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    Principles of Macroeconomics Study Set 12
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    Exam 19: Open-Economy Macroeconomics: the Balance of Payments and Exchange Rates
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    When a Country's Exports of Goods Are Less Than Its
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When a Country's Exports of Goods Are Less Than Its

Question 212

Question 212

Multiple Choice

When a country's exports of goods are less than its imports of goods in a given period, it has a


A) trade deficit.
B) capital account deficit.
C) trade surplus.
D) current account surplus.

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