A Nation's Current Account Balance Is Equal to Its Exports

question 290

Multiple Choice

A nation's current account balance is equal to its exports less its imports of

• A) goods and services.
• B) goods and services, minus U.S. purchases of assets abroad.
• C) goods and services, plus net investment income and net transfers.
• D) goods and services, plus foreign purchases of assets in the United States.

---

Definitions:

Income

A measure of money that individuals or businesses receive, usually through wages, investments, or sales.

Voting

The action of expressing a choice or opinion in matters such as electing public officials, passing laws, or making decisions in referendums, typically through a ballot.

Relationship

A connection, association, or involvement between people, whether personal, professional, or societal.

Electoral Votes

The number of votes a state has in the U.S. Electoral College, which ultimately decides the President and Vice-President of the United States.