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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 15
The table gives some information about the U.S. international transactions in 2010.
a. Calculate the current account balance.
b. Calculate the capital and financial account balance.
c. Did U.S. official reserves increase or decrease
d. Was the United States a net borrower or a net lender in 2010Explain your answer.
a. Calculate the current account balance.b. Calculate the capital and financial account balance.
c. Did U.S. official reserves increase or decrease
d. Was the United States a net borrower or a net lender in 2010Explain your answer.
Explanation
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Verified
a.
Current account balance:
Current ac...
Macroeconomics 11th Edition by Michael Parkin
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