Current Account Is the Difference Between

question 94

Multiple Choice

Current account is the difference between:

• A) gross national disposable income and gross national expenditure.
• B) national income and net factor income from abroad.
• C) gross national income and gross national expenditure.
• D) consumption expenditure and savings.

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Definitions:

Weighted-Average Method

An inventory costing method that assigns an average cost to each unit of inventory, based on the weight of its cost in total inventory.