Reducing a Current Account Deficit Requires a Country to

question 40

Multiple Choice

Reducing a current account deficit requires a country to

• A) increase private saving relative to investment.
• B) increase private consumption relative to saving.
• C) increase private investment relative to consumption.
• D) increase private investment relative to saving.

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Definitions:

Global Warming

The long-term increase in Earth's average surface temperature due to human activities, primarily the emission of greenhouse gases.

Agriculture

The science or practice of farming, including cultivation of the soil for the growing of crops and the rearing of animals to provide food, wool, and other products.

Migrations

The movement of groups or individuals from one place to another, often for reasons such as economic opportunities or environmental factors.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.