If a Country Has a Trade Deficit

question 24

Multiple Choice

If a country has a trade deficit

• A)it has positive net exports and positive net capital outflow.
• B)it has positive net exports and negative net capital outflow.
• C)it has negative net exports and positive net capital outflow.
• D)it has negative net exports and negative net capital outflow.

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Definitions:

Regression

A statistical approach for modeling how a dependent variable is related to one or more independent variables.

Error

The difference between a measured or observed value and the true, specified, or theoretically correct value, often used in the context of statistical or experimental analyses.

Sum of Squares

A statistical tool used to measure the total deviation of each observation from the mean of a data set, often used in variance and regression analysis.

Error

The difference between a measured or estimated value and the true value.