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AIWMI CCRA-L2 Exam - Topic 6 Question 97 Discussion

Actual exam question for AIWMI's CCRA-L2 exam
Question #: 97
Topic #: 6
[All CCRA-L2 Questions]

Two economies HardLand and SincereLand have provided following information with respect to their economies in USD Billion:

Based on the above information which entity is better in terms of current account deficit %?

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Suggested Answer: C

by Kirk at Sep 17, 2024, 01:02 AM

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Leslie
4 months ago
This is confusing, can someone explain the numbers?
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Jina
4 months ago
I agree, HardLand seems to be in a better position.
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Antonio
4 months ago
Wait, how is SincereLand better if it's 583 bps?
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Willetta
4 months ago
Definitely HardLand by 56 bps!
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Milly
5 months ago
SincereLand has a current account deficit of 583 bps.
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Corinne
5 months ago
I’m leaning towards HardLand being better, but I need to double-check the definitions of current account deficit percentages.
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Jani
5 months ago
I feel like SincereLand had a lower deficit based on the data we analyzed, but I’m confused about the bps calculation.
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Rodrigo
5 months ago
I think HardLand might be better, but I can't recall the exact numbers we worked with in class.
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Launa
5 months ago
I remember we practiced a similar question about current account deficits, but I’m not sure if SincereLand really has the better percentage.
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Katina
5 months ago
No problem, I've got this! I just need to divide the current account balance by the GDP for each country and compare the percentages. Shouldn't be too hard.
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Ruthann
5 months ago
Hmm, this looks tricky. I'm not sure how to calculate the current account deficit percentage from the given information. I'll need to think this through carefully.
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Mariann
5 months ago
Okay, let's see here. I think I need to calculate the current account deficit percentage for each country and compare them. That should give me the answer.
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Erasmo
5 months ago
Wait, I'm a little confused. Do I need to convert the values to a common currency first before doing the calculations? I want to make sure I'm doing this right.
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Karan
11 months ago
I don't know, man. This question is giving me a headache. Maybe I should just pick the answer that makes the most sense and hope for the best. Or maybe I'll just go with the one that sounds the funniest, like 'Hardland by 583 bps'.
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Lauran
9 months ago
Let's see if it's correct. Fingers crossed!
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Shizue
9 months ago
I'm not sure if that's the right answer, but it's worth a shot.
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Antonio
10 months ago
Yeah, that sounds like a good idea. I'll go with 'Sincereland by 583 bps'.
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Stanford
10 months ago
I think you should go with the one that makes the most sense.
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Viki
11 months ago
Wait, hold up. How can Hardland be better by 56 bps? That seems like a typo or something, right?
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Arlie
11 months ago
Woah, Hardland really got the short end of the stick, huh? 583 bps in the wrong direction, ouch!
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Edison
10 months ago
User 2: Sincereland seems to be doing better in terms of current account deficit.
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Tora
11 months ago
User 1: Yeah, that's a huge deficit for Hardland.
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Nan
11 months ago
Hmm, looks like Sincereland is the clear winner here. 583 basis points is a huge difference!
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Linwood
11 months ago
But Hardland has a smaller deficit in absolute terms, so it might be better for them.
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Mari
11 months ago
I agree with Anissa, Sincereland has a lower current account deficit %.
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Anissa
12 months ago
I think Sincereland is better in terms of current account deficit %.
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