In 2018, Germany had a trade surplus of 228 billion and a current account surplus of 249
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In 2018, Germany had a trade surplus of €228 billion and a current account surplus of €249 billion. Explain how Germany’s current account surplus could be larger than its trade surplus. In 2018, what would we expect Germany’s balance on the financial account to have been? Briefly explain.
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Germanys current account surplus can be larger than its trade surplus due to the presence of other c...View the full answer
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