If Australia purchases $200,000 of oil from Saudi Arabia, this would mean ________.
A. Australia's balance of payments is $200,000
B. there is a credit in Australia's current account
C. the change in Australia's capital and financial accounts must be zero
D. the sum of the financial and capital accounts in Australia must increase by $200,000
Answer: D
Economics
You might also like to view...
Investment includes
A) the New York City Library's purchase of new books. B) Wal-Mart's purchase of health insurance for its workers. C) student purchases of laptops. D) GM's purchase of robotic machinery. E) wages paid to military personnel.
Economics
The Phillips curve describes a trade-off between interest rates and unemployment
Indicate whether the statement is true or false
Economics