1. When a nation's current account deficit exceeds its financial account surplus, the overaIl_______ that the nation's central bank is_______foreign central banks. (A)surplus, lending to (B)surplus, borrowing from (C)deficit, lending to (D)deficit, borrowing from

4. Countries A and B are identical in all aspect, except that A is an open economy while B is a closed economy. The government in both countries decide to increase spending. Assumne that prices are fixed.How does the resulting change in GDP differs. (A) GDP increases in B but decreases in A (B)GDP increases in both countries, but more so in A (C)GDP increases in both countries, but more so in B (D)GDP increases in both countries, by the same amount

1. When a nation's current account deficit exceeds its financial account surplus, the overaIl_ that the nation's central bank is_foreign central banks.
(A)surplus, lending to
(B)surplus, borrowing from
(C)deficit, lending to
(D)deficit, borrowing from

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