A country's balance of payments accounts records all of the following items except ____________.

international trading
taxes and transfer payments
lending
borrowing

The account that records the receipts from the exports of goods and services sold abroad, the payments for imports of goods and services from abroad, net interest paid abroad, and net transfers is the ______________.

capital account
current account
official settlements account
international capital account

The capital account measures ________________________.

capital used inside the United States but manufactured outside the United States
foreign investment in the United States minus U.S. investment abroad
capital produced outside of the United States minus capital produced inside the United States
capital used outside the United States but manufactured inside the United States

The official settlements account records the change in _________________.

official U.S. reserves
international trade
the reserves held by banks and the Fed
foreign investment and domestic investment

Official U.S. reserves are the _________________.

reserves of U.S. dollars held by foreign banks
holdings of foreign currency by the public and the banks
reserves of U.S. dollars held by the World Bank
government's holdings of foreign currency

The value of net exports increases when the value of ______________________.

imports of goods and services increase
exports of goods and services decrease
exports of goods and services minus imports of goods and services decreases
imports of goods and services decrease

A country that borrows more from the rest of the world than it lends to it in a year is called a _______, and a country that lends more to the rest of the world than it borrows from it in a year is called a _______.

gross borrower; gross lender
borrower; lender
importer; exporter
net borrower; net lender

A country that during its entire history has borrowed more from the rest of the world than it has lent to it is a _______, and a country that during its entire history has invested more in the rest of the world than other countries have invested in it is a _______.

debtor nation; creditor nation
borrower nation; creditor nation
net borrower nation; net lender nation
debtor nation; investor nation

The government sector surplus or deficit is equal to _____________________.

exports minus imports
saving minus investment
tariffs minus imports
net taxes minus government purchases of goods and services

The private sector surplus or deficit is equal to ____________________.

income minus consumption minus net taxes
income minus consumption
income minus consumption minus investment
saving minus investment

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