Author Question: The balance of trade is measured by which of the following expressions? a. The value of exported ... (Read 71 times)

natalie2426 · **on:** Jun 30, 2018

The balance of trade is measured by which of the following expressions?
a. The value of exported goods and services minus the value of imported goods and services
b. The value of income receipts on investments minus income payments on investments
c. The value of goods exports minus the value of goods imports
d. The value of government spending minus the value of all taxes received
e. The balance on capital account plus the balance on current account

Question 2

Which of the following is false?
a. The national debt's size decreased steadily after World War II.
b. The national debt increases in size whenever the federal government has a surplus budget.
c. The size of the national debt currently is about the same size as it was during World War II.
d. All of the above are true.
e. All of the above are false.