All of the Following Are Deficit Items in the Balance

question 195

Multiple Choice

All of the following are deficit items in the balance of payments EXCEPT

• A) purchases of foreign assets.
• B) imports of merchandise.
• C) foreign tourist expenditures.
• D) purchases of foreign currency.

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Definitions:

Test Statistic

A standardized value derived from sample data during a hypothesis test that is used to determine the p-value or to compare against the critical value.

Population Means

The average value of a set of characteristics or figures for the entire population.

Credit Purchases

Transactions where goods or services are acquired with an agreement to pay later, often using a credit card or account.

Point Estimate

A single value (or point) estimate derived from sample data to estimate a population parameter.