The value of imports and exports is recorded in A) official ...

[neverstopbelieb]

The value of imports and exports is recorded in
 
  A) official settlements account.
  B) current account.
  C) international trade account.
  D) capital and financial account.
  E) official reserves account.

Question 2

Suppose an economy has a balanced federal budget, and a favorable supply shock hits the economy. Tax revenues will ________ and expenditures on transfer payments will ________, resulting in a budget ________.
 
  A) fall; fall; deficit B) increase; fall; surplus
  C) fall; increase; deficit D) increase; increase; surplus

[orangecrush]

Answer to Question 1

B

Answer to Question 2

B