1. Other things equal, what is the likely impact of a U.S. trade deficit on 1. the current account? 2. foreign savings if domestic investment is greater than domestic saving? 3. foreign savings if domestic investment is less than domestic saving?
1. Other things equal, what is the likely impact of a U.S. trade deficit on 1. the current account? 2. foreign savings if domestic investment is greater than domestic saving? 3. foreign savings if domestic investment is less than domestic saving?
Chapter1: Making Economics Decisions
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![1. Other things equal, what is the likely impact
of a U.S. trade deficit on
1. the current account?
2. foreign savings if domestic investment
is greater than domestic saving?
3. foreign savings if domestic investment
is less than domestic saving?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa25f15dd-3de0-471a-854e-798c1328333f%2Fee0e3130-1a63-4c0c-83bf-dccf0006b793%2Fn7lgie_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1. Other things equal, what is the likely impact
of a U.S. trade deficit on
1. the current account?
2. foreign savings if domestic investment
is greater than domestic saving?
3. foreign savings if domestic investment
is less than domestic saving?
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