A1 4a 4. The US has experienced large and growing current account deficits for more than 20 years, whereas Japan has experienced large and growing current account surpluses for roughly the same period. The US economy has grown at faster rates than Japan’s over the past 10 years. a. Use the relationship between the current account and GDP to explain the difference in growth rates between the two economies
A1 4a 4. The US has experienced large and growing current account deficits for more than 20 years, whereas Japan has experienced large and growing current account surpluses for roughly the same period. The US economy has grown at faster rates than Japan’s over the past 10 years. a. Use the relationship between the current account and GDP to explain the difference in growth rates between the two economies
Chapter1: Making Economics Decisions
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A1 4a
4. The US has experienced large and growing current account deficits for more than 20 years, whereas Japan has experienced large and growing current account surpluses for roughly the same period. The US economy has grown at faster rates than Japan’s over the past 10 years.
a. Use the relationship between the current account and GDP to explain the difference in growth rates between the two economies.
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