Which of the following statements about the U.S. balance of payments in 2013 is true?
A) In the third quarter of 2013, the services account recorded a deficit of $25 million.
B) In the third quarter of 2013, the current account showed a surplus of $174,091 million.
C) In the third quarter of 2013, the merchandise account showed a surplus of $179,457 million.
D) In the third quarter of 2013, the merchandise account showed a deficit of $179,457 million.
E) In the third quarter of 2013, the services account recorded a deficit of $38,175 million.

Question

Quizplus · Accepted Answer

The U.S. typically runs a merchandise trade deficit, meaning it imports more goods than it exports. The figure mentioned for the third quarter of 2013 aligns with historical trends of the U.S. trade balance.

Which of the Following Statements About the U