The balance of trade is measured by which of the following expressions?
a. The value of exported goods and services minus the value of imported goods and services
b. The value of income receipts on investments minus income payments on investments
c. The value of goods exports minus the value of goods imports
d. The value of government spending minus the value of all taxes received
e. The balance on capital account plus the balance on current account
c
Economics
You might also like to view...
In the above figure, the break-even output and price is
A) $9 and 14. B) $13 and 14. C) $11 and 16. D) $10 and 17.
Economics
If the income elasticity of demand for dental services is –0.6, this means that people purchase more dental services when the price is lowered
Indicate whether the statement is true or false
Economics