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:

Cognitive Equilibrium

A state of mental balance where individuals' experiences are in harmony with their understanding and expectations, according to Piaget's theory of cognitive development.

Mental Balance

A state of psychological stability where thoughts, emotions, and actions are in harmony, often associated with well-being and coping skills.

Thought Processes

The ways in which individuals reason, reflect, evaluate, and form judgments.

Psychoanalytic Theory

A psychological theory originated by Sigmund Freud that emphasizes unconscious mental processes in influencing behavior.