The business cycle describes
A) the change in the standard of living across countries.
B) the change in potential GDP over time.
C) the behavior of real GDP over time.
D) the behavior of nominal GDP over time.
E) the behavior of GNP over time.
Question 2
Toyota purchases a truck factory in San Antonio, Texas. This purchase is entered into which of the balance of payment accounts?
A) capital and financial account
B) current account
C) foreign account
D) official settlements account
E) trade account