What is the relationship among the current account, the financial account, and the balance of payments?
What will be an ideal response?
Leaving aside the statistical discrepancy and the capital account, both of which are small, the current account plus the financial account equals the balance of payments.
Economics
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In a closed economy, public saving plus private saving is equal to
A) the budget deficit. B) the budget surplus. C) taxes minus transfers. D) investment.
Economics
Nominal GDP is greater than GDP because of the effects of inflation as measured by the GDP chain price index
a. True b. False Indicate whether the statement is true or false
Economics