The balance on the financial account consists of: a. the inverse of the balance on the current account. b. the difference between external wealth and internal wealth. c. the change in external liabilities minus the change in external assets. d. the change in external wealth plus the change in internal wealth.

The balance on the financial account consists of: a. the inverse of the balance on the current account. b. the difference between external wealth and internal wealth. c. the change in external liabilities minus the change in external assets. d. the change in external wealth plus the change in internal wealth.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 25CTQ: Cross country comparisons of GDP per capita typically use purchasing power parity equivalent...

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