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In 2008, Canada Had a Current Account Surplus of Approximately

Question 3

Multiple Choice

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.

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