For many years, U.S.investment has exceeded savings and government expenditure has exceeded taxes. These imbalances (deficits) have been financed through international ________ by the United States as shown by the surplus on the balance of payments ________ account.

Question

Quizplus · Accepted Answer

The U.S. has financed its deficits by borrowing from abroad, which is reflected in a surplus on the capital account of the balance of payments.

For Many Years, U