The current account records all transactions below EXCEPT for ...

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The current account records all transactions below EXCEPT for
 
  A) net exports of goods and services.
  B) net interest income.
  C) net foreign investment.
  D) net transfers.

Question 2

How has the U.S. growth experience compared to that of Central Europe and Africa? How has compared to the recent experience of Asian nations such as Hong Kong and Singapore.
 
  What will be an ideal response?

[miss_1456@hotmail.com]

Answer to Question 1

C

Answer to Question 2

A persistent gap in the level of real GDP per person has existed between the United States and most other nations in the world. Nations from Central Europe and Africa have consistently grown at a slower rate and have therefore fallen further behind in real GDP per person. An exception to this rule has been the experience of several Asian nations such as Hong Kong and Singapore. These and other Asian nations have experienced, on average, higher growth rates than the United States and so have (partially) closed the gap in real GDP per person.

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Correct answers!

[miss_1456@hotmail.com]

Great! Please up vote