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Question 7 2 pts Which of the following statements is false? 0 On average across countries, the trade balance, the trade-balance-to-output ratio, the current account,
Question 7 2 pts Which of the following statements is false? 0 On average across countries, the trade balance, the trade-balance-to-output ratio, the current account, and the current-account-to-output ratio are all roughly uncorrelated with output. On average across countries, consumption, investment, exports, and imports are all positively correlated with output. 0 The cross-country average standard deviation of output is twice as large as its US. counterpart. 0 On average across countries, private consumption including durables is more volatile than output
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