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Last year Argentina experienced robust growth and fiscal restraint, but some analysts continue to worry about its current account deficit, which today is 4 percent of GDP. But this worry is wrongheaded because this deficit is the result of the confidence of foreign investors in Argentina's new economic system.

  • Explain how this deficit could be a result of the confidence of foreign investors in Argentina.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M93039060
  • Price:- $10

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