Multiple Choice
Under the simplifying assumption made in the text, a current account deficit exists when
A) net exports are positive.
B) financial flows out of a country for goods and services is less than financial flows into the country for its goods and services.
C) a country has a trade deficit.
D) an economy buys less from foreigners than it sells to them.
Correct Answer:
Verified
Correct Answer:
Verified
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