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In 2019, US GNP was $210 while GDP was $204. The trade deficit was 3% of GDP. Compute the Current Account balance and Domestic Absorption.
In 2019, US GNP was $210 while GDP was $204. The trade deficit was 3% of GDP. Compute the Current Account balance and Domestic Absorption. Was the Current Account in surplus or in a deficit? Compute the Net Factor Payment. Did US residents generate more income abroad than what foreign residents generated within the US
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
