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    Principles of Macroeconomics Study Set 11
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    Exam 20: Open-Economy Macroeconomics: the Balance of Payments and Exchange Rates
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    Explain Why There Must Be a Surplus in a Country's
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Explain Why There Must Be a Surplus in a Country's

Question 93

Question 93

Essay

Explain why there must be a surplus in a country's capital account if the country is running a deficit in its current account.

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The overall balance of payment...

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