The current account records
a. last year's flows of funds into and out of the country
b. current flows of imports and exports of goods and services, net income earned by U.S. residents from foreign assets, and net transfer payments
c. current flows of imports and exports of goods only
d. only net income earned by U.S. residents from foreign assets
e. only current flows of imports and exports of goods and services and net transfer payments
B
You might also like to view...
Along the long-run Phillips curve, the unemployment rate ________, and the inflation rate ________
A) can be any value; is equal to the natural inflation rate B) is equal to the natural unemployment rate; is equal to the natural inflation rate C) is equal to the natural unemployment rate; can be any value D) can be any value; can be any value E) None of the above answers is correct.
Marginal profit is the addition to a firm's total profit from a
a. $1 change in its price. b. one-unit change in its output. c. reduction in total cost. d. reduction in marginal cost.