Current Account Is Given by the Equation

question 68

Multiple Choice

Current account is given by the equation:

• A) CA = IM - EX (measured in terms of domestic output).
• B) CA = IM - EX (measured in terms of foreign output).
• C) CA = EX - IM (measured in terms of domestic output).
• D) CA = EX - IM (measured in terms of foreign output).
• E) CA = EX + IM (measured in terms of domestic output).

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Definitions:

Efficiency

The ability to accomplish a task with minimal waste of resources, including time, energy, and materials, optimizing performance and output.

Equity

The idea of equality and rightfulness in allocating wealth, chances, and advantages among members of a community.

Voice

The ability or right to express opinions, concerns, or proposals, especially in the context of organizational or democratic processes.

Management Practices

The approaches, techniques, and strategies used by managers to run organizations, including decision-making, leadership, and personnel management.