In 2010 the United States Posted a Current Account Deficit

question 63

Multiple Choice

In 2010 the United States posted a current account deficit of -$471 billion.The bulk of the negative value came from:

• A) a net transfer deficit.
• B) an income balance deficit.
• C) a goods trade deficit.
• D) an income trade deficit.

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Definitions:

Cumulative Probability

The probability of obtaining a result equal to or less than a specific value within a statistically distributed set of data.

Demand Probability

The likelihood or chance that a product or service will be desired or required by the market at a certain time.

Monte Carlo Simulation

A statistical technique employing random variables to simulate a model numerous times, thereby estimating the probable outcomes of various decisions or future events.

Cumulative Probability

The probability that a random variable is less than or equal to a specific value, often visualized as the area under the probability distribution curve to that point.