What Is the Term for the Value of Goods and Services

question 12

Multiple Choice

What is the term for the value of goods and services and the value of investment flows between the United States and other countries?

• A) Rate of exchange
• B) Simple trade balance
• C) Net flow of investments
• D) Balance on current account

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Definitions:

State and Local

Pertaining to government entities and functions at the subnational levels, including states, provinces, territories, cities, and towns.

Marginal Rate

The marginal rate often refers to the rate at which the next unit of time, expenditure, or activity will be valued, commonly used in the context of marginal tax rates or marginal rate of substitution in economics.

Upper Middle Class

A socioeconomic tier directly below the highest tier, typically characterized by higher education, professional careers, and a comfortable standard of living.

Working Class

A social group consisting of people employed in lower tier jobs, often involving manual or industrial labour, and receiving wages rather than salaries.