The Following Are Incomes Earned but Not Received by the Nation's

question 7

Multiple Choice

The following are incomes earned but not received by the nation's households, except

• A)corporate income taxes.
• B)Social Security contribution.
• C)transfer payments.
• D)undistributed corporate profits.

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Definitions:

Current Account

This part of a country's balance of payments summarizes the trade balance, net income from abroad, and net current transfers.

Capital Account

A component of a country's balance of payments that records all transactions involving the purchase or sale of assets.

Canadian Dollar

The official currency of Canada, often represented by the symbols CAD or $.

Balance Of Payments

A statement that summarizes a country's transactions with the rest of the world, including trades, loans, and payments.