In a small open economy, if exports equal $5 billion and imports equal $7 billion, then there is a trade and net capital outflow. deficit; positive deficit; negative surplus; positive surplus; negative

In a small open economy, if exports equal $5 billion and imports equal $7 billion, then there is a trade and net capital outflow. deficit; positive deficit; negative surplus; positive surplus; negative

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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In a small open economy, if exports equal $5 billion and imports equal $7 billion, then there is a trade
and net capital outflow. deficit; positive deficit; negative surplus; positive surplus; negative

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