Multiple Choice
Scenario: There are two countries-Country X and Country Y-that trade only with each other. During a particular year, the residents of Country X purchased buildings worth $10 billion in Country Y. None of the other transactions between the two countries during that year involved the purchase or sale of assets.
-Refer to the scenario above.Based on this information,it can be concluded that ________.
A) County Y experienced a current account deficit during that year
B) County X ran a current account deficit during that year
C) County Y experienced a current account surplus during that year
D) County X ran a financial account surplus during that year
Correct Answer:

Verified
Correct Answer:
Verified
Q78: Scenario: Mark can make three tables and
Q79: During a particular year,a country imported goods
Q80: Scenario: Consider two economies, Beta and Zeta.
Q81: International trade flows only in goods,not services.
Q82: Scenario: There are two workers in a
Q84: Scenario: Mike and John work as waiters
Q85: A trade surplus is an excess of
Q86: Suppose that the United States sends foreign
Q87: Factor payments from foreigners represent payments that
Q88: A factory manufactures bags and shoes.There are