In 2007 the United States posted a current account deficit of -$731 billion. The bulk of the negative value came from
A)a net transfer deficit.
B)an income balance deficit.
C)a goods trade deficit.
D)an income trade deficit.

Question

Quizplus · Accepted Answer

A current account deficit is a measure of a country's trade balance, which includes both goods and services. Therefore, the most significant contributor to the negative value is likely the goods trade deficit, which occurs when a country imports more goods than it exports.

In 2007 the United States Posted a Current Account Deficit