Explain how an economy may face a deficit in its trade in goods yet have a surplus

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Explain how an economy may face a deficit in its trade in goods yet have a surplus on its current account of the balance of payments.

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Cambridge International AS And A Level Economics Coursebook

ISBN: 9781107679511

3rd Edition

Authors: Colin Bamford, Susan Grant

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Question Posted: Sep 14, 2021 01:18 AM

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Explain how an economy may face a deficit in its trade in goods yet have a surplus

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Current account surpluses refer to positive current a...View the full answer

Cambridge International AS And A Level Economics Coursebook

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