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A current account balance-of-payments surplus implies an
a. excess of exports over imports of goods and services
b. excess of imports over exports of goods and services
c. excess of exports over imports of goods, services, and unilateral transfers
d. excess of imports over exports of goods, services, and unilateral transfers
Please provide with correct answer and explain.
Graphically reflect the impact of changes in the non-income determinants of consumption spending on the consumption function.
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