A Current Account Deficit Is

question 1

Multiple Choice

A current account deficit is

• A) good because a country wants to own the others.
• B) bad because every country should have a surplus.
• C) good because it allows to smooth consumption.
• D) it does not matter.
• E) bad because it permits consumption smoothing.

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Definitions:

Committee

A permanent, formal group that performs a specific task.

Permanent

Something that is intended to exist or function for an indefinite duration without significant change.