Multiple Choice
Which of the following statements is true?
A) The world as a whole has a current account surplus.
B) The world as a whole has a current account balance.
C) The world as a whole has a balance of payment surplus.
D) The world as a whole has a current account deficit.
Correct Answer:

Verified
Correct Answer:
Verified
Q23: Suppose desired consumption is $10 billion and
Q24: Assume that Costa Rica,a small open economy,has
Q25: An economy in which output exceeds absorption<br>A)will
Q26: Which of the following statement is true?<br>A)In
Q27: A capital account surplus necessarily implies<br>A)a balance
Q30: If there are no factor payments from
Q31: For a small open economy,an increase in
Q32: When future labour income falls in a
Q33: Suppose a wealthy Saudi Arabian prince donates
Q45: Suppose output is $35 billion,government purchases are