If the Value of Goods and Services Exported from Australia

question 124

Multiple Choice

If the value of goods and services exported from Australia is smaller than the value of goods and services imported, then:

• A)Australia's balance of payments will be in deficit.
• B)Australia's balance of trade on goods and services will be in deficit.
• C)Australia will have a current account surplus.
• D)Australia will have a financial account deficit.

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Definitions:

External Ties

Connections or relationships that a person or organization maintains with external entities or individuals outside their immediate group or organization.

Faultline

The hypothetical dividing line that may split a group into subgroups based on one or more attributes, potentially leading to conflict or decreased group cohesion.

Demographic Characteristics

The statistical characteristics of human populations, such as age, race, gender, income, education, and employment, used for identifying and analyzing population segments.

Non-Overlapping Subgroups

Groups within a larger group that do not share common members, ensuring distinct and separate collaboration or functioning.