The current account balance is approximately equal to the difference between domestic product and national expenditure.

A financial asset is considered a security if

A) the owner of the security receives dividends and realizes a capital gain when the asset is sold. B) it can be sold in a secondary market. C) its value increases after it is sold in a primary market. D) its value is secure; that is, the owner will not suffer a financial loss when the asset is sold.

An expansion is:

A. the high point of economic activity prior to a downturn. B. a period in which the economy is growing at a rate significantly below normal. C. a period in which the economy is growing at a rate significantly above normal. D. the low point of economic activity prior to a recovery.