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book Microeconomics 20th Edition by Campbell McConnell, Stanley Brue,Sean Flynn cover

Microeconomics 20th Edition by Campbell McConnell, Stanley Brue,Sean Flynn

Edition 20ISBN: 978-0077660819
book Microeconomics 20th Edition by Campbell McConnell, Stanley Brue,Sean Flynn cover

Microeconomics 20th Edition by Campbell McConnell, Stanley Brue,Sean Flynn

Edition 20ISBN: 978-0077660819
Exercise 2
China had a $214 billion overall current account surplus in 2012. Assuming that China's net debt forgiveness was zero in 2012 (its capital account balance was zero), by how much did Chinese purchases of financial and real assets abroad exceed foreign purchases of Chinese financial and real assets
Explanation
Verified
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Current account surplus:
China's curren...

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Microeconomics 20th Edition by Campbell McConnell, Stanley Brue,Sean Flynn
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