In 2018, Germany had the worlds largest current account surplus of US$291 billion. Using this one piece

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In 2018, Germany had the world’s largest current account surplus of US$291 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 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: 9781429237864

1st Edition

Authors: Betsey Stevenson, Justin Wolfers

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Question Posted: Mar 12, 2024 06:00 AM

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In 2018, Germany had the worlds largest current account surplus of US$291 billion. Using this one piece

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a The income Germans earned from abroad was greater than incomes paid abroad from Germany This is in...View the full answer

Principles Of Economics

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