Q6: Below is the quadrant of sectoral balances GB<0 GB>0 Switzerland Sweden. 15 DPB > 0 GB = -(DPB + FB) 10 Netherlands • Germany Japan Belgium Austria 5 UK France ⚫US Finland .. •Poland Italy FB > O CAB <0 Denmark Hungary Korea O 5 10 • Greece • Portugal 15 Australia⚫ • Spain -15 Norway -10 -5 -5 New Zealand -10 -15 1) Name the golden states in the above quadrant. 2) Why is the status of the golden states hard to achieve? Why not every country can be a golden state if they try hard enough? 3) Describe the balances of the three sectors in the United Kingdom. 4) Why are, for instance, Norway, Korea, New Zealand, Australia, Portugal, Greece, and Spain in an unsustainable position? 5) Name the countries with the twin deficits in the above quadrant.
Q6: Below is the quadrant of sectoral balances GB<0 GB>0 Switzerland Sweden. 15 DPB > 0 GB = -(DPB + FB) 10 Netherlands • Germany Japan Belgium Austria 5 UK France ⚫US Finland .. •Poland Italy FB > O CAB <0 Denmark Hungary Korea O 5 10 • Greece • Portugal 15 Australia⚫ • Spain -15 Norway -10 -5 -5 New Zealand -10 -15 1) Name the golden states in the above quadrant. 2) Why is the status of the golden states hard to achieve? Why not every country can be a golden state if they try hard enough? 3) Describe the balances of the three sectors in the United Kingdom. 4) Why are, for instance, Norway, Korea, New Zealand, Australia, Portugal, Greece, and Spain in an unsustainable position? 5) Name the countries with the twin deficits in the above quadrant.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Q6: Below is the quadrant of sectoral balances
GB<0
GB>0
Switzerland
Sweden.
15
DPB > 0
GB = -(DPB + FB)
10
Netherlands
•
Germany Japan
Belgium
Austria 5
UK
France
⚫US
Finland
..
•Poland
Italy
FB > O
CAB <0
Denmark
Hungary
Korea O
5
10
• Greece
• Portugal
15
Australia⚫
• Spain
-15 Norway
-10
-5
-5
New Zealand
-10
-15
1) Name the golden states in the above quadrant.
2) Why is the status of the golden states hard to achieve? Why not every country can be a golden
state if they try hard enough?
3) Describe the balances of the three sectors in the United Kingdom.
4) Why are, for instance, Norway, Korea, New Zealand, Australia, Portugal, Greece, and Spain
in an unsustainable position?
5) Name the countries with the twin deficits in the above quadrant.
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