-x (43) -eva.ondongongal X on Midterm Exam - EC-202-206t X + . 1 \\H l 7' . :'XiTIQSHLDLB,'\\/l9\\\\ lm Time Left:0:57:34 Eva ONDONGO NGALA: Attempt 1 Select the term that best fits with each statement. 1 A __ is when imports exceed exports. In other words, a current account deficit means that, the country is a net borrower from abroad. 9 uilibrium . q 2. A _ is when exports exceed imports. trade defic't I 3. The _ tracks the ownership of assets \\ held by foreigners and ownership of financial (capital) account foreign assets (bonds/stocks). aggregate demand (AD) 4. The _ curve shows the total spending on domestic goods and services at each trade surplus price level 5. The intersection of the aggregate supply and aggregate demand curves shows the - _ level of real GDP and price in the economy