In 2008, Canada had a current account surplus of approximately $7.5 billion. This surplus implies that during that year, Canada
A) had a debt to the rest of the world of more than $7.5 billion.
B) experienced a capital outflow of $7.5 billion.
C) experienced an increase in GDP of $7.5 billion.
D) was a net borrower from the rest of the world.
E) also had a capital account surplus.
Correct Answer:
Verified
Q1: Suppose that Canada's central bank fixes the
Q2: The demand for Canadian dollars in the
Q4: If Canadian inflation is 4 percent while
Q5: Purchasing power parity
A)allows for both countries' currencies
Q6: A country's balance of payments is sometimes
Q7: Suppose that in Canada we experience a
Q8: With respect to Canada's balance of payments,
A)the
Q9: Suppose the Bank of Canada raises its
Q10: A country's balance of payments is sometimes
Q11: A fall in the Canadian- dollar price
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents