1. Business
  2. Economics
  3. in the philippines the trade deficit in 2005 was very...

Question: in the philippines the trade deficit in 2005 was very...

Question details

In the Philippines, the trade deficit in 2005, was very large at 5.6% of GDP. But at the end of the day current account matters, and their current account was 1.9% of GDP. So what may be the reason for this?

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution