A Record of All Transactions Between Households, Firms, and the Government

question 218

Multiple Choice

A record of all transactions between households, firms, and the government of one country and the rest of the world is the

• A) balance of trade.
• B) balance of payments.
• C) International Monetary Fund.
• D) government budget.

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Definitions:

Latency

The time delay between a stimulus and response, often used to describe delays in data transmission or processing in computing.

Sectors

Distinct segments of a country's economy or of an organization, characterized by a specific type of activity.

Tracks

Physical or digital paths recorded media follows or the specific courses of development or research.

Seek Time

The time it takes for a hard drive’s read/write head to locate the correct track on a disk.