A debtor nation is one that during its entire history has
A)lent more to the rest of the world than it has borrowed from it.
B)borrowed more from the rest of the world than it has lent to it.
C)invested more in the rest of the world than has been invested in it.
D)a public sector deficit that is larger than its net exports.
E)had a government debt.

Question

Quizplus · Accepted Answer

A debtor nation is one that has borrowed more from the rest of the world than it has lent to it. This means that the nation owes more to foreign lenders than it is owed by foreign borrowers, resulting in a negative balance of payments.

A Debtor Nation Is One That During Its Entire History