In the 19th century, Canada had a period of significant current account deficits, which contributed to economic growth. These deficits most notably
A) financed construction of railroads.
B) financed lower taxes.
C) allowed for a substantial increase in government spending's share of GDP.
D) financed the development of land-grant universities.
E) financed consumer spending.
Correct Answer:
Verified
Q49: The national present-value budget constraint states that
A)the
Q50: A current account deficit is
A)it does not
Q51: In a two-period SOE model with production,
Q52: International trade has increased for which of
Q53: International trade has increased for all of
Q55: Absorption can be defined as
A)GDP/NX.
B)I/GDP.
C)X - M.
D)C
Q56: In the two-period SOE model with production,
Q57: In the two-period SOE model with production,
Q58: In the two-period SOE model, if the
Q59: The current account surplus is NOT
A)private saving
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