In an Open Economy, the Current Account Balance Equals ________

question 6

Multiple Choice

In an open economy, the current account balance equals ________.(Assume that the capital account is zero and net transfers are zero.)

• A)net foreign investment + domestic investment
• B)net capital outflows
• C)the financial account balance + net income on investments
• D)net foreign investment
• E)domestic saving

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Definitions:

Rods

Photoreceptor cells in the retina responsible for vision at low light levels, but not for color vision.

Fovea

A small depression in the retina of the eye where visual acuity is highest due to the concentration of cone cells.

Peripheral Vision

The ability to see objects and movement outside of the direct line of vision, which is essential for activities such as driving.

Color-Blind

The inability or decreased ability to see color or distinguish between colors, due to genetic or acquired conditions affecting color perception.