Current Account Is Given by the Equation

question 68

Multiple Choice

Current account is given by the equation:

• A) CA = IM - EX (measured in terms of domestic output).
• B) CA = IM - EX (measured in terms of foreign output).
• C) CA = EX - IM (measured in terms of domestic output).
• D) CA = EX - IM (measured in terms of foreign output).
• E) CA = EX + IM (measured in terms of domestic output).

---

Definitions:

Groupthink

A mental effect experienced by a collective, where the pursuit of agreement or uniformity leads to choices that are illogical or not functional.

Critical Evaluator

A person skilled in assessing situations, policies, or work critically to identify improvements or establish value.

Groupthink

Groupthink is a psychological phenomenon that occurs within a group of people when the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Membership Homogeneity

Refers to the degree of similarity or uniformity within a group or organization's members.