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Author Question: ________ consumption is consumption that depends upon the level of GDP and ________ consumption is ... (Read 124 times)

luvbio

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on: Jun 29, 2018
________ consumption is consumption that depends upon the level of GDP and ________ consumption is consumption that does not depend upon the level of GDP.
 
  A) Voluntary; autonomous B) Autonomous; voluntary
  C) Induced; autonomous D) Autonomous; induced

Question 2

What is the relationship among the current account, the financial account, and the balance of payments?
 
  What will be an ideal response?


ultraflyy23

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

Leaving aside the statistical discrepancy and the capital account, both of which are small, the current account plus the financial account equals the balance of payments.


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