In 2010, the U.S. current account had a

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Quizplus · Accepted Answer

The current account is the difference between a country's exports and imports of goods and services, net income earned abroad, and net transfer payments. A current account deficit means that a country is importing more goods and services from other countries than it is exporting, and it is making net payments to foreign countries for income earned and transfer payments (such as foreign aid). The fact that the U.S. current account had a deficit in 2010 means that the U.S. imported more than it exported and made net payments to foreign countries, making choice C the correct answer.

In 2010, the U.S. Current Account Had a