
A net surplus in a country's current account indicates that the country is a net borrower from the rest of the world.
Correct Answer:
Verified
Q99: National income accounting refers to a system
Q100: The U.S. is the _ nation in
Q101: A stereo system in Germany costs 1,200
Q102: The circular flow model shows that one
Q103: The summary measure of a country's current
Q105: When imports exceed exports, the balance of
Q106: Other things being equal, an increase in
Q107: The balance of payments always balances, so
Q108: The United States has been an international
Q109: Markets in which domestic money is traded
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents