Which of the following is a statement that summarizes all economic transactions between a country and the rest of the world during a given period of time?
A)trade deficit
B)Gini coefficient
C)balance of payments
D)purchasing power parity

Question

Quizplus · Accepted Answer

The balance of payments (BOP) summarizes all economic transactions between a country and the rest of the world during a given period of time, including trade in goods and services, investment income, and transfers of payments. A trade deficit (A) refers to a situation where a country imports more goods and services than it exports, while a Gini coefficient (B) is a measure of income inequality within a country. Purchasing power parity (D) is a method of comparing the currencies of different countries in terms of their purchasing power.

Which of the Following Is a Statement That Summarizes All