Multiple Choice
Current account is given by the equation:
A) CA = IM - EX (measured in terms of domestic output) .
B) CA = IM - EX (measured in terms of foreign output) .
C) CA = EX - IM (measured in terms of domestic output) .
D) CA = EX - IM (measured in terms of foreign output) .
E) CA = EX + IM (measured in terms of domestic output) .
Correct Answer:
Verified
Correct Answer:
Verified
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