In 2018, Germany had the world’s largest current account surplus of US$291 billion. Using this one piece of information, answer the following questions. a. Which was greater, the income Germans earned from abroad or incomes paid abroad from Germany? b. What is Germany’s financial account balance? Is it a surplus or deficit? c. Were financial inflows or financial outflows greater for Germany? d. Was total spending or total income greater in Germany in 2018?

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