What Is the Bookkeeping System for Recording All Receipts and Payments

question 2

Multiple Choice

What is the bookkeeping system for recording all receipts and payments that have a direct bearing on the movement of funds between a nation and foreign countries?

• A)current account
• B)capital account
• C)balance of payments
• D)trade balance

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Definitions:

Multiplier

The ratio of the change in an endogenous variable to the change in an exogenous variable it is dependent on, often used in the context of fiscal policy’s effect on the economy.

MPC

Stands for Marginal Propensity to Consume, indicating the proportion of additional income that is spent on consumption.

Tax Cut

A reduction in the amount of taxes that individuals or companies are required to pay to the government.

Taxes

Required financial obligations or other sorts of charges enforced on a taxpayer by a government agency for the purpose of funding governmental activities and several public spending.