Which of the Following Is True in 2009

question 8

Multiple Choice

Which of the following is true in 2009?

• A)US current account and financial account both had a deficit
• B)US current account had a deficit but the financial account had a surplus
• C)US financial account was in deficit while the current account had a surplus
• D)Both the current account and financial account was independently balanced

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Definitions:

Direct Benefit Payments

Direct payments from governments to individuals for programs like Social Security, welfare, or subsidies.

Gasoline

A flammable liquid derived from petroleum, used primarily as fuel in internal combustion engines.

Netherlands

A country located in Northwestern Europe, known for its flat landscape, extensive canal systems, tulip fields, windmills, and cycling routes.

Germany

A country in Central Europe known for its rich history, culture, and contributions to the world in various fields like technology, science, and the arts.