Other Things Being Equal,an Increase in the Current Account Deficit

question 108

Multiple Choice

Other things being equal,an increase in the current account deficit may be due to

• A)an increase in private saving.
• B)a fall in domestic investment.
• C)a rise in the government's budget surplus.
• D)a fall in the government's budget surplus.
• E)a fall in the government's budget deficit.

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Definitions:

Chapter 7

A provision of the Bankruptcy Code providing for "liquidation," which involves the sale of a debtor's non-exempt property and the distribution of the proceeds to creditors.

Permanent Trustee

A trustee appointed to manage and administer a trust indefinitely until the trust’s objectives are fulfilled or the trust is legally dissolved.

Chapter 7

A provision under the U.S. Bankruptcy Code allowing for liquidation of a debtor's assets to pay off creditors.

Discharge

A written federal court order signed by a bankruptcy judge stating that the debtor is immune from creditor actions to collect debt; that is, a release from liability.