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
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