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Looking at the U

Question 12

Multiple Choice

Looking at the U.S. balance of payments from 1980 to 2008, we see that the


A) current account was positive until 1992 then turned negative.
B) current account has been negative for most years and was small in the late 1980s and early 1990s.
C) current account was negative until 1992 then turned positive.
D) capital account has been negative for most years and was small in the late 1980s and early 1990s.
E) official settlements account was large in the 1980s relative to the current account.

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