The Difference Between Net Capital Flows and the Current Account

question 73

Multiple Choice

The difference between net capital flows and the current account deficit is called the

• A)capital account surplus.
• B)capital account deficit.
• C)international error.
• D)missing number.
• E) statistical discrepancy.

---

Definitions:

Total Product

The overall quantity of output that a firm produces, usually within a given period of time.

Marginal Product

The rise in output due to an extra unit of input.

Marginal Product

The additional output that can be produced by adding one more unit of a specific input, keeping all other inputs constant.

Marginal Profit

The rise in earnings achieved by selling an extra unit of a product or service.