Country X-2013 Transactions (Billions of Dollars)

question 236

Multiple Choice

Country X-2013 Transactions (billions of dollars)

-In the above table, the balance on the current account for Country X is ________ billion dollars.

• A) -85
• B) -150
• C) +75
• D) -200

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Definitions:

Utility Function

This term represents a model or formula that economists and theorists use to calculate the amount of satisfaction or happiness a consumer derives from consuming a particular bundle of goods.

Nuts

Typically refers to a hard-shelled fruit of some plants that have an indehiscent seed, or in a broader sense, a significant source of nutrition and energy in the human diet.

Berries

Tiny, succulent fruits that are usually eatable, often having a juicy texture, spherical shape, vivid colors, and a flavor that ranges from sweet to sour.

Perfect Substitute

Goods that can be used in place of one another with no loss of utility to the consumer.