Net transfers are______________?
Correct answer: B. net international resource flows minus net international interest payments and profit remittances
- A. investment loans, and grants from overseas minus international resource outflows
- B. net international resource flows minus net international interest payments and profit remittances
- C. international resource outflows minus international balance of payments and profit remittances
- D. foreign direct investment inflow minus investment loans and grants from overseas
Explanation
Net transfers are net international resource inflows after subtracting interest payments and profit remittances sent abroad. This distinguishes transfers available to the domestic economy from gross capital flows.
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About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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