Suppose Canada's Current Account Has a Deficit of $12 Billion

question 94

Multiple Choice

Suppose Canada's current account has a deficit of $12 billion in 2010. It follows that Canada must have a capital account of , meaning that there is a capital flow of this amount Canada.

• A)deficit; $12 billion; out of
• B)deficit; less than $12 billion; out of
• C)deficit; $12 billion; into
• D)surplus; $12 billion; into
• E)surplus; less than $12 billion; into

Learn the phases of business cycles and their characteristics.

Distinguish between endogenous and exogenous theories of business cycles.

Analyze the accuracy of unemployment statistics and factors affecting these measurements.

Comprehend the relationship between economic indicators and forecasting tools for predicting economic conditions.

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Definitions:

Leaders

Individuals who guide or direct a group, organization, or country towards achieving collective goals, often through inspiration, vision, and ensuring team cohesion.

Implicit Leadership Theories

Personal beliefs or assumptions individuals hold about the traits and abilities that make someone an effective leader, influencing how leaders are perceived and evaluated.

Insightful Comments

Observations or remarks that show a deep understanding of a topic or situation, often shedding new light on it.

Group's Leader

Describes the person who is recognized as guiding, directing, and influencing the actions and opinions of a group towards achieving its objectives.