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AIWMI CCRA-L2 Exam - Topic 6 Question 97 Discussion

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 %?
C) Sincereland by 56 bps
A) Sincereland by 583 bps
B) Hardland by 56 bps
D) Hardland by 583 bps

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
10 months ago
This is confusing, can someone explain the numbers?
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Jina
10 months ago
I agree, HardLand seems to be in a better position.
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Antonio
10 months ago
Wait, how is SincereLand better if it's 583 bps?
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Willetta
10 months ago
Definitely HardLand by 56 bps!
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Milly
11 months ago
SincereLand has a current account deficit of 583 bps.
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Corinne
11 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
11 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
11 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
11 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
11 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
11 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
11 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
12 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
1 year 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
1 year ago
Let's see if it's correct. Fingers crossed!
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Shizue
1 year ago
I'm not sure if that's the right answer, but it's worth a shot.
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Antonio
1 year ago
Yeah, that sounds like a good idea. I'll go with 'Sincereland by 583 bps'.
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Stanford
1 year ago
I think you should go with the one that makes the most sense.
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Viki
1 year 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
1 year ago
Woah, Hardland really got the short end of the stick, huh? 583 bps in the wrong direction, ouch!
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Edison
1 year ago
User 2: Sincereland seems to be doing better in terms of current account deficit.
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Tora
1 year ago
User 1: Yeah, that's a huge deficit for Hardland.
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Nan
1 year ago
Hmm, looks like Sincereland is the clear winner here. 583 basis points is a huge difference!
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Linwood
1 year ago
But Hardland has a smaller deficit in absolute terms, so it might be better for them.
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Mari
1 year ago
I agree with Anissa, Sincereland has a lower current account deficit %.
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Anissa
1 year ago
I think Sincereland is better in terms of current account deficit %.
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