If the current account balance were -$400 billion, the value of foreign money flowing into the United States on current account transactions would be $400 billion:

Question

Quizplus · Accepted Answer

A current account deficit occurs when the value of goods and services a country imports exceeds the value of goods and services it exports. A -$400 billion balance indicates that more money is flowing out of the country to pay for imports than is coming in from exports, hence a deficit.

If the Current Account Balance Were -$400 Billion, the Value