Throughout the past 30 years,the U.S.balance-of-payments statement has indicated
A) a positive balance on the current account; a positive balance on the capital and financial account
B) a negative balance on the current account; a negative balance on the capital and financial account
C) a positive balance on the current account; a negative balance on the capital and financial account
D) a negative balance on the current account; a positive balance on the capital and financial account

Question

Quizplus · Accepted Answer

The U.S. has consistently run a negative balance on its current account (which includes trade in goods and services), meaning it imports more than it exports. However, it has also consistently had a positive balance on its capital and financial account, meaning it receives more investment and financial flows from abroad than it sends out. This has resulted in an overall balance of payments deficit for the U.S. over the past 30 years.

Throughout the Past 30 Years,the U