In 2021, Germany had the worlds second largest current account surplus of US$266 billion. Using this one

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In 2021, Germany had the world’s second largest current account surplus of US$266 billion. Using this one piece of information, answer the following questions.

a. Which was greater, the income Germans earned from abroad or incomes paid abroad from Germany?

b. What is Germany’s financial account balance? Is it a surplus or a deficit?

c. Were financial inflows or financial outflows greater for Germany?

d. Was total spending or total income greater in Germany in 2018?

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Principles Of Economics

ISBN: 9781319330156,9781319419769

2nd Edition

Authors: Betsey Stevenson, Justin Wolfers

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Question Posted: Feb 20, 2024 01:00 AM

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In 2021, Germany had the worlds second largest current account surplus of US$266 billion. Using this one

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