Question: In a sentence or two, explain the difference between the trade balance and the current account balance . Many other macroeconomic variables are linked with

  1. In a sentence or two, explain the difference between the trade balanceand the current account balance.

  1. Many other macroeconomic variables are linked with GDP. Give two other variables that reliably change with GDP, and for each, say what it typically does when GDP rises. For example, "When GDP rises faster, _______ tends to _______."

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