The current account balance tabulates the value of a country's exports of goods and services minus the value of its imports of goods and services.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Using C to represent consumption, I to represent investment, G to represent government spending, S to represent saving, X to represent exports, and M to represent imports, aggregate expenditures can be represented by:
a. C + I + G + (X + M).
b. (C S) + G + (X M).
c. C + I + G + (X M).
d. C + I + G + (X M) S.
