In 2019 Country A had a current account deficit of $1.2 billion. CountryA's capital account was in a $100 million surplus. In addition, CountryA's factors of production located in foreign countries earned $600 million.Country had a trade deficit of $800 million. Assume Country A neithergave nor received unilateral transfers. Country A's GDP was $9 billion.Answer the following questions about Country A in 2019. and show your work.
In 2019 Country A had a current account deficit of $1.2 billion. CountryA's capital account was in a $100 million surplus. In addition, CountryA's factors of production located in foreign countries earned $600 million.Country had a trade deficit of $800 million. Assume Country A neithergave nor received unilateral transfers. Country A's GDP was $9 billion.Answer the following questions about Country A in 2019. and show your work.
Chapter4: The Aggregate Economy
Section: Chapter Questions
Problem 5E
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