Obtain a recent issue of The Economist. Turn to the section titled Financial Indicators. Look at the
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Obtain a recent issue of The Economist. Turn to the section titled “Financial Indicators.” Look at the table titled “Trade, exchange rates and budgets.” Which country had the largest trade deficit over the last year and during the last month? Which country had the largest trade surplus over the last year and during the last month? How does the current account deficit/surplus compare to the overall trade balance? How can you explain the difference?
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The trade balance is simply made up of exports and imports of goods and services A ...View the full answer
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Related Book For
Principles of Macroeconomics
ISBN: 978-0134078809
12th edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
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