A deficit in the financial account means:
a) the nation has imported more assets than it exported
b) the nation has exported more assets than it imported
c) the nation has invested more than it saved
d) the nation has produced more than it consumed
Ans: a) the nation has imported more assets than it exported
Economics
You might also like to view...
The single source of concern about the national debt is
a. gimmicks like the National Debt Clock. b. the interest payments that must be made on the debt every year. c. the transfer payments that must be made every year. d. the large trade deficits that we face with other countries. e. none of the above.
Economics
Injections include
A. Consumer saving. B. Taxes. C. Business saving. D. Exports.
Economics