1. The major component in the current account in the balance of payments is to A

Q: 1. The major component in the current account in the balance of payments is to A

1. Correct option is > C. measure a country’s balance of trade Current account measures the balance of trade 2. Correct option is > D deficit, surplus Over the last several years, the US has run a Deficit in the goods trade balance and a Surplus in the services trade balance

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1. The major component in the current account in the balance of payments is to A measure a country’s balance of international reserves B measure a country’s balance of transfer payments C measure a country’s balance of trade D measure a country’s ownership of foreign long-term and short-term assets E none of the above
2. Over the last several years, the US has run a ___ in the goods trade balance and a ___ in the services trade balance A surplus, deficit B surplus, surplus C deficit, deficit D deficit, surplus E none of the above

1. The major component in the current account in the balance of payments is to A measure a country’s balance of international reserves B measure a country’s balance of transfer payments C measure a country’s balance of trade D measure a country’s ownership of foreign long-term and short-term assets E none of the above
2. Over the last several years, the US has run a ___ in the goods trade balance and a ___ in the services trade balance A surplus, deficit B surplus, surplus C deficit, deficit D deficit, surplus E none of the above

A measure a country’s balance of international reserves B measure a country’s balance of transfer payments C measure a country’s balance of trade D measure a country’s ownership of foreign long-term and short-term assets E none of the above
2. Over the last several years, the US has run a ___ in the goods trade balance and a ___ in the services trade balance A surplus, deficit B surplus, surplus C deficit, deficit D deficit, surplus E none of the above

Explanation / Answer

Correct option is > C. measure a country’s balance of trade

Current account measures the balance of trade

Correct option is > D deficit, surplus

Over the last several years, the US has run a Deficit in the goods trade balance and a Surplus in the services trade balance

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1. The major component in the current account in the balance of payments is to A

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