Multiple Choice
Suppose Grovner's exports equal $950 billion, its imports equal $1,000 billion, and
Purchases of foreign assets by its citizens equals $900 billion. What is Grovner's balance on its capital account?
A) $50 billion
B) -$50 billion
C) $850 billion
D) -$850 billion
Correct Answer:
Verified
Correct Answer:
Verified
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