The position of the United States current account balance in 2009 was
A) lent over 6 percent of its GNP, resulting in a large current account surplus.
B) borrowed over 9 percent of its GNP, leading to a large current account deficit.
C) achieved a currant account balance of zero.
D) borrowed over 10 percent of its GNP, leading to a large current account deficit.
E) borrowed less then 5 percent of its GNP, leading to a large current account surplus.
Correct Answer:
Verified
Q30: In the United States, (gross) investment has
Q50: An American buys a Japanese car, paying
Q55: Assume:
C = 40 + 0.8(Y - T)
G
Q56: Ricardian equivalence argues that when the government
A)
Q57: Fill in the following table.

Q58: Government purchases currently take up about
A) 20
Q60: Explain the concept of Ricardian equivalence.
Q62: How does an economy's central bank manage
Q66: What types of international transactions are recorded
Q71: How can changes in the market 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