If All Government Budgets Are Balanced,and S Is Greater Than

question 16

Multiple Choice

If all government budgets are balanced,and S is greater than I,then

• A)the net international investment position must be positive.
• B)the financial account must be positive.
• C)the financial account must be negative.
• D)the net international investment position must be negative.
• E)Both A and B.

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Definitions:

Depreciation Life

The estimated period over which a tangible asset is expected to be used in business operations, for the purpose of calculating depreciation.

Straight Line

A method of depreciation that allocates an asset’s cost evenly throughout its useful life.

Ice Cream Machine

A device designed to produce ice cream on a commercial or domestic scale by freezing and churning ingredients.

Tax Schedule

A detailed plan or system for calculating tax liabilities based on income, deductions, and credits according to relevant laws and regulations.