous by not excludable d. should be provided free of charge e. has been produced efficiently
Answer the following statements true (T) or false (F)
1. If gross investment is positive, it means that firm (or the economy) is must be expanding. 2. Changes in business inventories are included as part of investment in the national income accounts. 3.In an economy, the value of inventories fell by $50 billion from Year 1 to Year 2. In calculating total investment for Year 2, national income accountants would increase it by $50 billion. 4. If the University of Missouri, a public school, builds a new laboratory, then it will be counted as part of I g in GDP. 5. Government purchases are the largest component of aggregate expenditures in the United States.