Examlex
Which of the following statements about brokers is (are) true?
I.They legally represent the insured rather than the insurance company.
II.They are prohibited from being licensed as agents.
Net Capital Outflow
The difference between the purchase of foreign assets by domestic residents and the purchase of domestic assets by foreigners in a given period, reflecting the international flow of capital.
Net Exports
The balance achieved by subtracting a nation's total import value from its total export value.
Domestic Investment
Financial investments within a country's borders in the form of business expansions, new construction, and purchases of machinery and equipment.
National Saving
National saving is the total amount of savings generated within a country, typically calculated as the sum of private and public saving.
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