Australia has a current account surplus of $1 billion per quarter and a net income deficit of $5 billion per quarter. Which of the following is FALSE? none of the above net foreign liabilities are decreasing the trade surplus is $6 billion per quarter the capital account deficit is $1 billion per quarter
Australia has a current account surplus of $1 billion per quarter and a net income deficit of $5 billion per quarter. Which of the following is FALSE? none of the above net foreign liabilities are decreasing the trade surplus is $6 billion per quarter the capital account deficit is $1 billion per quarter
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter23: The International Trade And Capital Flows
Section: Chapter Questions
Problem 45P: Table 23.7 provides some hypothetical data on macroeconomic accounts for three countries represented...
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