In general, large current account deficits have to be financed by:
A) capital outflows abroad.
B) capital inflows from abroad.
C) trade barriers.
D) none of the above.
B
Economics
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Refer to the scenario above. Which of the following will happen if her husband quits his job to look after their son instead of Sarah?
A) The country's GDP will remain unchanged. B) The country's GDP will increase. C) The country's trade deficit will increase. D) The country's trade surplus will increase. Mike's housekeeper charges $30 for mowing his lawn.
Economics
Between 1990 and 2007 our trade deficit
A. decreased substantially. B. remained about the same. C. almost doubled. D. more than quadrupled.
Economics