The Current Account on a Nation's Balance of Payments Statement

question 28

Multiple Choice

The current account on a nation's balance of payments statement includes all of the following except:

• A) The nation's goods exports
• B) The nation's goods imports
• C) Net investment income
• D) Net purchases of assets abroad

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Definitions:

Test Statistic

A test statistic is a value calculated from sample data during a hypothesis test. It's compared to a critical value to decide whether to reject the null hypothesis.

μ

The symbol for the mean or average of a set of data points in statistics.

Population Standard Deviation

A measure of the dispersion of a set of data points in a population away from its mean.

Sample Mean

The average of a set of values from a sample of a population, used to estimate the population mean.