1. Why does Sweden have a trade surplus and why does Canada have a trade deficit? ...

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1. Why does Sweden have a trade surplus and why does Canada have a trade deficit?

2. Compare the GDP of both countries, and lastly, explain what economic changes you would propose to fix the trade deficit?

Given Info:

	Exports of Goods and Services	Current Account Balance
Canada	30%	3.0%
Sweden	50%	7.0%

Related Book For answer-question

Modern Principles Of Economics

ISBN: 9781319245399

5th Edition

Authors: Tyler Cowen, Alex Tabarrok

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Posted Date: Feb 21, 2024 10:08 PM

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1. Why does Sweden have a trade surplus and why does Canada have a trade deficit? ...

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Expert Answer:

Trade Imbalances between Sweden and Canada 1 Reasons for Trade Surplus and Deficit Sweden High Exports Sweden boasts a large exportoriented economy wi... View the full answer

Modern Principles Of Economics

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