If the Balance on the Current Account Is $346 Billion

question 126

Multiple Choice

If the balance on the current account is $346 billion and the balance on the financial account is -$204 billion, what is the balance on the capital account, assuming no statistical discrepancy?

• A)$550 billion
• B)$142 billion
• C)$0
• D)-$142 billion
• E)-$204 billion

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Definitions:

Cross-price Elasticity

Measures the responsiveness of the demand for one good to a change in the price of another good.

Grape Harvest

The process of collecting grapes from the vineyards, usually seasonal and significant for wine production.

Peanut Butter

A spread made from ground, dry-roasted peanuts, often mixed with ingredients like salt, sweeteners, or emulsifiers.

Income Elasticity

A metric assessing the responsiveness of a product's demand to fluctuations in consumer incomes.