Which of the following statements is false?
A) High levels of consumption tend to be associated with current account deficits.
B) High levels of savings tend to be associated with current account surpluses.
C) Low levels of savings tend to be associated with current account deficits.
D) Low levels of savings tend to be associated with capital account deficits.
E) Savings and consumption affect the current account.
Correct Answer:
Verified
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A) implies the country
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Q38: A current account deficit is offset by:
A)
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