If a country runs a trade deficit to finance increased current consumption, it will have to increase consumption in the future to pay back its borrowings
Indicate whether the statement is true or false
FALSE
Economics
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Since 1929, total government taxes as a percentage of GDP:
a. climbed from 10 percent to over 35 percent. b. remained close to 30 percent. c. climbed from 30 percent to about 50 percent. d. climbed from 15 percent to about 50 percent.
Economics
Figure 4-24
Refer to . The price that buyers pay after the tax is imposed is
a.
P1.
b.
P2.
c.
P3.
d.
impossible to determine from the figure.
Economics