In 2012,the United States ran both a _____ account deficit and a _____ account surplus.

Question

Quizplus · Accepted Answer

The current account measures the flow of goods and services between a country and its trading partners, while the capital account tracks the flow of investments into and out of a country. A current account deficit means that the country is importing more goods and services than it is exporting, resulting in a negative balance of payments. On the other hand, a capital account surplus indicates that capital is flowing into the country in the form of foreign investment, which can help finance the current account deficit. Therefore, the United States in 2012 ran a current account deficit and a capital account surplus.

In 2012,the United States Ran Both a _____ Account Deficit