Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ignore the net factor payments from abroad. Which of the following is true about the current account balance in an open eonomy? A.Current account balance

Ignore the net factor payments from abroad. Which of the following is true about the current account balance in an open eonomy?

A.Current account balance equals real GDP net of aggregate consumption.

B.Current account balance equals public saving plus private saving.

C.Current account balance is sometimes greater than the net exports.

D.Current account balance equals public saving plus private saving net of investment.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Macro Economy Today

Authors: Bradley R. Schiller, Karen Gebhardt

14th edition

1259291820, 978-1259291821

More Books

Students also viewed these Economics questions

Question

What are the advantages of Cookies over URL rewriting?

Answered: 1 week ago

Question

Where do your students find employment?

Answered: 1 week ago

Question

An improvement in the exchange of information in negotiations.

Answered: 1 week ago