In 2018, Germany had a trade surplus of 228 billion and a current account surplus of 249

Question:

In 2018, Germany had a trade surplus of €228 billion and a current account surplus of €249 billion. Explain how Germany’s current account surplus could be larger than its trade surplus. In 2018, what would we expect Germany’s balance on the financial account to have been? Briefly explain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics

ISBN: 9780135957554

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

Question Posted: