Shown is the capital account for 2018 for the fictional country of Balancia. Given these entries, what can we assume about the current account for the same year? Capital account (millions of U.S. dollars) Balancia-owned assets abroad Foreign-owned assets in Balancia Net financial derivatives Statistical discrepancy The current account will show a deficit of $53,000 million. Click or tap a choice to answer the question. The current and capital accounts move independently of one another. -$50,000 $100,000 The current account will show a surplus of $53,000 million. $4,000 -$1,000 $53,000 The current account will show a surplus of less than $53,000 million. The current account will show a deficit of more than $53,000 million.
Shown is the capital account for 2018 for the fictional country of Balancia. Given these entries, what can we assume about the current account for the same year? Capital account (millions of U.S. dollars) Balancia-owned assets abroad Foreign-owned assets in Balancia Net financial derivatives Statistical discrepancy The current account will show a deficit of $53,000 million. Click or tap a choice to answer the question. The current and capital accounts move independently of one another. -$50,000 $100,000 The current account will show a surplus of $53,000 million. $4,000 -$1,000 $53,000 The current account will show a surplus of less than $53,000 million. The current account will show a deficit of more than $53,000 million.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter23: The International Trade And Capital Flows
Section: Chapter Questions
Problem 44P: Imagine that the U.S. economy finds itself in the following situation: a government budget deficit...
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