Which of the following is FALSE?
A) Current account deficits must be financed through inflows of capital.
B) Loans from abroad add to a country's stock of external debt and generate debt service.
C) Borrowed funds are always used in a manner that contributes to the expansion of the country's productive capability.
D) Debt service can become an unsustainable burden that holds back development.
E) All countries have external debt.
Correct Answer:
Verified
Q9: How do recent current account deficits compare
Q30: Use the following table to answer the
Q32: If domestic savings is less than domestic
Q34: Your text identifies all of the following
Q37: The difference between GNP and GDP is
A)GNP
Q38: Briefly describe the factors that contributed to
Q39: Which of the following is NOT
Q40: Typically,the most important determinant of private investment
Q53: Global capital flows have completely broken the
Q67: Debt service
A)is rarely an issue for high-income
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