The Current Account on a Nation's Balance of Payments Statement

question 101

True/False

The current account on a nation's balance of payments statement includes net investment income.

---

Definitions:

Neolithic Transition

The shift from hunting and gathering societies to agriculture and settlement, marking the beginning of the Neolithic Age.

Oasis Theory

A theory about the transition to agriculture, proposing that people started farming in areas where natural resources were abundant, like oases.

Agriculture

The science, art, and practice of cultivating plants and livestock, marking a key development in the rise of sedentary human civilization.

Food Production

The process of cultivating food crops and raising animals for consumption, an essential component of human civilization and survival.