In 2012,the United States had a current account deficit.The current account deficit implies that the United States
A)had a surplus on legal consulting and engineering services.
B)produced more output than it consumed.
C)consumed more output than it produced.
D)none of the options

Question

Quizplus · Accepted Answer

A current account deficit means that a country is consuming more goods, services and investments from foreign countries than it is selling and investing in return, thus implying that the country is consuming more output than it is producing.

In 2012,the United States Had a Current Account Deficit