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wrote...
Posts: 171
4 months ago

Question 1.

A summary of a country's economic transactions with foreign residents and governments is called the

• financial account balance.

• balance of payments.

• balance of trade.

• current account balance.

Question 2.

In the balance of payments, any transaction that leads to a receipt by a resident of a country or its government is a(n)

• surplus item.

• asset.

• deficit item.

• minus item.
Textbook 
Economics Today: The Micro View
Edition: 19th
Author:
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Answer verified by a subject expert
wrote...
Posts: 229
4 months ago
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Answer 1

balance of payments.

Answer 2

surplus item.
1
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