Which of the following pairs is/are not correctly matched? 1. Global Value Chains (GVC): International Product Sharing 2. World Integrated Trade Solutions: Database on GVC related Trade 3. Current Account Deficit (CAD): Foreign Direct Investment Select the answer using the code given below:
- A. 1 and 2 only
- B. 2 and 3 only
- C. 3 only ✓
- D. 1, 2 and 3
Correct Answer: C. 3 only
Explanation
CAD and FDI are different concepts. CAD refers to the deficit in the balance of trade and services, while FDI is a component of the Capital Account used to finance that deficit; they are not definitions of each other.
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