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:

New-product Development

The complete process of bringing a new product to the market, from idea generation to commercialization.

Business Analysis

The practice of evaluating business needs, processes, and operations to identify improvements and solutions to business problems.

Marketing Strategy

Marketing strategy is a long-term approach outlining how a business will target potential customers and convert them into actual customers, integrating all marketing goals and policies.

Financial Projections

Estimates of a company's future financial performance, including income, revenues, expenses, and cash flow over a specified period.