Today, the United States is a
I. net borrower.
II. net lender.
III. debtor nation.
IV. creditor nation.
A) I and IV
B) II and IV
C) I and III
D) II and III

Question

Quizplus · Accepted Answer

The United States is a net borrower because it imports more than it exports, leading to a trade deficit that requires borrowing from other countries. It is also considered a debtor nation because the total amount of its foreign liabilities exceeds its foreign assets.

Today, the United States Is a