Question : In national income accounting, net exports refer to ______.

Option 1: exports minus imports

Option 2: imports minus exports

Option 3: exports plus imports

Option 4: imports plus exports

Question : The balance of payments is divided into which three main components?

Option 1: Current Account, Capital Account, and Financial Account

Option 2: Exports, Imports, and Trade Balance

Option 3: Income, Savings, and Investments

Option 4: Domestic, Foreign, and External Accounts

Question : The current account includes the balance of trade in goods, balance of trade in _______________and ____________transactions.

Option 1: services, capital

Option 2: transfers, income

Option 3: imports, exports

Option 4: investments, remittances

Question : When a country experiences a depreciation in its currency, it will likely have a positive impact on its:

Option 1: Imports

Option 2: Exports

Option 3: Current account balance

Option 4: Capital account balance

Question : The difference in the value of visible exports and visible imports is called :

Option 1: Balance Sheet of items

Option 2: Balance of Payments

Option 3: Balance of Trade

Option 4: Balance of Account