Which of the Following Statements Is Most Accurate About the U.S

question 38

Multiple Choice

Which of the following statements is most accurate about the U.S. current account since the Great Recession (the period covering 2009-2015) ?

• A)The current account has remained the same in absolute terms, but fallen as a percentage of GDP.
• B)The current account has gone from a deficit to a surplus.
• C)The current account deficit has grown in absolute terms, but remained relatively constant as a percentage of GDP.
• D)The current account deficit has grown in both absolute terms, and as a percentage of GDP.

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in a marketplace.

Book Value

The net value of a company's assets minus its liabilities, often used to determine the value of a company's shares.

Operating Assets

Resources employed in a business's regular activities for income generation, such as money, stock, and machinery.

Static Budget

A fixed budget that does not change or adjust over the budget period, irrespective of changes in actual activity levels.