The official settlements account is the record of
A) payments for imports, receipts for exports, net interest, and net transfers.
B) changes in the government's holdings for foreign currency.
C) exports of capital goods minus imports of capital goods.
D) foreign investment in the nation minus the nation's investment abroad.
E) a nation's international trading, borrowing and lending.
B
You might also like to view...
Suppose an economy consists of 500,000 individuals 16 years and older, 260,000 are employed, and 21,000 are unemployed but actively seeking work. In this example the unemployment rate is approximately
A) 4.2 percent. B) 6.1 percent. C) 7.5 percent. D) 8.0 percent.
Cyclical unemployment is
A) the total of structural and frictional unemployment. B) created by a recession. C) part of frictional unemployment. D) higher when the economy is expanding. E) always greater than the total of structural and frictional unemployment.