Which of the following is true of a current account surplus?
a. A country that is running a current account surplus will have negative net exports.
b. A current account surplus is consistent with domestic spending being in excess of domestic production.
c. A current account surplus means that a country is also running a net surplus in its financial account.
d. A country can have a current account surplus only if it exports more services as compared to goods.
e. A country that is running a current account surplus buys more bonds from the rest of the world as compared to what it sells.
Question 2
When the equation X = GDP - C- I - G yields a negative X, it represents a situation in which the country:
a. experiences runaway inflation.
b. experiences robust GDP growth.
c. experiences a huge budget deficit.
d. borrows to cover the difference between production and spending.
e. lends to cover the difference between production and spending.
Annual Federal Deficit (or Surplus), 1992–2016
Hookup for testing fuel-pump current draw on any vehicle equipped with a fuel-pump relay.
What is the current flowing through the resistor?
Work of Running Water
A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ...
Current intensity and the frequency of action potentials