Fill in the Blank QuestionFill in the blank question.The balance on the current account and the balance on the capital and financial account must always sum to because any deficit or surplus in the current account automatically creates an offsetting entry in the capital and financial account.

A country finds itself in the following situation: a government budget deficit of $800; total domestic savings of $1800, and total domestic physical capital investment of $1300. According to the national saving and investment identity, what is the current account balance?Choose one answer from the options below.deficit of $1300surplus $300deficit of $300surplus of $1300

__________ account deficit is financed by net capital flows from the rest of the world, thus by a capital account surplus.

As the balance in the Accumulated Depreciation increases, total assets because Accumulated Depreciation is a -account.

The balance in the Accumulated Depreciation account represents the

LO 7.3 The sum of all the accounts in the accounts receivable subsidiary ledger should ________.Choose one answer from the options below.A. equal the accounts receivable account balance in the general ledger before posting any amountsB. equal the accounts payable account balance in the general ledger before posting any amountsC. equal the accounts receivable account balance in the general ledger after posting all amountsD. equal the cash account balance in the general ledger after posting all amounts