During the last year, foreign investment in a country was $500 billion and the country's investment abroad was $600 billion. Which of the following statements is true?
A) The country has net lending of $100 billion.
B) The country has a current account deficit of $100 billion.
C) The country has a current account deficit of $1,100 billion.
D) The country has net borrowing of $100 billion.
E) The country has a capital and financial account deficit of $1,100 billion.
Correct Answer:
Verified
Q33: When Australia exports goods and services to
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Q35: The private sector balance equals
A) net taxes
Q36: Between 1983/84 and 2017/18, Australia
A) had a
Q37: Australia currently is
A) a creditor nation and
Q39: The foreign exchange rate is defined as
A)
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