Economics · Oct / Nov 2018 · Paper 12 · Question 27
2281Current account of the balance of payments
It is estimated that in 2016 the Olympic Games in Rio, Brazil attracted over 600 000 foreign visitors. What is likely to have been the result of this number of visitors?
- Aa depreciation of Brazil's currency
- Ba fall in Brazil's rate of inflation
- Can increase in the Brazilian government's budget deficit
- Da reduction in Brazil's deficit on the current account of its balance of payments
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Correct answer: D. a reduction in Brazil's deficit on the current account of its balance of payments
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