Which of the following is not classified as a service in the current account?

a. transportation
b. insurance
c. tourist expenditures
d. income earned from foreign investments
e. unilateral transfers

E

Economics

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Discuss the difference between a private cost and a social cost

What will be an ideal response?

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In equilibrium,

A) income = planned expenditures. B) unplanned inventory investment is zero. C) Ep (planned expenditures) crosses the 45-degree income line. D) all of the above.

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