Australia Has Continually Run Current Account Deficits Over Much of Its

question 121

Multiple Choice

Australia has continually run current account deficits over much of its history. This implies:

• A) we are living beyond our sustainable means.
• B) most of our assets are now owned by foreign interests.
• C) our capital stock is dwindling.
• D) we have always had an excess of savings over investment.

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Definitions:

Formal Charges

A bookkeeping tool used in chemistry to assign charges to atoms in a molecule, calculated based on the valence electrons an atom is expected to have versus the electrons it actually controls.

Plus Four Estimate

A technique in constructing a confidence interval that adds four to the sample size (two successes and two failures) for estimating proportions with small samples.

Standard Error

A measure of the dispersion of sample mean estimates from the population mean.

True Proportion

The actual proportion of a particular outcome within the entire population.