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1. Suppose a country is unable to borrow from abroad and must always equate the value of its exports and imports. If the private sector

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1. Suppose a country is unable to borrow from abroad and must always equate the value of its exports and imports. If the private sector is saving a lot more than it is investing, is the government in surplus or deficit? Why? Explain your answer. 1 A B I ... UN III GO $

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