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QUESTION
Assume there are only 3 countries in the world: X, Y, and Z. In 2010, X ran a Current Account deficit of $10 billion while X ran a Current Account...
Assume there are only 3 countries in the world: X, Y, and Z. In 2010, X ran a Current Account deficit of $10 billion while X ran a Current Account surplus of $3.5 billion. What was the Current Account balance for Z? Was it a surplus or a deficit?
