The U.S balance of payments is constructed by ?
Correct answer: C. the U.S Department of commerce
- A. the U.S Department of labor
- B. the U.S Department of Agriculture
- C. the U.S Department of commerce
- D. the council of Economic Advisers to the President
Explanation
In the United States, the Department of Commerce, principally through its Bureau of Economic Analysis, compiles the balance-of-payments accounts. The other listed bodies do not have primary responsibility for this national accounting task.
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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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