From chapter 10, please do questions 6, 7, 8, 9, 10, and 11. You should have the link to access the book. Attached are the questions. Question 10 is on two pictures.

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From chapter 10, please do questions 6, 7, 8, 9, 10, and 11. You should have the link to access the book. Attached are the questions. Question 10 is on two pictures.

Answered 6 days AfterSep 07, 2022

Answer To: From chapter 10, please do questions 6, 7, 8, 9, 10, and 11. You should have the link to access the...

Komalavalli answered on Sep 14 2022
29 Votes
6.
a)A country with a trade deficit buys more products and services than it exports, whereas a count
ry with a trade surplus sells more goods and services than it imports.
b) Surplus is the quantity of an item or resource that is more than its actively utilized share. Surplus can refer to a variety of goods, such as capital, revenue and assets. Surplus refers to things that are on store shelves but have not yet been purchased.
c) A current account surplus is a positive current account balance, which signifies that a country exports more goods and services than it imports. Countries with sustained current account surpluses suffer currency appreciation. When a country sends more money overseas than it gets, it has a current account deficit.
7)
The goods and services balance will be in surplus if the surplus balance of the services account surpasses the deficit balance of the commodities (goods) account.
8)
A statement summarizes a country's stock of assets and liabilities in relation to the...
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