In 2016, Germany had a balance of trade surplus of 253 billion and a current account surplus

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In 2016, Germany had a balance of trade surplus of €253 billion and a current account surplus of €266 billion. Explain how Germany’s current account surplus could be larger than its trade surplus. In 2016, what would we expect Germany’s balance on the financial account to have been? Briefly explain.

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Economics

ISBN: 978-0134738321

7th edition

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

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