In one year the United States had a current account deficit of −$461 billion. The balance on the capital account was −$6 billion. What was the balance on the financial account?

Question

Quizplus · Accepted Answer

The balance on the financial account is the opposite of the sum of the current account and capital account deficits to balance the accounts. Therefore, +$461 billion (current account deficit) + $6 billion (capital account deficit) = +$467 billion.

In One Year the United States Had a Current Account