The Money That a Nation Pays for Imports and Receives

question 73

Multiple Choice

The money that a nation pays for imports and receives for exports is a part of that nation's ________.

• A) balance of payments
• B) positive balance of trade
• C) trade deficit
• D) monetary policy

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Definitions:

Productivity Growth

An increase in the efficiency of production in an economy, typically measured by the output of goods and services per unit of input, such as labor or capital, over time.

Computerization

Computerization involves the use of computers and software to perform tasks, manage data, and automate processes in various fields and industries.

Productivity Growth

An increase in the efficiency of production, leading to a greater output of goods and services without an increase in input.

Computer Literacy Rate

The percentage of the population that has an understanding of computers and their functionality, often including the ability to use software and internet applications.