The Balance on the Current Account Equals the Negative of the Balance

question 35

Multiple Choice

The balance on the current account equals the negative of the balance on the financial account, plus:

• A) the trade balance.
• B) net factor income from abroad.
• C) net unilateral transfers.
• D) the negative of the balance on the capital account.

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Definitions:

Sociologists

Social scientists who study the development, structure, and functioning of human society, including social behaviors, cultures, and institutions.

Personal Space

The physical area surrounding individuals that they consider psychologically theirs, infringement of which can cause discomfort or distress.

Inborn

Traits, characteristics, or abilities present in an individual from birth, not acquired or developed through experience.

Culture

The entire way of life of a group of people (including both material and symbolic elements) that acts as a lens through which one views the world and that is passed from one generation to the next.