Australia has a current account surplus of $3 billion per quarter and a net income deficit of $3 billion per quarter. Which of the following is TRUE? Group of answer choices The trade surplus is $6 billion per quarter The capital account deficit is $6 billion per quarter All the other options Net foreign liabilities are increasing

When Australia has a current account surplus, we know that it is also: Group of answer choices running a balanced trade account. lending to the rest of the world. borrowing from the rest of the world. suffering from negative investment income. none of the above

Multiple Choice QuestionHow is the balance on current account calculated?Multiple choice question.By subtracting net imports from net exportsBy adding the trade surplus to the trade deficitBy adding all transactions in the current accountBy adding all transactions on the balance-of-payments statement

Multiple Choice QuestionIn a given year, if U.S. exports total $2.5 billion and U.S. imports total $3.5 billion, what is the balance of trade on goods for that year?Multiple choice question.A $6 billion deficitA $6 billion surplusA $1 billion surplusA $1 billion deficit

Multiple Choice QuestionA country experiences a trade surplus under which of the following conditions?Multiple choice question.When it imports more goods and services than it exportsWhen it exports more services than it does goodsWhen it exports more goods and services than it importsWhen it exports more goods than it does services

Multiple Choice QuestionIf the United States exports more than it imports, domestic consumption will be Blank______ because the United States will need to send more of its output abroad than it receives as imports. Therefore, current consumption gains delivered by U.S. current account Blank______ may mean permanent debt, permanent foreign ownership, or large sacrifices of future consumption.Multiple choice question.higher; deficitslower; deficitslower; surpluseshigher; surpluses