The Statistical Discrepancy in the Balance-Of-Payments Accounts

question 79

Multiple Choice

The statistical discrepancy in the balance-of-payments accounts

• A)arise since recordings of payments and receipts are done at different times, in different places, possibly using different methods.
• B)arise since some transactions (illegal transactions) occur "off the books".
• C)represents omitted and misreported transactions.
• D)all of the above

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Definitions:

Diminishing Returns

A principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain at a constant.

Study Time

The amount of time allocated towards learning or acquiring knowledge on a particular subject or group of subjects.

Learning Process

The ongoing process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences, often facilitated through various methods of education or experience.

Minimum Efficient Scale

The smallest level of production at which long-term average costs are minimized, enabling businesses to achieve the best possible economies of scale.