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i just need the answer without explanation 1. (1) If national income is greater than spending by domestic residents, then the country will have, in
i just need the answer without explanation
1. (1) If national income is greater than spending by domestic residents, then the country will have, in its balance of trade (or balance on current account) a deficit. a surplus. neither a deficit nor a surplus. either a deficit or a surplus - cannot be determined without more information. 2. (1) When considering the change in price of a country's imports when foreign currencies depreciate by 10 percent relative to the home country, the "elasticity of exchange rate pass-through" would be equal to 1.0 if there were no "pass-through." 1.0 if there were complete "pass-through." zero if there were complete "pass-through." 10 percent if there were complete "pass-throughStep by Step Solution
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