The Balance of Payments Is a Statement That Records

question 58

Multiple Choice

The balance of payments is a statement that records:

• A)all the exchanges requiring an outflow of funds to foreign nations or an inflow of funds from other nations.
• B)the monetary value of all finished goods and services produced within a country's borders in a specific time period.
• C)the total income earned by all the people and institutions within a country from the production of goods and services.
• D)the additions to the existing stock of plant and equipment used in the production of goods and services.
• E)all the exchanges requiring an outflow of funds from the government to the private sector.

---

Definitions:

Employment Records

Documentation regarding a person's work history, including positions held, tenure, and performance.

Fourth Quintile

The subgroup that represents the fourth segment of a population divided into five equal groups based on a particular characteristic, typically income.

Total Income

The sum of all earnings or revenue generated by an individual or entity from various sources before any deductions.

U.S. Income Distribution

The way in which total income is shared among the population of the United States.