-The Data in the Table Above Are the U

question 281

Multiple Choice

-The data in the table above are the U.S. balance of payments. The data show that

• A) the United States has a current account surplus.
• B) the United States has a capital and financial account surplus.
• C) The United States loaned $400 billion to the rest of the world.
• D) Both answers A and B are correct.

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Definitions:

Tax Burden

The total amount of taxes that individuals or businesses must pay, often considered in relation to their income or profits.

Payroll Tax

Obligatory payments required from employers or employees, usually expressed as a proportion of the salaries employees receive.

Tax Burden

The total amount of taxes paid by individuals or businesses, expressed as a percentage of income or revenue, indicating the financial impact of taxation.

Payroll Tax

Taxes imposed on employers and/or employees, typically based on the wages or salaries paid, to fund social security and healthcare programs.