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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 42
Circle the letter that corresponds to the best answer. Which statement is the most accurate?
A) Our balance on the current account is negative.
B) Since our balance of payments is always zero, there is little to worry about.
C) The income Americans receive from their foreign investments is much greater than the income foreigners receive for their American investments.
D) Because our imports are much greater than our exports, the federal government is forced to make up the difference.
A) Our balance on the current account is negative.
B) Since our balance of payments is always zero, there is little to worry about.
C) The income Americans receive from their foreign investments is much greater than the income foreigners receive for their American investments.
D) Because our imports are much greater than our exports, the federal government is forced to make up the difference.
Explanation
Verified
Verified
a)
This statement is true because US cur...
Macroeconomics 11th Edition by Stephen Slavin
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