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please provide detail on how to get to answer 49. Last year Argentina experienced robust growth and fiscal restraint, but some analysts continue to worry
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49. "Last year Argentina experienced robust growth and fiscal restraint, but some analysts continue to worry about its current account deficit which today is 4% of GDP. But this worry is wrong-headed, because this deficit is the result of the confidence of foreign investors in Argentina's new economic system." This deficit most probably came about because; a) Argentina has a low real interest rate b) of a low Argentine money growth rate c) foreign investors are importing consumer goods d) capital inflows have increased the value of the Argentine currencyStep by Step Solution
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