If the Value of Goods and Services Exported from Australia

question 124

Multiple Choice

If the value of goods and services exported from Australia is smaller than the value of goods and services imported, then:

• A)Australia's balance of payments will be in deficit.
• B)Australia's balance of trade on goods and services will be in deficit.
• C)Australia will have a current account surplus.
• D)Australia will have a financial account deficit.

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Definitions:

Wavelength

The distance between two consecutive points of similar phase in a wave, such as between two crests or troughs in a sound or light wave.

Colour

A characteristic of visual perception described through categories such as hue, saturation, and brightness, resulting from the way an object interacts with light.

Wavelength

The distance between successive crests of a wave, especially points in a sound wave or electromagnetic wave, a key characteristic in understanding wave properties.

Triglycerides

A type of fat found in the blood that the body uses for energy.