In 2015, in the balance of payment of Switzerland, the labor income in the primary income balance
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Question:
In 2015, in the balance of payment of Switzerland, the labor income in the primary income balance shows a deficit of 21 billion CHF (Swiss Franc), which represents almost 30 percent of the net account surplus (71 Billion CHF). How can you explain the size of this deficit?
Related Book For
International Money and Finance
ISBN: 978-0123852472
8th edition
Authors: Michael Melvin, Stefan C. Norrbin
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