A country that borrows more from the rest of the world than it lends to it in a year is called a___________ , and a country that lends more to the rest of the world than it borrows from it in a year is called a___________ .

Question

Quizplus · Accepted Answer

The terms "net borrower" and "net lender" refer to a country's overall position in terms of borrowing and lending. "Gross borrower" and "gross lender" do not take into account the balance between borrowing and lending, and "importer" and "exporter" refer to trade flows rather than borrowing and lending.

A Country That Borrows More from the Rest of the World