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Over its history, suppose that France has borrowed more from the rest of the world than it has lent to the rest of the world.

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Over its history, suppose that France has borrowed more from the rest of the world than it has lent to the rest of the world. This means that France has realized continuous deficits in its current account. is a net-creditor nation. has realized continuous surpluses in its goods and services account. has a very large unilateral transfers balance

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