Suppose that a country has a trade surplus of $50 billion, a balance on the capital account

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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 will be:

a. $7,200 billion.

b. $1,200 billion.

c. $200 billion.

d. $100 billion.

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Microeconomics Principles, Problems and Policies

ISBN: 978-1259450242

20th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn

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Question Posted: Apr 24, 2018 05:23 AM

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Suppose that a country has a trade surplus of $50 billion, a balance on the capital account

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Answer c 200 billion Feedback The correct answer is that the balance on the capital and financial ac...View the full answer

Microeconomics Principles, Problems and Policies

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