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Assess the following statements (notice that not all of the statements are true) (maxi- mum 6 lines per statement): (a) (25 points) The USA has
Assess the following statements (notice that not all of the statements are true) (maxi- mum 6 lines per statement): (a) (25 points) "The USA has a massive current account deficit. However, this is not a problem, because it means that the USA is simultaneously investing massively ( relative to its savings)." (b) (25 points) "In National Accounting, the concept of investment is not related to financial assets."
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