One of the portfolio choices people must make is whether to deposit idle funds in a bank or purchase government bonds.

The part of the balance of payments that records purchases of assets a country has made abroad and foreign purchases of assets in the country is the

A) capital account. B) current account. C) financial account. D) statistical discrepancy account.

The existence of the underground economy causes gross domestic product (GDP) statistics to _____

a. understate the true volume of economic activity b. overstate the aggregate price level in the economy c. overstate the standard of living d. overstate the profit of firms e. understate government spending in an economy