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 borrowing 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 lending of $100 billion.
E) The country has a capital account deficit of $1,100 billion.
Correct Answer:
Verified
Q71: Q72: A nation that is a net borrower Q73: The United States currently is a Q74: From the 1990s to the present, the Q75: For most of the years since 1981, Q77: A nation that currently has a surplus Q78: From the early 1990s through 2008, the Q79: If U.S.exports exceed U.S.imports and official reserves Q80: The United States switched from being a Q81: Which of the following is correct?
A) creditor
i. The
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