Which of the Following Accounts of a Country's Balance of Payments

question 48

Multiple Choice

Which of the following accounts of a country's balance of payments records transactions involving the export of services?

• A)transactional account
• B)capital account
• C)savings account
• D)current account

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Definitions:

Unemployment

A condition where people who have the ability and desire to work are unable to secure jobs.

Production Possibilities Frontier

A curve depicting the maximum attainable combinations of two or more products that may be produced with available resources and technology.

Inward Shift

Describes a decrease in the potential output of an economy, often visualized as a leftward shift of the Production Possibility Frontier (PPF).

Production Possibilities Curve

A graphical representation that shows the maximum possible output combinations of two goods that an economy can achieve with its existing resources and technology under full employment.