A point to the left of the BP curve would represent
A)a balance of payments deficit.
B)a balance of payments surplus.
C)internal disequilibrium.
D)Both A and C.

Name: A point to the left of the BP curve would represent A)a balance of payments deficit. B)a balance of payments surplus. C)internal disequilibrium. D)Both A and C.
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Question

Quizplus · Accepted Answer

A point to the left of the BP curve indicates a balance of payments surplus, as it represents a situation where the country's foreign exchange inflows exceed outflows.

A Point to the Left of the BP Curve Would