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Exam (elaborations)

international monetary economics Questions and Answers Grade A+ 2023

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gross national product - -GDP+NFI, value of all final goods and services produced by a countries fact of production during a given time period -current account balance, and what does it measure - -CA=EX-IM measures the size and direction of international borrowing shows net change in foreign wealth -current account deficit - -importing present consumption and exporting future consumption -current account surplus - -exporting present consumption and importing future consumption lending to foreigners


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