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Exact(53)
The world as a whole cannot, of course, have a surplus or deficit in its balance of payments.
"So the surplus or deficit numbers, while they are indicators, I'm not sure should be the prime goal".
It describes whether each region of the world has a food surplus or deficit, and how imports or exports have changed since 1965.Several lessons emerge.
But there may be great statistical difficulty in distinguishing between the normal short-term capital flows and those that are consequential on a surplus or deficit.
The Williamson-Cline model imposes a symmetrical 3% rule: that no country's surplus or deficit should exceed 3% of its GDP.That may be too restrictive for some tastes.
The surplus or deficit must be balanced by a monetary movement in the opposite direction, and consequently the overall balance including monetary movements must always be equal.
Similar(7)
The monthly water surplus (S) or deficit (D) is calculated from a moisture budget assessment including stored soil moisture.
You can't just use budget surpluses or deficits, because these are affected by the state of the economy.
First, it means that net saving surpluses or deficits are now the balance of much larger gross flows.
In Washington these days, tax cuts are the solution to every conceivable circumstance — war or peace, surpluses or deficits, recession or boom.
But in that case, it's just part of the federal budget; it doesn't have either surpluses or deficits, no more than the defense budget.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com