A record of all transactions between households, firms, and the government of one country and the rest of the world is the

A) balance of trade.
B) balance of payments.
C) International Monetary Fund.
D) government budget.

Answer: B

Economics

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At the beginning of the year, AAA-1 Towing owns trucks and buildings for a total value of $1 million. During the year, it invests $250,000 to replace towing trucks worth $230,000 destroyed in a flood and to cover $50,000 worth of depreciation

AAA-1 Towing's net investment was A) $20,000. B) $250,000. C) -$30,000. D) $200,000. E) $280,000.

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According to the real business cycle model, ________ in aggregate demand ________ GDP

A) increases; do not affect B) increases; increase C) increases; decrease D) decreases; increase

Economics