Which of the Following Components of the Current Account Are

question 100

Multiple Choice

Which of the following components of the current account are included in GDP?

• A)net exports
• B)net foreign investment income
• C)net transfer payments sent to foreigners
• D)all of the above

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Definitions:

Efficiency

The ability to accomplish a task or produce an output with a minimum amount of waste, expense, or unnecessary effort.

Supervisor Wages

The compensation, often hourly or salaried, paid to individuals in supervisory positions for overseeing the work of others.

Factory

A factory is an industrial site where workers manufacture goods or operate machines processing one product into another, typically involving large-scale production methods and specialized equipment.

Australian Accounting Standards

A set of principles and rules that guide financial reporting and accounting practices in Australia.