The Balance Between Spending Flows into a Country and Spending

question 133

Multiple Choice

The balance between spending flows into a country and spending flows out of that country is
Called a country's

• A) current account.
• B) capital account.
• C) foreign exchange.
• D) balance of payments.

---

Definitions:

Excise Tax Revenue

Government income generated from taxes imposed on specific goods, services, or activities, often aimed at discouraging their use or consumption.

Supply Shift

A change in the availability of a good or service, caused by factors other than price, which results in a new supply curve position.

Tax Imposition

The process by which authorities levy taxes on individuals, businesses, or transactions to raise revenue for public expenditures.

Sales Tax

A tax imposed by a government on the sale of goods and services.