The Sum of Net Exports of Goods and Services Plus

question 59

Multiple Choice

The sum of net exports of goods and services plus net income from abroad plus net unilateral current transfers equals

• A)the trade balance.
• B)the balance on current account.
• C)the capital account balance.
• D)the capital and financial account balance.

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Definitions:

European Development

The process of economic, social, and political change and growth in European countries, often involving integration, innovation, and the handling of challenges such as migration and regional disparities.

One-child Policy

A birth control policy formerly implemented by China, aimed at controlling the population by limiting families to having only one child.

Spiralling Population

A scenario where a population grows rapidly due to a combination of high birth rates and lower mortality rates, often resulting in increased stress on resources and infrastructure.

Out-migration

The movement of people from a certain area or country to another, leading to a decrease in the population of the origin place.