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A country increased its net foreign assets over a year by 10 billion dollars. The net foreign income in that year was 3 billion dollars.
A country increased its net foreign assets over a year by 10 billion dollars. The net foreign income in that year was 3 billion dollars. Which one of the following statements are likely to be correct?
The imports exceeded exports by 7 billion dollars.
The exports exceeded the imports by 7 billion dollars.
The current account deficit was 10 billion dollars.
The current account surplus was 7 billion dollars.
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