Which of These Is(are) True? I

question 121

Multiple Choice

Which of these is(are) true? I. Money sent to the UN in New York by the United States is considered a transfer.
II) The purchase of Apple stock by German investors is considered income received.
III) A U.S. student's purchase of a restaurant meal in Spain while on vacation is considered a U.S. export.

• A) I only
• B) II only
• C) I and II only
• D) II and III only

---

Definitions:

Utility Function

A mathematical representation of how a consumer's satisfaction or preference for goods and services is dependent on their consumption levels.

Consumption

The use of goods and services by households, affecting economic conditions and indicating economic health through consumer spending patterns.

Income

The monetary payment received by an individual or household for their services, investments, or transfer payments.

Interest Rate

The percentage of an amount of money charged by a lender to a borrower for the use of their funds over a period of time, typically expressed as an annual percentage.