A Nation's Current Account Balance Is Equal to Its Exports

question 290

Multiple Choice

A nation's current account balance is equal to its exports less its imports of

• A) goods and services.
• B) goods and services, minus U.S. purchases of assets abroad.
• C) goods and services, plus net investment income and net transfers.
• D) goods and services, plus foreign purchases of assets in the United States.

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Definitions:

Whales

Large marine mammals belonging to the order Cetacea, known for their intelligence, aquatic adaptation, and often large size.

Major Premise

In a categorical syllogism, the premise in which the major term appears.

Syllogism

A form of deductive reasoning that consists of two premises followed by a conclusion, based on the relationship between the premises.

Mammals

Warm-blooded vertebrates characterized by the presence of mammary glands which females use to nourish their young.