What Was the Approximate Value of the U

question 39

Multiple Choice

What was the approximate value of the U.S. current account balance in 2005?

• A)+$10 billion
• B)+$79 billion
• C)-$480 billion
• D)-$790 billion

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Definitions:

Income

Compensation acquired from job employment or the act of investing, usually in a regular pattern.

Price

The expected financial outlay, required, or dispensed in payment for something.

Claret

A red wine from Bordeaux, France, or a wine of similar character from elsewhere.

Demand Function

A mathematical representation of the relationship between the quantity demanded of a good and its determining factors, such as price and consumer income.