The ________ Measures the Net Flows of Imports and Exports

question 40

Multiple Choice

The ________ measures the net flows of imports and exports of goods,services,income payments,and unilateral transfers.

• A)current account
• B)capital account
• C)change in official reserves
• D)statistical discrepancy
• E)basic balance account

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Definitions:

Fixed Costs

Costs that do not vary with the level of output or production, such as rent, salaries, and insurance premiums.

Sales Volume

The total quantity of products or services sold by a company within a specific period, often used as a measure of business activity.

Break Even

The point at which total costs and total revenues are equal, resulting in no net loss or gain.

Breakeven Point

The point at which total costs and total revenue are equal, meaning a business is neither making a loss nor a profit.