Suppose that a country has a trade surplus of $50 billion, a balance on the capital account
Question:
Suppose that a country has a trade surplus of $50 billion, a balance on the capital account of $10 billion, and a balance on the current account of −$200 billion. The balance on the capital and financial account is:
a. $10 billion.
b. $50 billion.
c. $200 billion.
d. −$200 billion.
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The answer is d 200 billion Heres why The balance of payments is a statement that records all econom...View the full answer
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Related Book For 
Macroeconomics
ISBN: 9781264112456
22nd Edition
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
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