The massive deficit in the U.S. current account primarily reflects the

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The current account records a country's transactions with the rest of the world in goods, services, income, and transfers. A deficit in the current account implies that a country is importing more goods and services than it is exporting, and therefore the excess of U.S. imports over U.S. exports is the primary reason for the massive deficit in the U.S. current account.

The Massive Deficit in the U