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In: Economics

Define the term and explain a situation that demonstrates the ‘real world’ application of each of...

Define the term and explain a situation that demonstrates the ‘real world’ application of each of the following. Make sure your example clearly demonstrates your understanding of each concept.

a. Trade Deficit and Trade Surplus ( ____/5)

b. Current Account and Financial Account ( ____/5)

c. Appreciation and Depreciation ( ____/5)

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