In 2010,the Largest Item in the Current Account Is

question 84

Multiple Choice

In 2010,the largest item in the current account is

• A)exports.
• B)imports.
• C)net interest income.
• D)net transfers.
• E)foreign investment in Canada.

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Definitions:

Good 1

Generally represents the first good or service in an economic model, used to analyze consumer behavior or market dynamics.

Slope Of Budget Line

The slope of a budget line represents the rate at which a consumer can trade one good for another while maintaining the same level of total expenditure.

Negative Price

A situation where the seller pays the buyer to take a good or service, typically seen in unusual market conditions or to address surplus issues.

Positive Price

A situation in which the price of a good or service is above zero, indicating value and demand in a market.