A Small Open Economy Has Exports Equal to 10,imports Equal

question 23

Multiple Choice

A small open economy has exports equal to 10,imports equal to 6,foreign debt equal to 20.The world interest rate is 10 percent.The country's current account balance is:

• A) a surplus of 4.
• B) a surplus of 2.
• C) a deficit of 2.
• D) a deficit of 4.

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Definitions:

Storage

The act of retaining or housing goods, information, or data in a designated space or medium for future use.

Business Incubator

An organization that supports the development and growth of startup companies by providing services such as management training, office space, or investment capital.

Leadership Skills

The attributes and abilities that enable an individual to inspire, influence, and guide others effectively.

Early Growth

The initial phase of development in businesses or industries marked by rapid expansion and increase in market share or profitability.