Answer:  True. The main reasons are due to the fact that data collected or received from different sources may differ in coverage, accuracy, and timing. In addition, data on servi...

Which of the following are true in terms of the current account balance?A.Monetary expansion increases the current accountB.Monetary expansion decreases the current accountC.Fiscal...

A.If central banks are not sterilizing and the home country has a balance of payments surplus, any associated increase in a foreign central bank’s claims on the home country impli...

A.only fullB.only priceC.full employment and priceD.full employment and moderate increase inE.None of theAnswer: C

A.balance in the country’s currentB.balance in the country’s serviceC.balance in the country’s financialD.balance in the country’s tradeE.None of theAnswer: E

A country is said to be in balance of payments equilibrium when the sum of its current and itsA.non-reserved financial accounts equalsB.reserved financial accounts equalsC.non-rese...

The balance of payments systemA.is another method for calculating GDP.B.insures that the net exports are always equal to  zero.C.measures the total value of a domestic economy's t...

A.balance equals the change in its net foreign wealth.B.balance equals the change in its foreign wealth.C.surplus equals the change in its foreign wealth.D.deficit equals the chang...

If the balance of trade totals a $600 billion deficit and service transactions netted a total surplus of $200 billion, then the balance on goods and services would be:A.a $400 bill...

The balance on current account includes which of the following:exports minus imports of goods and servicesincome receipts on US assets abroad minus income payment on foreign assets...