Which statement is the most accurate? a) Our balance on the current account is negative. b) Since

Question:

Which statement is the most accurate?

a) Our balance on the current account is negative.

b) Since our balance of payments is always zero, there is little to worry about.

c) The income Americans receive from their foreign investments is much greater than the income foreigners receive for their American investments.

d) Because our imports are much greater than our exports, the federal government is forced to make up the difference.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

Question Posted: