Suppose Grovner's Exports Equal $950 Billion, Its Imports Equal $1,000

question 145

Multiple Choice

Suppose Grovner's exports equal $950 billion, its imports equal $1,000 billion, and Jpurchases of foreign assets by its citizens equals $900 billion. What is Grovner's balance on its current account?

• A) $50 billion
• B) -$50 billion
• C) $850 billion
• D) -$850 billion

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Definitions:

Optimistic Thinker

An individual who tends to maintain a positive outlook on life, expecting the best possible outcome in various situations.

Monitoring

The act of observing and checking the progress or quality of (something) over a period of time.

Type A Personality

A personality characterized by high levels of competitiveness, self-imposed stress, impatience, and aggression.

Behaviorists

Psychologists who focus on observable behaviors and the ways in which they're learned.