In recent years, the United States has had large

Question

Quizplus · Accepted Answer

The question is asking about recent years in the United States and in that period, the US has had consistent balance of trade deficits. A balance of trade deficit is when a country’s imports are higher than its exports, meaning it is spending more money on foreign goods than it is bringing in from foreign sales. The other options, such as current account surplus, capital and financial account deficits, and balance of payments surpluses, do not accurately reflect the recent economic situation in the US.

In Recent Years, the United States Has Had Large