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1. (Short Answer Questions) First, answer whether the statement for each question is true, false, or uncertain. Then explain why your answer is true, false:

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1. (Short Answer Questions) First, answer whether the statement for each question is true, false, or uncertain. Then explain why your answer is true, false: or uncertain. The easiest way to show a statement is false is to provide a counterexample. Points will be given based 011 your explanation, not the answer itself. Your answer must not exceed 5 lines. (a) (True/ False / Uncertain Question: 10 points ) The country A recorded a current account surplus in 2022. Then the country A experienced a net capital inow in 2022. (1)) (True/ False / Uncertain Question: 10 points) No Ponzi condition implies that a country's debt cannot grow to innity. (c) (True/ False / Uncertain Question: 10 points) The endowment economy models can predict a countercyclical trade balance. if it features a permanent income shock

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