a. The budget balance can be either positive or negative. b. National budget deficits are NOT included in the calculation of national savings. c. The national savings are the combined value of all private savings and the budget balance. d. Outflows of funds can only be generated by countries with a larger gross domestic product (GDP) per capita than the country receiving the funds. Why do funding from national savings and funding obtained from capital inflows differ

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business. true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.