The U.S. current account equals A) U.S. exports - U.S. imports ...

[big1devin]

The U.S. current account equals
 
  A) U.S. exports - U.S. imports - net income from foreign investments + net transfers from abroad.
  B) U.S. exports - U.S. imports + net income from foreign investments + net transfers from abroad.
  C) U.S. exports + U.S. imports + net income from foreign investments + net transfers from abroad.
  D) U.S. imports - U.S. exports + net income from foreign investments + net transfers from abroad.

Question 2

Suppose India and France have the same PPF, shown in the figure above. Based on their current production points, India's most likely future PPF is ________, and France's most likely future PPF is ________.
 
  A) PPF1; PPF2 B) PPF2; PPF2 C) PPF1; PPF1 D) PPF2; PPF1 E) PPF0; PPF0

[joewallace]

Answer to Question 1

B

Answer to Question 2

D