If a country runs a deficit in its current account, it is because
a. exports exceed imports
b. imports exceed exports
c. net unilateral transfers are negative
d. foreign currency received from exports and transfers exceeds the foreign exchange needed to pay for imports and to make unilateral transfers
e. foreign currency received from exports and transfers is less than the foreign exchange needed to pay for imports and to make unilateral transfers
E
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What factors raise the productivity of labor?
What will be an ideal response?
In the new Keynesian model, an ________ increase in productivity will impact ________
A) unanticipated; both aggregate demand and aggregate supply B) anticipated; both aggregate demand and aggregate supply C) anticipated; aggregate demand, but not aggregate supply D) unanticipated; aggregate demand, but not aggregate supply