If Northland Is Currently a Net Lender and a Debtor

question 95

Multiple Choice

If Northland is currently a net lender and a debtor nation,

• A)it has loaned more than it borrowed from the rest of the world this year and has loaned more than it borrowed during its history.
• B)it has borrowed more from the rest of the world than it loaned this year and also borrowed more than it loaned during its history.
• C)its government budget deficit is growing.
• D)its accounting system must be in error if it shows the nation to be a net lender and a debtor nation at the same time.
• E)it has loaned more than it borrowed from the rest of the world this year, but borrowed more than it loaned during its history.

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