In 2003, Governor Gray Davis Became the Fourth Governor in California

question 7

True/False

In 2003, Governor Gray Davis became the fourth governor in California history to be recalled from office.

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Definitions:

Goods Imports

The act of bringing products or services into one country from another for the purpose of trade or sale.

Current Account Entry

Transactions that reflect the difference between a country's savings and its investment in a given period, including trade balance and foreign income.

Financial Account Entry

A record in the financial accounts that captures transactions like borrowing, lending, or investing.

Financial Account Deficit

A situation where the value of a country's imports of financial assets exceeds its exports over a given period.