Which of the Following Statements Is True

question 121

Multiple Choice

Which of the following statements is true?

• A) A positive balance on current account means a current account deficit.
• B) A negative balance on current account means a current account deficit.
• C) A positive balance on current account is a capital account surplus.
• D) A negative balance on current account means a capital account deficit.

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Definitions:

Unit Cost

Unit cost is the total expenditure incurred to produce, store, and sell one unit of a product or service, including both fixed and variable costs.

U.S. Tax System

The structured collection of taxes imposed by the federal, state, and local governments in the United States, including income, sales, and property taxes.

Taxation Basis

Refers to the underlying system or set of rules used to determine how much tax an individual or entity owes.

Saving

The process of setting aside a portion of current income for future use, typically in a bank account or other investment vehicle.