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Economics
MEDIUM
ENGLISH
Economics
The Phrase “twin deficits” refers to ?
A country’s trade deficit and its government budget deficit
Correct answer
B
The fact that if a country has a trade deficit, its trading partners must also have trade deficits
Option B
C
the equality of a country’s saving deficit and its investment deficit
Option C
D
a country’s trade deficit and its net capital outflow deficit
Option D
Correct answer: A
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