Explain why a current account deficit indicates that a country is using more goods and services than

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Explain why a current account deficit indicates that a country is using more goods and services than it is producing.

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International Economics

ISBN: 9780078021671

8th Edition

Authors: Dennis Appleyard, Alfred Field

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Question Posted: Dec 02, 2015 04:28 AM

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Explain why a current account deficit indicates that a country is using more goods and services than

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Since Y C I G X M the current account balance can be defined as X M Y C I G With ...View the full answer

International Economics

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