The United States had a _____ account _____ of about $450 billion in 2012.

Question

Quizplus · Accepted Answer

A current account deficit means that a country is importing more goods and services than it is exporting, which results in a net outflow of money from the country. A current account surplus would indicate the opposite, that a country is exporting more goods and services than it is importing, resulting in a net inflow of money. A capital account deficit would refer to a net outflow of investment, while a trade surplus would specifically refer to a surplus in the merchandise trade balance, not necessarily the overall current account balance.

The United States Had a _____ Account _____ of About

The United States Had a _ Account _ of About