Comment on the following statement: "Since the United States imports more than it expona.It is necessary for the United States to import capital from foreign countries to finance tscurrent account deficits."

The balance of payment (BOP) is the financial statement of a country which includes all its…

Answered: Comment on the following statement:…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Comment on the following statement: "Since the United States imports more than it expona. It is necessary for the United States to import capital from foreign countries to finance ts current account deficits."