The current account balance equals
A) net exports + net transfers + net interest.
B) net exports + net transfers.
C) net exports - net transfers + net interest.
D) net exports - net transfers - net interest.
E) net exports + net transfers - net interest.
Question 2
Induced expenditure includes
A) consumption expenditure, government expenditure on goods and services, and imports.
B) investment, consumption expenditures, and exports.
C) consumption expenditure and exports.
D) consumption expenditure and government expenditure on goods and services.
E) consumption expenditure and imports.