Over the last fifty years the current account balance of the United States has
A) been deteriorating
B) been improving
C) remained roughly the same
D) always been in balance

Question

Quizplus · Accepted Answer

The current account balance of the United States has been deteriorating over the last fifty years. The current account measures the balance of trade in goods and services, net income from abroad, and net current transfers. The US has consistently run a trade deficit, meaning it imports more goods and services than it exports, resulting in a negative balance on the current account. This trend has been on a long-term decline, indicating a deteriorating current account balance.

Over the Last Fifty Years the Current Account Balance of the United