The net international investment position of the United States was 19.2 percent of GDP in both 2001

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The net international investment position of the United States was 19.2 percent of GDP in both 2001 and 2009. Explain how this was possible in light of the rather large current account deficits between 2001 and 2009.

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Question Posted: Dec 09, 2015 03:11 AM

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The net international investment position of the United States was 19.2 percent of GDP in both 2001

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Equation 72 on page 195 explains how this possible Th...View the full answer

Macroeconomics

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