In 2013, the U.S. had a:
A) current account deficit and a capital and financial account surplus.
B) current account surplus and a capital and financial account deficit.
C) current account deficit and a capital and financial account deficit.
D) current account surplus and a capital and financial account surplus.
E) zero current account balance.
Correct Answer:
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Q20: To reduce a trade deficit, a country
Q21: To reduce a trade surplus, a country
Q22: Reducing a current account deficit requires:
A) increasing
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Q24: A record of all economic transactions between
Q26: The balance of payments is:
A) positive when
Q27: The U.S.:
A) usually has a trade deficit
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Q29: Suppose a German resident buys a U.S.
Q30: An example of a unilateral transfer would
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