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)
False
Such a situation could arise if a country had a financial and capital account deficit that exceeded its current account surplus.
You might also like to view...
At an interest rate of 5 percent, the present value of $1,000 to be received three years from today is
A) less than $875. B) between $875 and $925. C) between $925 and $975. D) more than $975.
The marginal product of labor (MPL) measures ________
A) by how much labor increases for each additional unit of output B) by how much labor increases for each additional unit of capital C) by how much total factor productivity increases for each additional unit of labor D) by how much labor increases for each additional unit of productivity E) by how much output increases for each additional unit of labor