Which of the following is not one of the subaccounts that add up to the current account?
The ide Show more A base year is a year against which other years are measured. True False The idea that total expenditures equal total income earned is illustrated in the circular flow diagram. intermediate value-added system. cost of living adjustment to the balance of payments. personal and national income accounts diagram. double-entry accounting system. A negative balance in the merchandise account would be indicated by imports that exceed exports. a current account deficit. exports that exceed imports. decreasing transfer payments. a deficit balance on investment income. National income (NI) is net national product (NNP) plus indirect business taxes. True False The financial account is the record in the balance of payments of the flow of financial assets into and out of a country. a record of the dollar amount of exported and imported services. the amount of foreign currency held domestically. the value of services provided by capital in foreign countries. the amount of dollars held abroad. The demand for foreign currency in the United States is based on the demand for domestic exports. U.S. dollars. gold. foreign goods and services. domestic goods and services. Which of the following is not one of the subaccounts that add up to the current account? Merchandise Investment income Services Unilateral transfers Statistical discrepancy Since the 1980s the U.S. current account deficit has been financed by large inflows of foreign government capital. the Tax Reform Act of 1986 which increased income taxes for the wealthy. loans by U.S. residents to the government. large outflows of domestic capital to other countries. large inflows of capital from private foreign investment in the United States. The net-debtor status of the United States is reflected by the large deficits in its unilateral transfers account. current account. merchandise account. investment income account. service account. Show less