An autonomous appreciation of the U.S. dollar makes American goods ________ expensive relative to foreign goods which ________ net exports in the U.S

Refer to Table 16.1. Consider the data in the table above (in billions of dollars) for an economy. Gross domestic product (in billions of dollars) for this economy equals

A) $2,700. B) $2,525. C) $2,350. D) $2,100.

It is impossible for a country to have a current account surplus and a balance of payments deficit at the same time.

Answer the following statement true (T) or false (F)