Persistent current account deficits for the United States have
A)decreased investment in new plants and equipment.
B)slowed economic growth.
C)increased government budget deficits.
D)increased consumer debt.
E)None of the above is correct.

Question

Quizplus · Accepted Answer

Persistent current account deficits primarily reflect the country's trade balance and international borrowing and lending, rather than directly affecting investment in new plants and equipment, economic growth rates, government budget deficits, or consumer debt levels. These outcomes can be influenced by a myriad of factors, not just the current account balance.

Persistent Current Account Deficits for the United States Have