In 2012 germany had a balance of trade surplus of 238


In 2012, Germany had a balance of trade surplus of $238 billion and a current account surplus of $208 billion. Explain how Germany's current account surplus could be smaller than its trade surplus. In 2012, what would we expect Germany's balance on the financial account to have been? Briefly explain.

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Chemistry: In 2012 germany had a balance of trade surplus of 238
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