In 2015, in the balance of payment of Switzerland, the labor income in the primary income balance
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In 2015, in the balance of payment of Switzerland, the labor income in the primary income balance shows a deficit of 21 billion CHF (Swiss Franc), which represents almost 30 percent of the net account surplus (71 Billion CHF). How can you explain the size of this deficit?
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Answer The labor income deficit in the primary income balance of Switzerland which represents almost 30 percent of the net account surplus can be expl...View the full answer
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Related Book For 
International Economics Theory And Policy
ISBN: 9781292409719
12th Edition
Authors: Paul Krugman , Maurice Obstfeld, Marc Melitz
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