Over the last several years,the U.S.has run persistent
A)balance-of-payments deficits.
B)balance-of-payments surpluses.
C)current account deficits.
D)capital account deficits.

Question

Quizplus · Accepted Answer

The question refers to the last several years, during which the U.S. has consistently run current account deficits. The current account includes all transactions related to exports and imports of goods and services, net income received from abroad, and net transfer payments. When a country has a current account deficit, it means that it is spending more on importing goods and services than it is receiving from exporting and other inflows.

Over the Last Several Years,the U.S.has Run Persistent