If the exports are $1.5 trillion, imports are $2 trillion, short-term investment to and from the US exactly balances, and taxes and private payments to and from the US also exactly balance, the capital account balance is a

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The capital account balance is the difference between the net inflow of capital and the net outflow of capital. In this case, the net inflow of capital is $1.5 trillion (exports) and the net outflow of capital is $2 trillion (imports). Therefore, the capital account balance is a deficit of $0.5 trillion.

If the Exports Are $1