Author Question: The ________ always equals zero. A) sum of capital and financial account plus official ... (Read 9 times)

mmm · **on:** Jun 29, 2018

The ________ always equals zero.

A) sum of capital and financial account plus official settlements account
B) sum of current account plus capital and financial account
C) sum of current account plus official settlements account
D) sum of current account plus capital and financial account plus official settlements account
E) official settlements account

Question 2

Instead of taking the dirty laundry with you when you go back to visit your parents, you use a Laundromat. Your use of the Laundromat means that

A) GDP will remain the same.
B) GDP will decrease and the country's standard of living will fall.
C) what you paid for use of the Laundromat will be included in GDP.
D) real GDP does not change because the clothes are still being laundered but nominal GDP rises since you are now paying for the service.
E) your parents' contribution to GDP will increase.